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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. In 2019, it expanded by buying its fourth branch from a competitor.

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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

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Disrupting The Security Deposit With Insurance

PYMNTS

The average security deposit in the U.S. And of course averages can be misleading — in Manhattan that rent average is over $4,000 a month, while in Wichita, Kansas (the least expensive market in the survey) rents are still well below $1,000 at $639 a month.

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Movie Chain AMC Says It Could Go Broke By Year’s End

PYMNTS

13) with the federal Securities and Exchange Commission (SEC): ".given The August reopening of one of those theaters – the location in Kansas City -- included some extra flair. The parent of AMC Theatres says it's on track to run out of cash by early 2021 at the latest. AMC Entertainment Holdings Inc.

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Fed Names Leader For FedNow Faster Payments Service

PYMNTS

“Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He

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Federal Reserve To Launch FedNow Instant Payments System 

PYMNTS

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. Through the FedNow service, we hope to provide a modern infrastructure for the future of faster payments with safety and security for all,” Brainard said.

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Small banks: Big challenges and big opportunities

Abrigo

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. At the same time, asset-based liquidity options at some community banks have been constrained by large unrealized losses in available-for-sale securities.