Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. For Brice Luetkemeyer, president and CEO of Bank of St.

A Missouri bank is using tech to secure large deposits from public entities

Bank Innovation

Bank of Franklin County, a Washington, Mo.-based based bank with $273 million in assets, is using ‘cash sweep’ technology to gain large deposits from public funds without having to put up its own assets as collateral.

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Southern Missouri Bancorp lines up deal in its home state

American Banker

Community banking M&A Growth strategies Capital MissouriThe company will pay $24 million in cash for Central Federal Bancshares.

Missouri’s Cash Tax Payment Ban Proposal Irks Cannabis Firms

PYMNTS

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. According to the Missouri Medical Cannabis Trade Association, the state does have several banks that service cannabis companies , but a spokesperson warned that “those options are not plentiful.”

Peoples Bank's Kasasa Cash Available In Iowa And Missouri

BankDeals

Peoples Bank's (IA/MO) Kasasa Cash currently earns 3.505 APY on qualifying balances up to $20k. Kasasa Saver earns 1.00% APY on qualifying balances up to $20k

Enterprise Financial in Missouri Names President

American Banker

Enterprise Financial Services in Clayton, Mo., said Wednesday that it has promoted James Lally to president. breaking_news people corporate-governance mo community-banking

Midwest BankCentre to Buy Bremen Bank in Missouri

American Banker

Midwest BankCentre in Lemay, Mo., has agreed to buy Bremen Bank & Trust in Hazelwood, Mo. community-banking m-a mo dealmaking-strategy

NASB to Buy Lexington B&L Financial in Missouri

American Banker

NASB Financial in Grandview, Mo., has agreed to buy Lexington B&L Financial in Lexington, Mo. community-banking mo dealmaking-strategy

Farmers Bank Offers Top-Rate Kasasa Cash In 7 States

BankDeals

Farmers Bank's (IA) Free Kasasa Cash (3.00% APY, up to $25k) is available to residents of Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin

Neighbors Bank Offers Nationally Available Savings Account

BankDeals

Missouri-based Neighbors Bank has a nationally available Online Savings account, currently earning 1.70% APY on balances of $25k+. Balances of less than $25k earn 1% APY

Data: Pot payments on the rise

Payments Source

Now that states such as Michigan, Utah and Missouri voted in favor of legalization in this year's midterms, legal marijuana is poised to become a growth industry. Marijuana banking Compliance Network rules Mobile payments

From Washing Windows to Walking the Halls of Congress

ABA Community Banking

Missouri banker Dan Robb’s journey from maintenance man to industry advocate. The post From Washing Windows to Walking the Halls of Congress appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured Policy ABA leadership Advocacy Leadership

The public option for real-time payments is taking too long

Payments Source

Charles in Missouri. There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St.

Bowman Concerned About Community Banks’ Exit from Mortgage Markets

ABA Community Banking

Speaking to attendees at a mortgage industry event in Kansas City, Missouri, today, Federal Reserve Governor Michelle Bowman expressed optimism about the trajectory of the housing market but raised concerns about the declining number of community banks remaining in the consumer real estate mortgage market.

When entire states ban your company, you must be on to something positive Tesla

The Bankwatch

What possible reason could Missouri and other states have for banning a direct to consumer model, than lobbyists from old school auto companies. Missouri Pulls a New Jersey on Tesla. Missouri has become the latest state to advance legislation that would ban Tesla’s direct-to-consumer sales model, a move the Palo Alto, Calif., electric car maker attributes to pressure from the auto dealers lobby.

Another 4.4M Americans File Unemployment Claims

PYMNTS

The coronavirus pandemic continues to rock the country, as another 4.43 million Americans applied for unemployment benefits in the week ending April 18, sending the unemployment rate to a new record of 11 percent, the U.S. Labor Department reported on Thursday (April 23).

Analysts May Question Google On Antitrust Investigations During Earnings Call

PYMNTS

Missouri has been investigating Google for two years, and it recently folded its investigation into the larger Texas one. The idea is that with more and more AGs on board, “there’s a lot more firepower,” said Chris Nuelle, a Missouri AG spokesman.

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Protests Could Lower Odds Of Vegas Reopening

PYMNTS

Missouri has had similar issues, where casinos like Eldorado Resorts have seen reopenings upended due to protests turned violent.

Carvana Opens Car Vending Machine In LA, Marking 20th In US

PYMNTS

The Los Angeles Car Vending Machine joins counterparts in cities across Texas, Tennessee, Florida, North Carolina, Maryland, Arizona, Ohio, Missouri, Indiana, Pennsylvania and Illinois.

Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

Eight additional states, Idaho, Minnesota, Missouri, Nevada, North Carolina, Texas, West Virginia, Vermont and the District of Columbia, are slated to be added in June. “We’re Fiserv Inc.,

Farmers Step Up Deliveries In Rural America

PYMNTS

million in lost revenues, according to researchers from Colorado State University and the University of Missouri.

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C

Strip Malls Gaining An Edge Over Traditional Shopping Malls

PYMNTS

Institutional investors are putting money into strip malls, with the Singapore sovereign-wealth fund GIC backing five open-air centers in Florida, Missouri and Michigan with $118.3

Vegas Rolls Dice On Reopening Shuttered Casinos

PYMNTS

Businesses at the Missouri tourism spot, which bills itself as “Midwest’s premier lake resort destination, had to defend against accusations that they were not doing enough to police social distancing.

Apple To Reopen Approximately 100 US Retail Locations

PYMNTS

Apple will reportedly open stores again this week in Georgia, Florida, Texas, Utah, Arizona, Nevada and Missouri, among other states. Apple , which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.

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Two Lawmakers Float First Facial Recognition Privacy Bill

PYMNTS

If the bill introduced by Missouri Republican Roy Blunt and Hawaiian Democrat Brian Schatz passed, it would be the first piece of legislation on the federal level aimed at protecting consumers’ privacy when using facial recognition.

House Financial Services Committee to hold Sept. 26 hearing on abusive debt collection practices

CFPB Monitor

Church (Jefferson City, MO) and Executive Director, Missouri Faith Voices.

JP Morgan’s Finn: One Birthday Down, No More To Go

Let's Talk Payments

They conducted trials for nine months in the state of Missouri (USA) before they rolled out the app. Ever since its opening in 1871, JP Morgan has remained a valuable and reliable player among the top brands in the banking sector.

Facebook Tracks In-Store Purchases To Create Targeted Ads

PYMNTS

Last month , senators Josh Hawley (R-Missouri) and Chris Coons (D-Delaware) wrote a letter to Facebook CEO Mark Zuckerberg regarding Facebook’s ability to track the location of users even when they turn off location services.

7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Louis, Missouri; and Tampa, Florida. Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. markets. Customers can place their beer orders via the 7Now app.

Internal Memo: Simon To Reopen 49 Malls In May

PYMNTS

The properties in Texas, Indiana, Alaska, Missouri, Georgia, Mississippi, Oklahoma, South Carolina, Arkansas and Tennessee will not be limited to curbside-pickup reopening like the ones happening in Texas, the report said.

Uber Expands ‘Ride Pass’ Monthly Subscription

PYMNTS

Louis, Missouri; San Diego, California; Raleigh-Durham, North Carolina; Seattle, Washington; Portland, Oregon; San Antonio, Texas; Nashville, Tennessee; Las Vegas, Nevada; New Orleans, Louisiana and Phoenix, Arizona.

Payments Tech Firm InComm Acquires Meridian Loyalty

PYMNTS

Louis, Missouri, and has clients from Fortune 500 and 1000 companies all around the world. Payments technology company InComm has acquired Meridian Loyalty, a business incentives company that works to build loyalty as well as engagement opportunities for corporations, according to a release.

Study: Financial Pressure Makes CFOs Prone To Fraud

PYMNTS

The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy.

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Sunflower in Kan., Strategic Growth Bancorp in Texas to Merge

American Banker

billion-asset Strategic Growth to create a company with $3 billion in loans and 60 branches in Colorado, Kansas, Missouri, New Mexico and Texas. The $1.8 billion-asset Sunflower expects to combine with the $2.2 breaking_news community-banking ks tx dealmaking-strategy