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Texas community bank lines up first acquisition

American Banker

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp. Community banking M&A Growth strategies Texas

Wichita 48
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Equity Bancshares to Buy Prairie State in Kansas

American Banker

Equity Bancshares in Wichita, Kan., has agreed to buy Prairie State Bancshares in Hoxie, Kan. breaking_news community-banking ks dealmaking-strategy

Wichita 44
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OCC Releases Community Reinvestment Act (CRA) Evaluations

Perficient

Wichita. The Office of the Comptroller of the Currency (OCC) has released 15 Community Reinvestment Act (CRA) performance evaluations. These evaluations are based on on-site examinations by OCC-trained staff. On-site examinations are done every other year.

Community 285
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Equity in Kansas Raises $35M to Support Expansion

American Banker

Equity Bancshares in Wichita, Kan., has raised $35.4 million in a common stock offering and plans to use the proceeds to pay down a line of credit and support growth. breaking_news community-banking capital strategic-alternatives ks dealmaking-strategy

Wichita 34
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PayRails Expands Credit Union Collaboration Initiative

PYMNTS

From there, the company consisted of six CUSOs: Coastal Credit Union (Raleigh, NC), Farmers Insurance Federal Credit Union (Los Angeles, CA), Georgia’s Own Credit Union (Atlanta, GA), Meritrust Credit Union (Wichita, KS), Teachers Credit Union (South Bend, IN) and TwinStar Credit Union (Lacey, WA).

Wichita 140
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Bank Customers Sued For Taking Wrong Money From ATM

PYMNTS

Central National Bank, located in Wichita, is trying to get back money it lost when an ATM gave a customer $100 bills instead of $5 bills. According to a report in Money , the bank filed a lawsuit in Sedgwick County District seeking for customer Christina Ochoa to give back around $11,600 plus interest. The bank contends Ochoa realized the ATM was working incorrectly and made more withdrawals to get more money mistakenly dispensed. The customer allegedly made the withdrawls from Jan.

ATM 108
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Russian Bank Loses License Due To Money Laundering

PYMNTS

The Wichita Eagle reported that the Bank of Russia said the Commercial Bank of Ivanovo lied “in order to improve its financial indicators and conceal its actual financial standing” and that although the bank’s business had spanned individual and corporate lending, 70 percent of its business came from “low quality loans.”. A Russian bank with ties to a former U.S. congressman has lost its license amid money-laundering violations.

Wichita 116
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Does Virgin America Sale Help Or Hinder Discount US Airfare?

PYMNTS

Wichita State University’s Airline Quality Rating report found that the airline outperformed all its domestic competitors in minimizing lost luggage and avoiding delays, cancellations, oversold flights and customer-provided complaints. Headley, associate professor of marketing at Wichita State and co-author of the report, told The Boston Globe that Spirit’s low score might point to a major misconception about discount air travel in the U.S.

Alaska 100
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Stranger Summer Payments Things

PYMNTS

The shopper in question remains unnamed, but the event occurred at a Wichita Falls, Texas Walmart. While there are many things to love about summer – vacations, the beach, BBQs, fireworks, amusement parks and so on – in most parts of the country, summer brings with it one problem that is impossible to ignore. It is hot outside.

Wichita 129
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Outside The Box (And Inside The Storage Container) Solutions To Sky-High Rent

PYMNTS

Tom George, a Wichita-based developer, heard the joke and may have thought to himself: “What if the box weren’t cardboard?”. More American adults own their homes than rent them – fewer than two-thirds own, while a little over one-third rent. Those numbers have been relatively consistent for the last 40 or so years. But that breakdown is not evenly divided across all demographics.

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Disrupting The Security Deposit With Insurance

PYMNTS

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. Affordable housing in many American cities has reached crisis levels.

Security 132
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CFPB announces advisory committee members

CFPB Monitor

The other individuals appointed to the CUAC are: Monica Davis, Senior Vice President Risk management, Union Square Credit Union (Wichita Falls, TX).

Wichita 78
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5 Money Myths Busted

NCR

Gary Swim is the owner of Swim Retirement in Wichita, KS. When it comes to financial literacy, what we don’t know can cost us! Americans ranked 14th in a recent global survey on financial literacy. Only 57% of Americans passed the short quiz, compared with more than 70% of people in Norway, Denmark and Sweden. It’s important to understand the basics so we can make wise decisions with our money.

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A Cardless Streak Coming (Maybe)

NCR

which launched in Wichita, Kansas, as a mortgage lender back in 1905. The roots of Oklahoma Fidelity Bank go back more than a century—the institution originated with Fidelity Investment Co., And that long history of service just got a new boost in innovation: As of May 24, 2016, the bank enables customers to withdraw cash from ATMs via only a mobile app. That’s right, the card is gone. We’ve been talking about cardless transactions for a while now , and with good reason.