FDIC data on PPP reveals Kansas City banks injected billions locally



Data released by the Federal Deposit Insurance Corp. on the amount of Paycheck Protection Program loans made nationwide shows that Kansas City-based banks put upwards of $4.55 billion back into the Kansas City area economy.

According to data from the Federal Deposit Insurance Corp. (FDIC), which holds a record on the amount of Paycheck Protection Program (PPP) loans made by banks nationwide, shows that Kansas City area bank put billions back into the local economy through the program.

Data shows that banks in the Kansas City metro made 24,804 PPP loans, the two largest being Commerce Bank and UMB Bank.

Another six banks made millions worth of loans, though another seven made no PPP loans at all.

Between the top two PPP loan lenders, Commerce Bank made 7,353 loans worth $1.5 billion. UMB Bank ranked made 5,127 loans worth $1.48 billion.

The other six include CrossFirst Bank, Central Bank of the Midwest, Country Club Bank, Academy Bank, Security Bank of Kansas City and Bank of Blue Valley, which altogether made over $100 million in PPP loans.