Banking & Financial Services

St. Louis-based Moneta makes expansion to Kansas City

The opening of a Kansas City office for Moneta Group has been announced following the firm’s expansion from its St. Louis headquarters. Already a major player in the Kansas City market with an established list of clients from the area,… more

Federal Reserve Board issues notice on ‘approach’ to modernizing CRA rules

Earlier this week, the Federal Reserve Board voted unanimously during an open meeting to release an advance notice of proposed rulemaking for an “approach” to modernization of rules implementing the anti-redlining Community Reinvestment Act (CRA). This approved noticed is referred… more

Details on new round of bank stress tests released

A new round of bank stress tests was announced Thursday by the Federal Reserve, the board releasing its set of hypothetical scenarios to be used to measure the resiliency of big banks. This is the second round of bank stress… more

Federal Reserve expects rates near zero through at least 2023

WASHINGTON (AP) — In an economy that continues to show flashes difficulty in its recovery from a COVID-19 induced recession, Federal Reserve policymakers indicated on Wednesday that their benchmark short-term interest rate will likely remain at zero through 2023 and possibly even… more

The 2020 Ingram’s 250

Time for some Ingram’s 250 math: What’s i250 x 5? If you came up with 1,250, hats off to your grade-school math teachers—their lessons clearly took hold. But with this being the fifth year of our recognition of the 250… more

Bartelli leaves Bank Midwest, Van Denabeele to succeed

Following the announcement of the departure of Whitney Bartelli as president of Bank Midwest, a Thursday announcement revealed that Nicole Van Denabeele will fill the role as president, effective immediately. According to the announcement, Bartelli will stay through Friday, Sept. 11… more

First National Bank of Omaha awards grants to four Kansas City area organizations

First National Bank of Omaha (FNBO), a subsidiary of First National of Nebraska, has awarded $895,000 in workforce stability grants to organizations in six different states, including four on the Kansas side of the Kansas City metro. Of the total… more

FDIC data on PPP reveals Kansas City banks injected billions locally

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… more

In a Nutshell by Ken Herman

It is not normal for the S&P 500 to decline 35% in a little over a month.  That decline was a modern-day record. It likewise is not normal for the S&P 500 to advance 60% off its lows in barely… more

September Beige Book report may dispel notions of V-shaped recovery

The release of the Federal Reserve Bank’s September Beige Book report this week might dispel any notions of a sharp V-shaped recovery from the COVID-19 pandemic. While it notes significant economic growth in some sectors of the 10th District that… more