Banking & Financial Services

Regional Banks See Stock Prices Level Off

Stock prices for publicly traded banks in the Kansas City region show that most have leveled off from the sector-wide plunge induced by three major bank failures in the U.S. this year, but share prices overall remain sharply lower than… more

Hints of Inflation To Cool Over Next Year Survey Says

The Mid-American Business Conditions Index for May showed expanded growth for the nine-state region while providing a possible trend toward inflation. The survey, published by Creighton University, reported wholesale inflation gauge for the month climbed to 74.0 from April’s 67.4.… more

UMB Bank to Acquire Consulting Firm Hybarger

UMB Bank announced Thursday its newest plans to acquire Hybarger & Associates, a consulting firm that provides outsourced finance support to community banks. According to Steve Kitts, executive vice president and executive director of middle markets sales for UMB Bank,… more

KC Firms Crack Am Law 100

Three Kansas City-based law firms have earned spots on American Lawyer’s prestigious Am Law 100 ranking of the largest firms in the U.S., based on 2022 revenues—Polsinelli, Husch Blackwell, and Shook, Hardy & Bacon. Three more firms based here—Stinson LLP,… more

Agriculture Survey Shows Regional Growth, Farmland Price Dips

Creighton University released its Rural Mainstreet Index report for May indicating overall growth for the Midwest region while varying in different sectors for Kansas and Missouri. The survey's 10-state region overall reading for May climbed to 55.8 from April’s 50.1.… more

Liquidity Concerns Deepen for Regional Bankers

A new report assessing trends in regional banking shows that community banks continued to be hammered as consumers, spooked by recent failures of large national banks, continue to withdraw deposits. For a second straight month, checking deposits decreased to a… more

Overland Park Mortgage Lender Sold

As the shake-up in the nation’s mortgage lending sector continues, a Florida-based community bank says it has agreed to acquire the Overland Park mortgage operations of BNC National Bank. First Federal Bank of Lake City, Fla., announced the deal to… more

Buckingham’s Local Footprint Widens

Buckingham Strategic Wealth, LLC announced Friday, May 18 it will acquire Madison Wealth Advisors, LLC with the merger set to complete in the third quarter of 2023. Madison Wealth Advisors is a registered investment adviser based in Lee's Summit, MO.… more

Latest Fed Data Reflect Regional Slowdown

The Federal Reserve Bank's latest update of the so-called Beige Book reports that total economic activity across the 10th District, based in Kansas City, declined slightly in March and April. The good news? Almost every business contact surveyed for the… more

Creative Planning Adds $300M Cincinnati Firm

Well, that didn’t take long: Just weeks after sealing a deal that made it the region’s second-largest wealth-planning firm, Creative Planning has started the new year with another significant acquisition. This time, it has added Berno Financial Management, a Cincinnati… more