Banking & Financial Services
KC Rise Fund has closed its third venture-capital fund, which will bring $34 million in new capital to fund technology startups in the Kansas City region. Like its two predecessor funds, KCRise Fund I and II, the latest installment aims…
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The Federal Reserve System has released results of its annual banking stress test for 2023, showing that 23 large banks assessed had sufficient capital to absorb more than $540 billion in losses and continue lending to households and businesses under…
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The Federal Reserve’s semiannual Monetary Policy Report released this month claims the banking system remains resilient, however, concerns about liquidity positions, deposit outflows, and funding costs continue to plague the economy. In the report, the Fed noted the recent banking…
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As part of the sixth annual ranking of the Best Banks In Each State 2023, Commerce Bancshares, Inc. and UMB have broke reached a rank of fourth and fifth respectively based on the banks’ attention to community financing. Nodaway Valley…
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Creighton University released its Rural Mainstreet Index report for June showing above growth neutral for the month to its highest level since May 2022. The survey’s 10-state region overall reading for June climbed to 56.9 from May’s 55.8. The index…
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After last year’s flat rate for tuition, the Kansas Board of Regents (KBOR) decided to increase tuition rates for Kansas collegiate schools. The decision was made Wednesday during a KBOR meeting. The University of Kansas, Kansas State University, Pittsburg State…
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In the week ending June 10, the advanced figures for seasonally adjusted initial claims were 262,000, the previous week's level was up by 1,000 from 261,000 to 262,000. The 4 week moving average was 246,750, an increase of 9,250 from…
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Q: How long was Creative Planning looking to buy BerganKDV and what made them stand out? A: We have been talking for over a year. What we are looking for in this acquisition is to broaden our talent base and…
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New data from the Federal Reserve Bank show a steep decline in business demand for commercial and industrial loans since interest rates began their sharp rise to combat inflation in the second quarter of 2022. The Fed’s survey of lending…
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The only Kansas City entrant to appear on this year's Fortune 500 goes to Merriam-based Seaboard Corp (SEB). The company placed in the No. 364 spot on the list of rankings. Seaboard holds more than 12,000 employees and brings in…
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