Banking & Financial Services

NPC receives court approval to proceed with Chapter 11

NPC International, Inc. announced it has achieved approval from the U.S. Bankruptcy Court for the Southern District of Texas on its Second Amended Joint Chapter 11 Plan. The Plan is supported by the Leawood, Kan.-based company’s key stakeholders, among others.… more

GDP rises in Q4, year shows overall decline of 3.5 percent

After a year dominated by COVID-19, the economy closed 2020 in decent conditions, all things considered. Gross domestic product (GDP), increased at a 4 percent pace in the fourth quarter, slightly below the 4.3 percent expectation from economists surveyed by… more

In a Nutshell

We now have a new, much more liberal president. One of his first actions was to propose an additional $1.9 trillion stimulus package that includes $1,400 per-person direct payments to most households, a $400 per week unemployment insurance supplement through… more

Johnson County, Kan. votes, approves $265M bond for Shawnee Mission School District

Shawnee Mission School District will be able to fund more than $200 million in upgrades after nearly 70% of Johnson County residents who voted on Tuesday approved a bond issue. Through the $264 million bond, SMSD plans to rebuild five elementary schools… more

Regional renters receive $30M in federal rent assistance

A wave of financial relief have been delivered to Kansas City area renters thanks to a relief package passed by Congress last month. Passed legislation has approved the distribution of $25 billion in rental assistance to renters across the U.S.… more

PPP approves 60,000 loans in first week worth $5B

Approximately 60,000 Paycheck Protection Program (PPP) loan applications submitted by nearly 3,000 lenders was approved by the U.S. Small Business Administration in the first week of the program's reopening. Loan approval totaled over $5 billion for the 60,000 approved submissions.… more

Finalized “fair access” rule receives big-bank pushback

The Office of the Comptroller of the Currency (OCC) has finalized a controversial rule within days of a change in leadership. Originally proposed in November, the rule prohibits the nation's largest banks from denying services to gun manufacturers, energy firms, operators… more

January Rural Mainstreet Index ticks up in Mo. and Kan., bankers concerned about inflation in 2021

The Creighton University Rural Mainstreet Index (RMI) climbed above growth neutral across the 10-state region. The overall index for January rose to 52.0 from December’s 51.6 (the index ranges between 0 and 100 with a reading of 50.0 representing growth… more

In a Nutshell

Joe Biden has referred to the latest coronavirus aid package as a "down payment" for dealing with the pandemic.  Another stimulus bill providing more funding for tests, vaccinations, aid to cities and states, plus a third round of direct payments… more

KCMO to face another expected deficit this fiscal year of $50M

Financial constraints on the City of Kansas City, Mo. caused by COVID-19 will not be going away soon. In a Thursday press conference, the city reported they anticipate a $50-million deficit during the current fiscal year. "It's very difficult to… more