-->

Banking & Financial Services

Justice Department Enforcement Action Combats $836M In Alleged COVID-19 Fraud

Posted August 24, 2023 The Justice Department announced Wednesday the results of a coordinated, nationwide enforcement action to combat coronavirus aid fraud, including 718 enforcement actions and over $836 million in alleged COVID-19 fraud. The coordinated law enforcement action occurred… more

Commerce Trust’s New Chief Market Strategist: KC Mathews, Formerly of UMB

Posted August 17, 2023 KC Mathews has joined Commerce Trust, a division of Commerce Bank, as Chief Market Strategist, the company announced last week. Mathews comes to Commerce Trust after 21 years at UMB Bank where he recently served as… more

Commerce Bank Downgraded For Financial Risks

Posted August 10, 2023 Kansas City-based Commerce Bank, which has nearly 50 branch locations in the Kansas City, Lawrence, and St. Joseph area, is among 10 small-to-mid-sized banks whose credit ratings were downgraded by Moody’s. In a recent report from… more

These Regional Public Accounting Firms Make IPA 500 List

Posted August 10, 2023 Kansas City-based CPA firm Mayer Hoffman McCann PC joined with Cleveland-based CBIZ Inc. ranked among the top 100 accounting firms in the U.S. for net revenue, according to Inside Public Accounting’s Top 500 Firms list. The… more

SBA More Than Doubles Maximums For Home Disaster Loan Program

Posted August 10, 2023 The Small Business Administration is more than doubling the caps of its disaster loans, adjusting the amount of its loan program for the first time in 30 years. SBA key changes: Increase Loan Limits for Primary… more

Biden Administration M&A Reform Would Quadruple Work Hours & Paperwork

Posted August 3, 2023 Weeks before releasing the draft Merger Guidelines on July 19, the Federal Trade Commission (FTC) and Department of Justice announced an overhaul of the premerger notification process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 –… more

Academy Bank Joins Forces With SF Software Company, Addressing Market Demand

Posted August 3, 2023 Academy Bank has partnered with Treasury Prime to bring embedded finance services to their customer, according to the companies. According to the release, Treasury Prime, a leading embedded banking software company based in San Francisco, announced… more

Kansas City Federal Reserve Bank Next President: Jeffrey R. Schmid

Posted August 2, 2023 The Federal Reserve Bank of Kansas City’s Board of Directors announced Wednesday Jeffrey R. Schmid has been appointed president and CEO of the KCFRB, beginning August 21, 2023. Schmid has more than 40 years of banking… more

Unemployment Claims Gain A Slight Bump This Week

Posted August 3, 2023 Americans applying for unemployment benefits increased last week, causing a bump in weekly claims but the rate continues to maintain a low level in the job market, according to the U.S. Department of Labor report released… more

Fed’s New Interest Rates Reach 22-Year High

Posted July 27, 2023 The Federal Reserve announced Wednesday it will increase interest rates to 5.5 percent, a high rate not seen in 22 years. All members of the Federal Open Market Committee voted to raise the interest rate range… more