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Banking & Financial Services

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

June Homes Sales Compare Well To A Year Ago

Posted July 27, 2023 June sales for new U.S. single-family homes decreased following a three-month increase trend, however, the availability of new homes could mean a looser grip on the market for buyers seeking affordability. Singal-family homes experienced sales of… more

GDP Tops Estimate and Rises to 2.4 Percent in Q2 2023

Posted July 27, 2023 The U.S. economy’s gross domestic product increased at a 2.4 percent annualized rate for the second quarter, according to the Commerce Department. The department reported Thursday the recent rate while economy experts from Dow Jones expected… more

Regional Rural Mainstreet Index Drops for July

Posted July 20, 2023 Creighton University released its Rural Mainstreet Index (RMI) report for July suggesting the two-state region experienced similar drops in the month. The Kansas RMI for July decreased to 55.2 from June’s 55.3. KS farmland-price index climbed… more

V Wealth Merges With Las Vegas-based Wealth Consulting Group

Posted July 20, 2023 Financial advising group V Wealth, based in Overland Park, merged with Wealth Consulting Group, a hybrid RIA firm headquartered in Las Vegas, raising the buyer's assets in the billions. The merger with V Wealth—advising more than… more

UMB Appoints New President of Institutional Banking

Posted July 20, 2023 UMB announced Tuesday the former director of Healthcare Services, Phil Mason, will be the new president of Institutional Banking for the financial corporation. Mason has 18 years of experience under UMB and has worked closely with… more

KC Fed Bank; Little Change in Economic Activity for June

The Federal Reserve Bank released its June Beige Book Wednesday, indicating the Kansas City district remained flat in economic growth. The level of economic activity across Kansas City changed little during June, with a mix in performance across segments, according… more