Banking & Financial Services

USDOT Partners With KCMO To Study Finance For $15B In Infrastructure Projects

Posted October 26, 2023 The U.S. Department of Transportation has partnered with Kansas City to enhance innovative delivery and finance infrastructure improvements through an agreement that will support billions of dollars. The Emerging Projects Agreement focuses on Kansas City’s $15… more

Average American’s Net Worth Rises In Part To Higher Home, Stock Prices

Posted October 26, 2023 The Federal Reserve's Survey of Consumer Finances data shows net worth for multiple age groups increased by 37 percent between 2019 and 2022. The substantial increase showed mostly for age groups under the age of 35… more

JPMorgan Supports 60/40 Investments Despite Higher Interest Rates

Posted October 19, 2023 The investment strategy for the 60/40 portfolio isn't dead, regardless of being stressed since the pandemic, and is a better investment strategy than cash over the next decade, according to JPMorgan Asset Management. The 60/40 portfolio… more

Fed Beige Book; Bankers On ‘Loan Diet’ As Credit Quality Expected To Drop

Posted October 19, 2023 The Federal Reserve Board released its latest Beige Book report which shows Kansas City and the Tenth District are experiencing a “loan diet” as the bankers are still adjusting to real estate and industrial sectors. The… more

Q&A With Tim Petty

Posted October 12, 2023 Q: What do you consider your organization’s most significant achievement or highlight over the past year? A: In times of great change, it is so important to be in a position of strength. Our clients have… more

First Federal Bank Adds Schuyler Vaughan As VP of Mortgage Banking

Posted October 12, 2023 The First Federal Bank of Kansas City announced it has hired Schuyler Vaughan as its Senior Vice President of Mortgage Banking Vaughan brings 27 years of experience to the mortgage lending service and will lead the… more

Social Security Cost-Of-Living Adjustment Increases To 3.2% in 2024

Posted October 12, 2023 Social Security beneficiaries will see a 3.2 percent increase in their benefits in 2024, according to an announcement made by the Social Security Administration on Thursday. On average, beneficiaries will see an increase of more than… more

KC Fed COO Kelly Dubber To Retire After 38 Years

Posted October 11, 2023 The Federal Reserve Bank of Kansas City announced last week its COO Kelly Dubbert will retire effective Feb. 29, 2024. Dubbert will be leaving after a 38-year-long career with the bank. He was appointed the role… more

Small Business Lending Demand On Decline, KC Fed Survey

Posted October 5, 2023 Small business commercial and industrial lending continued to decline in the second quarter, decreasing 16.8 percent year-over-year and down 1.2 percent from Q1 2023, according to the Federal Reserve Bank of Kansas City. The Fed released… more

The 10-year Treasury Yield Increases To 4.80%, Highest In 16-years

Posted October 5, 2023 The 10-year Treasury yield, a common measurement for core inflation and mortgage rates, struck its highest point since 2007 on Tuesday. The yield reached a high point of 4.804 percent on Tuesday. In addition, the 30-year… more