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Banking & Financial Services

Chase Bank to add two new KC-area branches in 2021

Well-known brand has plans to continue its growth in the Kansas City metro, announcing its intention to open two additional JPMorgan Chase Bank locations in the area this year. There are currently four existing Chase Bank in Kansas City; one… more

In a Nutshell

Traditionally, new presidents get a 100-day “honeymoon” through April, but before we get too far into the new Biden administration, it’s worth noting where things stand with last month’s presidential transition. The previous four years, I believe, were remarkable for… more

Missouri to require return of overpaid jobless benefits

Missouri residents mistakenly paid unemployment benefits by the state could be required to pay that money back. Gov. Mike Parson said Thursday. The Missouri Department of Labor said the state has overpaid roughly $96 million in unemployment benefits between January… more

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