Banking & Financial Services
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…
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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…
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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…
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The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15,…
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Overall economic activity across the Federal Reserve districts reported economic activity increased modestly since the previous Beige Book period, although conditions remained varied. Two districts reported little or no change in activity, while two others noted a decline. Reports on…
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A plan in the works since October 2020, U.S. Bank closures nationwide have now swept the Kansas City metro, U.S. Bancorp now no longer holding the largest branch network in the area. U.S. Bank closed six Kansas City-area branches on…
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Kansas Gov. Laura Kelly has announced the Fiscal Year 2022 Kansas Budget to protect the fiscal foundation of the state and kickstart its economic recovery. Kelly said she has announced her third budget recommendation for the State of Kansas. She…
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Ferrellgas Partners LP, a holding company of Ferrellgas LP, has filed prepackaged Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the District of Delaware. Headquartered on the Kansas side of the metro, the prepackaged bankruptcy plan will help…
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Missouri Gov. Mike Parson announced the allocation of $68 million in federal funds to help universities address major repairs and building restoration projects. Parson also unlocked $127 million in state funding that previously been restricted due to the Covid-19 pandemic and…
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