Banking & Financial Services
Wednesday night, Governor Laura Kelly signed a bill to protect Kansas cities from potential price surges in electricity bills caused by extremely cold temperatures in February. Senate Bill 88 establishes a $100 million low-interest loan program for municipal utilities facing…
more
Leaders from the Platte County, Missouri, R-3 School District will host an information session Thursday evening to answer questions about a no tax levy bond initiative on the April ballot. District leaders said the bond will not raise taxes within…
more
One of the Kansas City area’s top public companies experienced a record boost in annual earnings during COVID-19 lockdowns in 2020. Garmin Ltd. total revenue climbed to an impressive high near $4.2 billion by the end of 2020, an 11…
more
The acquisition of Waddell & Reed Financial Inc. in late 2020 is beginning to have a clearer impact after a Tuesday announcement confirmed the company will not be moving into a downtown Kansas City building intended to serve as Waddell’s…
more
The second month of the year brought in $455.9 million in total tax collections for Kansas. This was above the estimate for February collections, and above that of the same time last year, in Fiscal Year 2020. Kansas' February total…
more
Just two short months after launching a retirement calculation tool on its site, Leawood-based Blooom reports it has gained $1 billion in new assets. Founded in 2013, Blooom is an online Registered Investment Adviser that manages individual participant accounts and…
more
This week, Overland Park-based insurance services company, SelectQuote Inc., has made a secondary offering from three of its shareholders as well as the company’s top private equity backer, Connecticut-based Brookside Equity Partners LLC. The secondary offering aims to sell 10.6…
more
Previously held-back funding due to COVID-19 concerns was released in Missouri on Monday, March 1. The remainder of $438 million from the current state budget - around $281 million - was released on Monday, the majority of it to be…
more
The U.S. House of Representatives continues the debate on Biden’s $1.9 trillion coronavirus aid bill on Friday. If approved, the measure would send a new round of emergency financial aid to households, small businesses and state and local governments. Democrats…
more
On Monday, Missouri Gov. Mike Parson announced just short of $281 million in funding from previously restricted FY21 spending has been released. Approximately $280,783,940 is the remainder of approximately $438 million in FY21 spending that has been restricted, "to ensure…
more
