Banking & Financial Services

Rural Mainstreet Index shows majority of bankers expect decline in 2020 holiday sales

Compared to 2019, bankers expect 2020 retail sales to be down by 3.1 percent, according a Rural Mainstreet Index survey sent out to bank CEOs. The survey concluded that around 54.8 percent of bankers anticipate a reduction from 2019, while… more

Federal Reserve makes CRA asset-size threshold adjustments

The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act (CRA) regulations.… more

Ferrellgas Partners reaches bankruptcy deal with creditors

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Jackson County allocates remainder of CARES Act funding

With a little more than two weeks to spare, the Jackson County Legislature has finished allocating the last of the nearly $122.7 million it received in CARES Act money. The county offered a final breakdown Monday of the allocations, which… more

New financial assistance program offered to struggling small businesses in Missouri

Spire is offering a new financial assistance program for active, Missouri small businesses struggling due to the Covid-19 pandemic. “With 98% of small businesses impacted financially, the natural gas provider offers up to $500 in assistance,” states Spire’s news release. “Small… more

Sen. Hawley of Missouri reveals $1,200 stimulus check plan

Republican Sen. Josh Hawley unveiled a plan last week for another round of stimulus checks for millions of Americans. The Missouri senator modeled the new legislation after March’s CARES Act. His plan would provide $1,200 for individuals, $2,400 for couples… more

Parson signs off on $1.2B in added spending

Missouri Gov. Mike Parson announced Friday he has signed the more than $1.2 billion supplemental budget state lawmakers approved in special legislative session. Federal funds make up more than $1.17 billion of the almost $1.28 billion supplemental budget — with… more

Missouri to receive $346M for broadband projects from FCC

The Federal Communications Commission on Monday announced $9.2 billion in funding for rural broadband expansion projects, with about $346.3 million going toward projects in Missouri. Funds from the Rural Digital Opportunity Fund Phase I auction will be awarded to 180 companies over… more

Total weekly bankruptcy filings dip by 33.4 percent from 2019

Total Filings Total filings were down by 33.4 percent during the week ending December 6 compared to the same week in 2019. Once again, the largest decline involved chapter 13 filings, which were down by well over one-half from last… more

U.S. Department of Commerce grants $1.7M to Missouri town

U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Montgomery City, Mo. to construct a broadband fiber network to serve local businesses. The EDA grant, to be located… more