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Banking & Financial Services

First National Bank of Omaha awards grants to four Kansas City area organizations

First National Bank of Omaha (FNBO), a subsidiary of First National of Nebraska, has awarded $895,000 in workforce stability grants to organizations in six different states, including four on the Kansas side of the Kansas City metro. Of the total… more

FDIC data on PPP reveals Kansas City banks injected billions locally

According to data from the Federal Deposit Insurance Corp. (FDIC), which holds a record on the amount of Paycheck Protection Program (PPP) loans made by banks nationwide, shows that Kansas City area bank put billions back into the local economy… more

September Beige Book report may dispel notions of V-shaped recovery

The release of the Federal Reserve Bank’s September Beige Book report this week might dispel any notions of a sharp V-shaped recovery from the COVID-19 pandemic. While it notes significant economic growth in some sectors of the 10th District that… more

H&R Block adds two executives to senior leadership team

This week H&R Block announced the addition of two executives to the senior leadership team to fill the roles of Chief Product and Experience Officer and Chief Financial Services Officer. Joining the list of executives are Julius Lai and Les Whiting as chief… more

Bankruptcy filings for week ending August show largest decline since May

For those following bankruptcy trends in one of the hardest years ever to confront small business, there was both good news and a caveat this week from the American Bankruptcy Institute. The good news? The 9,923 bankruptcy filings for the… more

Kansas collects more in August taxes than projected

On Tuesday, Kansas Gov. Laura Kelly announced that the state has brought in more taxes for August than originally projected. In the second month of the fiscal year, total tax collections have been performing above estimates, August collections coming in… more

Missouri receives over $4 million in CARES Act funding for small businesses

With help from federal funding, Missouri will be able to further help businesses and entrepreneurs affected by COVID-19. On Friday, U.S. Department of Commerce Secretary Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $4.8 million in… more

Kansas to seek to provide extra benefits to jobless workers

TOPEKA, Kan. (AP) — Kansas will apply to participate in a federal program that provides additional benefits to workers who have lost their jobs because of the coronavirus pandemic, Gov. Laura Kelly said Thursday. Kelly’s announcement came less than two… more

Federal bank regulatory agencies finalize three rules

On Wednesday, the Board of Governors of the Federal Reserve System released a statement that the federal bank regulatory agencies finalized three rules. Each rule is said to be either identical or very similar to interim final rules currently in… more

Over 7,000 businesses, nonprofits apply for Kansas SPARK grant funds

On Thursday, the state of Kansas revealed that 7,000 applications have rolled in from businesses and nonprofits for the Strengthening People and Revitalizing Kansas (SPARK) Economic Development and Connectivity grant application. Of the 7,000 applications, more than 5,000 were for… more