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Banking & Financial Services

Q&A with Mark Jorgenson

Q: Has the election season started to impact bank lending or borrower inquiries? A: There has been no visible effect at this point, although anything that contributes to a feeling of uncertainty will undoubtedly cause some borrowers to put off… more

Enterprise Financial Services Corp to acquire Seacoast Commerce Banc Holdings

ST. LOUIS, MO. and SAN DIEGO, CA. (Enterprise Bank & Trust) — Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company,” “EFSC,” “Enterprise,” “we,” “us,” or “our”), the holding company of Enterprise Bank & Trust (“EB&T”), and Seacoast Commerce Banc Holdings… more

SBA offers disaster assistance to Missouri businesses, residents

SACRAMENTO, Calif. – Low-interest federal disaster loans are available to Missouri businesses and residents affected by severe storms, flooding and flash flooding that occurred July 19-20, 2020, announced Administrator Jovita Carranza of the U.S. Small Business Administration. SBA acted under its own… more

Kansas City, Mo. City Council meets to discuss city staff furloughs

This afternoon the Kansas City, Missouri, City Council met to discuss and decide whether city staff members will be asked to take furloughs. The proposal came about due to financial strain on the city budget caused by COVID-19. Proposed cuts… more

August Rural Mainstreet Index

OMAHA, Neb. (Aug. 20, 2020) – The Creighton University Rural Mainstreet Index (RMI) increased slightly to a weak level from July’s frail reading. According to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on… more

Applications for second round of CARES Act funding in Kansas to open next week

TOPEKA (Kansas Office of the Governor) – Governor Laura Kelly has announced businesses will soon be able to apply for a total of more than $130 million in grants to serve those most affected by the pandemic and for companies that… more

Treasury Secretary Mnuchin says $400 weekly benefit to be distributed soon

This past Saturday, President Trump signed an executive action that is soon scheduled to take effect in each state, the action set to provide an extra $400 per week in unemployment benefits to Americans. A White House press briefing on… more

Federal government awards $132.9 billion to small businesses, exceeds goals

WASHINGTON (U.S. Small Business Administration) – Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12 billion… more

Creative Planning acquires Lenox Wealth

With the acquisition of Lenox Wealth Management in Cincinnati, Overland Park-based Creative Planning has added $600 million in assets to its now overall $50 billion. The move marks Creative Planning’s 10th acquisition over the last two years. “Creative Planning has… more

Missouri receives $6.2 million investment from U.S. Department of Commerce

WASHINGTON (U.S. Department of Commerce) – Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $6.2 million in CARES Act Recovery Assistance grants to 16 EDA Economic Development District organizations across Missouri… more