Banking & Financial Services

Five Elms Capital Invests in TX Software Business

Overland Park-based Five Elms Capital, which invests in business-to-business software companies, has invested in an Austin, Texas-based SaaS firm. Though details about the investment amount were not released Fred Coulson, Five Elms' founder and managing partner, will take a board… more

KS, MO Fared Better Than Most States With PPP

Kansas and Missouri both did relatively well in receiving funds from the $350-billion Payroll Protection Program COVID-19 relief bill, at least compared to most states. Kansas came in nine per capita of all states for funding, while Missouri was ranked… more

Senate Passes New Aid Bill For Small Business

The U.S. Senate has passed a bill that would give another $484 billion to small businesses and hospitals. It's a move that was partially pushed by the Small Business Administration last week running out of $350 billion in funds that… more

Independent Mortgage Banks Had Strong ’19

Independent mortgage banks and mortgage subsidiaries of chartered banks saw their a major year-over-year bump in profit on each loan originated, according to the Mortgage Bakers Assication. The jump in profit rose to $1,470 on each loan from $367 the… more

Peoples Bank Buying Triumph Premium Finance

Kansas City-based Triumph Premium Finance, which provides financial services for customers to purchase property and casualty insurance products through a network of independent insurance agency customers across the country, is being acquired by Peoples Bank, based in Ohio. Triumph recorded… more

Cheesecake Factory Getting $200M Cash Infusion

Restaurant chain The Cheesecake Factory, with two prominent area locations, has received $200 million in financing from a private investment group. The company, based in California, has locations in the Country Club Plaza, as well as one on 119th Street… more

Waddell & Reed HQ Move Gets Final Council Approval

The city council of Kansas City recently gave final approval Waddell & Reed's headquarters move from Overland Park to Downtown Kansas City. In January, wealth-management firm signed a lease to go into a new 18-story 260,000-square-foot building at 1400 Baltimore… more

$450B More Might be On the Way for Small Businesses

There might be $450 million more on the way for small-business and hospital relief if the measure is approved by Congress. The Senate is scheduled to meet today, and the House could vote as early as Wednesday, according to an… more

Senator: PPP Pumped $4B Into KS Economy

A day after the new Paycheck Protection Program depleted its $349 billion allocation, Sen. Jerry Moran of Kansas said today he was hopeful Congress would move quickly to add more funding to help companies cash-strapped by the COVID-19 pandemic. “It… more

UMB Busy Processing Loans After PPP Stoppage

The Small Business Administration yesterday announced that its $349-billion Paycheck Protection Program has been wiped out. But at least one area lender is seeing an increase in loan allocation. UMB Bank has recently processed 3,000 applications totaling $1.4 billion. "It’s… more