Banking & Financial Services


Waddell & Reed Laying Off 150 In Midst of HQ Relocation Plans

Overland Park-based Waddell & Reed is laying off about 150 people in its transactional-processing operations and will outsource those positions, the investment-management company's officials said during its second-quarter earnings call.  The layoffs and move toward outsourcing are expected to be… more

Stueve Siegel Chalks Up Huge Win in $1.5B Equifax Case

One of Ingram's Best Companies to Work might now be an even more attractive workplace. Law firm Stueve Siegel Hanson LLP, of Kansas City, was the lead counsel on a class action settlement by credit-reporting firm Equifax relating to a… more

Former UMB CEO Hagedorn Takes Valley National Job

[caption id="attachment_12279" align="alignleft" width="300"] Hagedorn in 2017.[/caption] Michael Hagedorn, the former president and chief executive officer of UMB Financial Corp., is now the chief financial officer of Valley National Bancorp, based in Wayne, N.J. Hagedorn unexpectedly left UMB last year… more

Expect More Jackson County Property Tax Appeals

Property owners in Jackson County now have until July 29 to filed a property tax assessment appeal with the county. The prior deadline was today.The county has already received in excess of 21,000 appeals to property assessments that, in some… more

Flooded Missouri Small Businesses Eligible for Fed Funds

The damaging floods in the region seem never ending this year, and property owners have certainly felt the pain.  For some small-business owners in the Kansas City, Mo., region, though, some of that might be abated. Non-farm and non-agricultural small… more

Academy Bank Parent Purchases KCB Bank

[caption id="attachment_22007" align="alignleft" width="480"] KCB Bank headquarters, in Kearney.[/caption] Academy Bank is growing in the Northland with the purchase off KCB Bank and its six branches there in various cities, as well as Bonner Springs. Dickinson Financial Corp. (DFC), Academy's… more

The 2019 Ingram’s 100: Food for Thought

Agribusiness-heavy at the top, the Ingram’s 100 list is remade after some of Kansas City’s largest private companies are acquired by national and global enterprises.        As if anyone needed evidence of Kansas City’s role in the worldwide… more

Regional Banking: On Solid Foundations

Earlier this year, a commentary in Forbes took note of how major national banks had a stranglehold on growth in that sector, wielding consumer-friendly tech tools to secure nearly half of all new deposit-account openings last year—despite having less than… more

Joe Close Promoted to President at Country Club Bank

Country Club Bank recently announced several executive personnel changes, the biggest being Joe Close's promotion to president, in an increasingly competitive Kansas City banking environment. Close, formerly Metro regional president and chair of the regional presidents' council, takes the title… more

Bank of Blue Valley Merging into Morrill & Janes

The parent companies of two prominent Johnson County banks, Morrill & Janes Bank and Trust Co. and Bank of Blue Valley, have reached a merger agreement that will allow M&J parent Heartland Financial USA to acquire Bank of Blue Valley.… more