Local News


Year-Over-Year KC Home Listings Plunge

New-home listings in the Kansas City area plunged 35.7 percent year over year as of April 5, according to Zillow. That number exceeds the national average drop of 27.1 percent. It is a strong contrast to March 1, when they… more

Johnson County Enacts Furloughs, About $20M in Budget Cuts

Johnson County is furloughing 264 employees and will cut its fiscal year 2020 budget by $18.8 million and deferring another $2.3 million in expenditures for at least a year. The furloughed employees are in Johnson County government, the Johnson County… more

Parson Closes Schools for Remainder of Academic Year

Missouri Governor Mike Parson has closed schools in Missouri for the remainder of the 2019-2020 school year. The move follows a similar measure by Kansas Governor Laura Kelly back in March. Missouri schools are expected to continue to provide services… more

KCMO Issues $28M in Infrastructure Improvement Bonds

Kansas City has issued just under $27.79 million in improvement bonds  that would make infrastructure repairs to City Hall, Liberty Memorial, street reconstruction in the City Market area and parking garages. A $9.1-million portion would also be used to fund… more

Creative Planning Buys Wichita-Based Coe Financial

Overland Park-based Creative Planning has acquired Coe Financial Services, an RIA firm based in Wichita with $126 million in assets under management. The firm provides financial planning and investment-management services. Coe was founded in 1983 by managing director Richard Coe.… more

M&A Update: A Whole New World

A new update on the Kansas City M&A market issued by one of the leading firms in that space confirms what most might have anticipated: That space today is much different than just a month ago.  So concludes the leadership… more

Q&A with: Leslie Davis, True Peace Financial Solutions/AE Wealth

Leslie Davis is the owner of True Peace Financial Solutions in Overland Park, Kan., an affiliate of Topeka-based AE Wealth, which has more than $7 billion in assets under management. She talked about challenges in the investment market right now.… more

PPP Update

As the nation’s banks continue to fine-tune the Paycheck Protection Program implemented by Congress to help avert layoffs during the COVID-19 crises, today looms as a key date in phase II of the $349 billion program. As of this morning,… more

Beyond PPP

Banks have been quick to respond with customer-driven programs that may be forsaking short-term revenue gain, preserving the longer-term relationships that will be valuable once the recovery begins While the Small Business Administration is forgoing traditional loan structures with banks… more

UMB Revises Financial Forecast for 2020

A year that started on with a booming U.S. economy is now certain to include a recession. That’s the take-away from UMB Bank’s chief investment officer, KC Mathews, who has issued a 2020 economic forecast updated to reflect the impact… more