Regional News
New U.S. home sales increased in April, up both from one month ago and one year ago, Zillow.com said today in its most recent monthly analysis. In a housing market where existing inventory is tight and affordability challenges are lurking…
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Unemployment rates for both Kansas and Missouri have remained unchanged as seen in their respective labor market reports for April 2023. The Kansas seasonally adjusted unemployment rate remains at 2.9 percent in April, while Missouri remains at 2.5 percent. …
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A new report assessing trends in regional banking shows that community banks continued to be hammered as consumers, spooked by recent failures of large national banks, continue to withdraw deposits. For a second straight month, checking deposits decreased to a…
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Kansas City financial tech company PayIt, which provides payment-processing services for state and local governments, has reached an agreement to acquire a Nashville company that delivers similar services for licensing and permitting functions of recreational activities like hunting and fishing.…
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As the shake-up in the nation’s mortgage lending sector continues, a Florida-based community bank says it has agreed to acquire the Overland Park mortgage operations of BNC National Bank. First Federal Bank of Lake City, Fla., announced the deal to…
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The effect of the economy and its grip continues to be felt through all markets, specifically in office and commercial real estate. Ingram's spoke with Aaron Mesmer, Principal-Acquisitions and Investment Sales at Block Real Estate Services to further investigate the…
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The ADP Research Institute has released results of a global survey of workplaces, and nearly half of American workers who responded believe they are underpaid. Three-fourths of them, however, are optimistic that they will receive raises this year. The institute,…
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Nearly three in five business executives say they anticipate that the U.S. economy will slip into recession this year, according to a new regional survey. But for a third straight month, the Creighton University Mid-America Business Conditions Index has expanded…
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The Federal Reserve Bank's latest update of the so-called Beige Book reports that total economic activity across the 10th District, based in Kansas City, declined slightly in March and April. The good news? Almost every business contact surveyed for the…
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In the aftermath of First Republic Bank’s collapse, we spoke with Paul Holewinski CEO of Academy Bank and Armed Forces Bank to gauge the financial Kansas City market. Q: Do you have any concerns about Washington stepping in to make…
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