Platte County

UMB Distribution Services, LLC to be Acquired by ACA Group

Posted May 30, 2024 Updated at 4:47 p.m., May 30, 2024 UMB Distribution Services, LLC, a subsidiary of UMB Financial Corporation, is being acquired with the deal expected to close in the fourth quarter. ACA Group announced it plans to… more

First Federal Bank of Kansas City Restructures to Access New Avenues to Raise Capital

Posted May 30, 2024 Leawood-based First Federal Bank of Kansas City reorganized its corporate structure resulting in the formation of a new mutual holding company called Cosperity Bancorp, Inc. As a result of the restructuring, First Federal Bank is now… more

Fed Beige Book: CRE Loan Demand Declines Due to Costs

Posted May 30, 2024 The Federal Reserve Board released the Beige Book for May indicating moderate growth in the Tenth District and banks anticipate diminishing demand for commercial real estate loans. The Tenth District, or the Federal Reserve Bank of… more

Netrality Opens Data Center in Shawnee, Leaves Room for Future Expansion

Posted May 28, 2024 Netrality Data Centers opened its 175,000-square-foot data center in Shawnee. The KC2-7801 facility spans three acres and can support five megawatts of critical capacity, with future expansion up to 12 megawatts. Netrality operates another facility in… more

Bank Midwest Names Charlie Koch as New President

Posted May 23, 2024 Bank Midwest, a division of NBH Bank, announced the appointment of Charlie Koch as its new president, effective June 15, 2024. Koch succeeds Nicole Van Denabeele, who joined NBH Bank in 2018 as chief accounting officer… more

Evergy to Add More Wind, Solar Generation to Meet Electricity Needs

Posted May 21, 2024 Kansas City-based Evergy is expecting to increase electricity generation by 1,900 additional megawatts as part of its 2024 resource plan, citing economic growth and higher demand for electricity needs for the approach. Evergy filed its 2024… more

Platte County Approves Two Ballot Questions for Detention Center Expansion

Posted May 21, 2024 Platte County Commissioners have unanimously approved two questions regarding an $85 million jail renovation and expansion, which residents will vote on in the upcoming August 6 ballot. Platte County Commissioners voted to approve the two ballot… more

Historic Weld Wheel Building Demolished for West Bottoms Redevelopment

Posted May 21, 2024 The Weld Wheel Building, located in the West Bottoms was demolished on Sunday as part of a $526.7 million redevelopment project. The demolition took place just after 7 a.m. on Sunday. The building was outfitted with… more

CJ Logistics Opening Cold-Storage Facility in New Century, Kansas

Posted May 20, 2024 Des Plaines, Illinois-based CJ Logistics will open a new cold storage warehouse in Kansas that is projected to open in 2025. CJ Logistics America will open a new 291,000-square-foot cold storage warehouse in New Century, Kansas,… more

Region Economy Survey Shows Dwindling Farmland Prices

Posted May 20, 2024 Creighton University released its Rural Mainstreet Index (RMI) report for April, showing a dip into negative territory for the ninth month in a row. The region’s overall reading for May fell to 44.2 from 45.8 in… more