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Pioneer Financial faces coinciding executive turnover, regulatory woes

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The past year hasn't been very kind to Kansas City-based Pioneer Financial Services Inc., which lost two CEOs and set up a $13.5 million remediation fund after regulators questioned its business practices. Pioneer Financial is the military banking division of MidCountry Bank. It provides loans to help service members return home on leave or to cover the expenses of wounded service members and their families. It also provides more conventional loans and mortgages and has been a leader in providing…

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