If banks are the heart of an economy, then loans are the lifeblood, allowing people to purchase homes, automobiles and finance a business.
Loans also play a vital role in the health of banks. During a period of extremely low interest rates for government securities, good-quality loans help a bank earn more money and stay healthy. So competition for loans is fierce among the 135 banks with a presence in the Kansas City area.
RELATED: The five strongest banks in Kansas City (4Q 2013)
Overall, banks…
If banks are the heart of an economy, then loans are the lifeblood, allowing people to purchase homes, automobiles and finance a business.
Loans also play a vital role in the health of banks. During a period of extremely low interest rates for government securities, good-quality loans help a bank earn more money and stay healthy. So competition for loans is fierce among the 135 banks with a presence in the Kansas City area.
RELATED: The five strongest banks in Kansas City (4Q 2013)
Overall, banks…