MGP annual meeting delayed again
The Court of Appeals of the State of Kansas granted a petition to postpone the annual meeting of MGP Ingredients for a second time. It a twist of irony, the Cray Group -- which represents the founding...
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Bank of Weston president Elsea retires
Jeff Elsea, president of Bank of Weston, will retire on Aug. 31 after 38 years at the bank. Elsea worked his way up from teller to president of the bank. He has a bachelor's degree in education from...
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SEC may expedite BATS merger approval
Thomas Caldwell has invested in stock exchanges around the world for decades, and he thinks the Securities and Exchange Commission won't wait very long to approve the merger of BATS Global Markets and...
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Chiefs give sneak peek to local business leaders
The Kansas City Chiefs joined members of the business community to celebrate the upcoming start of the National Football League season at the 2013 Chiefs Kickoff Luncheon to benefit the Greater Kansas...
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KC-area advisers rank No. 1 and 2 on Barron's national list
Peter Mallouk, president of Overland Park-based Creative Planning Inc., and Marty Bicknell of Mariner Wealth Advisors were named No. 1 and 2, respectively, on the Barron’s magazine list of Top 100...
View ArticleAnalyst boosts outlook on UMB
Improved profitability at Scout Investments led Sterne Agee analyst Peyton Green to boost his earnings estimates for UMB Financial, the parent company of Scout and UMB Bank. Green estimates that...
View ArticleKansas City enjoys lower-than-average auto loan rates
The average interest rate charged on new auto loans in the Kansas City area is lower than the state average, according to a study by GoBankingRates. Kansas City enjoys an average interest rate of 3.31...
View ArticleNew Lead Bank program supports women business owners
Lead Bank launched the Women In Business Initiative to assist women starting their own businesses or trying to boost the growth of an existing businesses. Lead Bank launched an effort to help...
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Entrepreneur: Cycling company learns to change gears quickly, wheel toward...
Like most successful entrepreneurs, Jeff Williams knows how to adapt to change. He started his business career in 2005 as a loan consultant at Fortress Lending. It was the high point for mortgage...
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James Dornbrook: BATS deal creates ‘credible competitor’ to NYSE, Nasdaq
The proposed merger between BATS Global Markets and Direct Edge Holding Corp. would create the second-largest U.S. exchange, and that volume is key to the combined entity’s future growth. Scale is...
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Bank earnings continue to rise, reach $42 billion
Bank earnings nationwide rose to $42.2 billion in the second quarter, up 22.6 percent from a year ago, according to the Federal Deposit Insurance Corp. Bank earnings registered a year-over-year...
View ArticleChiefs add vice president of business development
The Kansas City Chiefs filled their newly created position of vice president of business development by hiring Tyler Epp. Epp will be making calls throughout the business community to establish...
View ArticleBMO Harris nabs two vice presidents from UMB
BMO Harris Bank recently hired Jared Summerville and Bradley Crosser as vice presidents to run its downtown Kansas City branch and Briarcliff Village banking centers, respectively. Summerville knows...
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Arvest Bank unveils next stage in march on Downtown
Arvest Bank bought the naming rights for the Midland Theatre in downtown Kansas City for an undisclosed amount. The theater at 1228 Main St. will take the new name of Arvest Bank Theatre at The Midland...
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Kansas City Shock moves forward on Smithville soccer complex
Women's soccer team owner Kansas City Shock LLC now owsn 101 acres of land in a rural area near Smithville, Mo., where it plans to construct a community soccer facility. The Kansas City Shock is part...
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ATK acquires Bushnell for $985M
Alliant Techsystems Inc. (ATK) announced Thursday that it acquired Bushnell Group Holdings Inc. from MidOcean Partners for $985 million. Overland Park-based Bushnell has about 1,100 employees around...
View ArticleUMB Bank loses $1 billion customer
UMB Financial Corp. announced Thursday that a client is expected to move about $1.08 billion in deposits out of UMB Bank and into another depository institution within the next 120 days. UMB made the...
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Made in KC auto sales surge in August
Every vehicle produced in Kansas City saw its sales jump dramatically in August. The Ford F-Series logged August sales of 71,115, up 22 percent from a year ago, its 25th consecutive monthly increase....
View ArticleUMB's loss of billion-dollar client is far from fatal
Although the loss of a client with a $1.08 billion deposit probably is certain to cause discussions at UMB Bank, it's doubtful the situation will harm the bank in the long run. UMB remains one of the...
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James Dornbrook: Leawood neighbors go No. 1 and 2 on Barron’s list
It was interesting to see that the only two Kansas City area advisers on the Barron’s magazine list of Top 100 Independent Advisers for 2013 earned the No. 1 and No. 2 spots. Even more interesting is...
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