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Hoenig will step down as FDIC vice chairman
Tom Hoenig announced that he will step down as vice chairman of the Federal Deposit Insurance Corp. effective April 30. Hoenig joined the FDIC board of directors in April 2012 and has served a full...
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Erise founder: U.S. Supreme Court just changed the ballgame for patent law
Eric Buresh, founder of Overland Park-based law firm Erise IP, said a recent U.S. Supreme Court decision was a big game-changer for patent law cases.
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Capitol Federal jumps into commercial banking with acquisition of area bank
Capitol Federal Financial Inc., the parent company of Capitol Federal Savings Bank, reached an agreement to acquire Capital City Bank for about $37.5 million in stock. The owners of Capital City Bank...
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Equity firm will pay $3B cash for company that bought The Mutual Fund Store
Financial Engines (Nasdaq: FNGN) reached an agreement to be acquired by private equity firm Hellman & Friedman in an all-cash deal worth $3.02 billion. The transaction is expected to close in the...
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Sales jump 30 percent, but Waddell & Reed still loses assets
Overland Park-based Waddell & Reed Financial Inc. saw its sales of mutual fund investments jump 30 percent in the past year, but the company continues to be plagued by high redemption rates that...
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KCK-based Brotherhood Bank looks to dominate $4T labor union market
Bank of Labor, which continues to do business as Brotherhood Bank & Trust in the Kansas City area, wants to become the premier bank for unions.
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10 years on, American Century's global expansion adds third office
American Century Investments just opened its sixth office, which is also its third office outside the United States. The new office is in Sydney, Australia. The Kansas City-based company also has...
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CapFed CEO: Acquisition will 'teach us the ropes' in commercial real estate
With the residential mortgage market stagnant, it makes sense that Capitol Federal Savings Bank would want to increase its business in the red-hot commercial real estate market.
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New York says NRA insurance program violated state law; Lockton settles...
Lockton Cos. LLC agreed to pay the New York Department of Financial Services (DFS) $7 million as part of a consent order for offering National Rifle Association "Carry Guard" insurance in violation of...
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Bank Midwest parent names new CFO
Brian Lilly, CFO and chief of mergers and acquisitions and strategy for Bank Midwest's parent company National Bank Holdings Corp., will retire and be replaced by Treasurer Aldis Birkans. Lilly joined...
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UMB sets up new specialty corporate trust office in Salt Lake City
UMB Financial Corp. set up its first operation in Salt Lake City, a specialty corporate trust office that will focus on aviation. This will be the second presence in Utah for the Kansas City-based bank...
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Champions of Business: Lead Bank
Ever since the Rowland family acquired Lead Bank in 2005, they’ve been pushing to modernize, expand and grow it. But growth is not an easy prospect in a market with 126 bank brands competing for...
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Lockton adds two to its executive committee in Kansas City
Lockton Cos. Inc. appointed Teresa Martin and Scott Fillmore to the executive committee for its Kansas City operation, where they will help set policy and strategy for its commercial insurance and...
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Local financial advisers top Barron’s Missouri, Kansas lists
The Kansas City area had nine financial advisers recognized by Barron’s magazine, including the those holding down the top spots for Kansas and Missouri. Michael Jefferies of UBS Financial Services in...
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A surprise leader emerges for the KC area's SBA loans
In its first full year in the Kansas City area, Core Bank made $14.8 million in Small Business Administration loans through the first half of the federal fiscal year — two times more than any other bank.
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Strange brew?: Boulevard and Strange Music collaborate on a new beer
Boulevard Brewing Co. teamed up with Lee's Summit-based Strange Music to create a new beer, called Bou Lou, that is inspired by a song by the label's artist and co-founder, Tech N9ne. The song “Caribou...
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Fire Door Solutions' new Nashville office should boost hospital business
Overland Park-based Fire Door Solutions opened a new office in Nashville, a hub for the health care industry, as it seeks become a premier provider of compliance solutions for hospitals. The new office...
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Serial entrepreneur taps crowdfunding to disrupt energy storage industry
Serial entrepreneur Kevin Williams of Kansas City developed a new power storage product called Wise Power and has a crowdfunding campaign to help bring it to market. Williams founded Kansas City-based...
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Ford shuts down KC plant after fire at key supplier
Ford Motor Co. halted production at Kansas City Assembly Plant in Claycomo from Monday through May 14 after a fire at a key supplier caused a parts shortage. The Meridian Lightweight Technologies plant...
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KC-area manufacturing company grooms founder's grandson for leadership
Cumulus Cos. Inc. promoted Jeff Cloud, grandson of company founder Forrest Cloud, as president of its largest subsidiary. Cumulus, formerly known as IBT Inc., was rebranded and reorganized in April. It...
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