Santa Fe Brewing hopes new beer bottles up KC tastes
Santa Fe Brewing Co. announced that it entered into a collaboration with Central States Beverage Co. to launch a beer developed specifically with the Kansas City market in mind. The new beer, Imperial...
View ArticleKC Fed chief wants to slow central bank's securities purchases immediately
Esther George, president of the Federal Reserve Bank of Kansas City, said she would like to immediately start slowing down the rate that the central bank is purchasing mortgage-backed securities and...
View ArticleUMB plans to sell equity to raise about $250M
UMB Financial Corp. announced today that it plans to offer 3.9 million shares of common stock, plus an optional 585,000 shares for the underwriters. The Kansas City-based holding company (Nasdaq: UMBF)...
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Analyst drops outlook on UMB
Analyst Peyton Green of Sterne Agee dropped his outlook for UMB Financial Corp. stock by $4 a share. The analyst cited dilution from the Kansas City-based company (Nasdaq: UMBF) recently offering 3.9...
View ArticleSimmons First National adds $1B in assets, gets 47% bigger
Simmons First National Corp. announced late on Monday that it acquired Metropolitan National Bank through a bidding process overseen by the U.S. Bankruptcy Court in Arkansas. The acquisition of...
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Lockton hits $1B in revenue, keeps advancing on many fronts
For 47 years in a row, Lockton Cos. Inc. has increased its revenue, but the most recent fiscal year was a little more special: the company surpassed $1 billion. Founded in Kansas City in 1966 by Jack...
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UMB prices common stock offering, expects $40M less
UMB Financial Corp. announced late Tuesday that the offering of 3.9 million shares of common stock will be priced at $54 a share, raising $210.6 million. Along with 585,000 shares granted as an option...
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Chinnery steps into leadership for Missouri Bankers Association
David Chinnery, CEO of Adams Dairy Bank in Blue Springs, took two separate leadership positions with the Missouri Bankers Association. Chinnery was elected to the Missouri Bankers Association board of...
View ArticleKCK picks up distribution center
Bender Group announced it opened a 50,296 square-foot distribution center in the Armourdale District of Kansas City, Kan. This is the first foray into the Midwest for Bender Group. Along with its...
View ArticleChiefs wire Arrowhead for Wi-Fi, launch new app
The Kansas City Chiefs announced Wednesday that they installed a new stadium-wide Wi-Fi network, Arrowhead Wi-Fi, and launched a new Chiefs Mobile application for Apple and Android phones. The new...
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Bank of the Prairie hunts for growth
Freed of a consent order and led by a new CEO, Bank of the Prairie once again is focused on growth instead of fixing problems. Bank of the Prairie was placed under a regulatory order by the Federal...
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James Dornbrook: Midland is latest stage for Arvest’s Downtown script
It’s been interesting to watch Arvest Bank advance its presence in downtown Kansas City, given the difficulties in establishing a foothold in the area. Arvest’s latest move was acquiring the naming...
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Ford delivers: New Transit van carries payload of jobs, growth
It will be another six to nine months before Ford Motor Co. revs up its newly installed production line for the all-new Transit van. But if you listen closely, you can hear the area’s next big economic...
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Ford delivers: Transit’s versatility lures crowd of collateral business
The addition of the Transit production line at Ford Motor Co.’s Kansas City Assembly Plant will ripple through the local economy. For proof, look at what has happened since the automaker picked a...
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Are you getting the best checking account deal in Kansas City?
The era of practically every bank offering free checking is over. Today, the current average monthly fees on checking accounts nationwide has reached $12.43, up 35 cents from a year ago. Given that...
View ArticleBATS has front-row seat in SEC market safety discussion
The Securities and Exchange Commission met with leaders of U.S. stock and options exchanges on Thursday to discuss improving continuity and safety in the markets, in the wake of the Aug. 22...
View ArticleKC Southern exec: Jump on the Mexico trade train
Kansas City Southern Railway Co. — an operation that should know — warns that no business owner or executive should ignore Mexico's burgeoning importance as a trading partner. That was the main message...
View ArticleEnterprise Financial continues shuffling executives
Enterprise Financial Services Corp., the parent of Enterprise Bank, named Keene Turner as its new Chief Financial Officer effective Oct. 14. Turner replaces Frank Sanfilippo, who was recently named...
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Gen X, Gen Y millionaires live — and give — large
Gen X and Gen Y millionaires exhibit vastly different behaviors toward wealth than their baby boomer predecessors, according to a new study by Fidelity Investments. For one, Gen X/Y millionaires are...
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Bank of Kansas City hires new commercial banking manager
Bank of Kansas City named Charles Hunter as its new manager of commercial banking. Hunter spent the last 30 years working for Bank of America and its predecessors, most recently as a senior vice...
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