Credit unions continue membership, loan growth; Missouri and Kansas lag
Lending is up 8.8 percent and membership reached an all-time high of 97.1 million at credit unions during the first quarter, according to the National Credit Union Association. The growth is even more...
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Education plays key role in Lawing Financial’s growth plan
Lawing Financial saw its assets under management increase 50 percent last year and is on pace to do it again this year, thanks to an unusual growth plan that leaves no stone unturned. The Overland...
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James Dornbrook: SelectQuote leader proves a catalyst for growth
Starting a new operation for SelectQuote Insurance Services in 2011, Tom Grant very quickly is turning the Kansas City operation into the largest in the entire company. The company’s Leawood office...
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James Dornbrook: UMB hopes aviation hire brings new lift to lending
UMB Financial Corp. hopes to give its lending a lift with a new focus on financing corporate aircraft. Craig Anderson, president of commercial banking at UMB, said the company has made loans to help...
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James Dornbrook: Simmons First, Citizens Bank jockey for position
Several banks made big moves in the Kansas City area during the past few weeks to try to position themselves better to compete in a market with 135 different brands. Two main strategies are unfolding:...
View ArticleWhat new SEC rules might mean for Kansas City
With the Securities and Exchange Commission outlining sweeping new regulatory changes to rein in high-frequency trading, Kansas City is going to share a bit of the spotlight with Wall Street. After...
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Locally developed Boulevardia app nears 2,000 downloads
Kansas City's newest festival, a craft beer, food and music event called Boulevardia, is bringing some high-tech toys to the party by launching its own smart phone application. Boulevardia is an event...
View ArticleSABMiller looks to crash the craft beer party
SABMiller, the second largest brewer on the planet by sales volume, recently announced that it plans to ramp up its activity in the premium market. SABMiller said it hopes to grab a market share well...
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After exiting business, Yowell returns to his entrepreneurial roots
Jeff Yowell is certainly having no problem keeping busy now that he's officially exited the marketing business he founded in 1992 and sold for millions in 2007. Yowell sold Datacore Marketing to a...
View ArticleSBA plans small business workshop for KC entrepreneurs
The U.S. Small Business Administration plans to host a small business workshop in partnership with the Federal Deposit Insurance Corp. and the Urban Financial Services Coalition that will provide...
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H&R Block touts annual profits as returns drop
H&R Block Financial Inc. experienced a nice boost in profits for fiscal year 2014, thanks to increased fees from tax preparation and financial services products. The Kansas City-based tax preparer...
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Palmer Square invests in $457M loan package
Mission Woods-based Palmer Square Capital Management LLC announced that it closed on an investment loan package worth $475 million. The collateralized loan obligation (CLO), which is the third closed...
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H&R Block adapts and overcomes, CEO Cobb says
H&R Block CEO Bill Cobb is a happy man these days, after seeing his company overcome several challenges and post a 9.5 percent increase in earnings for the fiscal year that ended April 30. The...
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New-to-KC accounting firm will merge to form agricultural powerhouse
Kennedy and Coe LLC announced it will merge with Matson and Isom of Chico, Calif., to form a new company that will eventually take a new name. Once merged, the firm will be the nation's largest...
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UMB's Wendel will call it a career
After a 44-year career in financial services, Clyde Wendel plans to retire July 1 from his role as vice chairman of UMB Bank and CEO of Global Asset Management at parent company UMB Financial Corp....
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Mavericks bring NHL 'Star' power to town
The Missouri Mavericks, a minor league hockey team based in Independence, hired a new head coach with 14 years of experience as a player in the National Hockey League. Richard Matvichuk was a...
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Reverse Mergers: Shortcut comes with cautions about risks
With reverse mergers gaining popularity in the Kansas City area as a way to gain access to the public markets, it’s important for investors to understand the risks and perform appropriate due diligence...
View ArticleReverse Mergers: From ice cream to dirt bikes, a timeline
This timeline sets forth how Frozen Food Gift Group went from selling personalized treats to being owned by APT Group Inc. and selling dirt bikes and engine components. Like many businesses that pursue...
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Reverse Mergers: Capital-raising tactic makes a comeback
Chances are good that you’ve never heard of eMONEco Inc., though it’s one of the newest public companies in the Kansas City area. That’s because the mobile financial services company didn’t enter the...
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Newsmaker: Crestwood Midstream’s Gautreaux isn’t a paint-by-numbers guy
Bill Gautreaux’s career has followed unexpected twists and turns as he became one of the founders of Inergy LP and the current president of the liquids and crude business unit for Crestwood Midstream...
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