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NBH plans to repurchase 4.7M shares
National Bank Holdings Corp., the parent of Bank Midwest, said it expects to repurchase 4.7 million shares of its stock at $21.40 a share, spending about $100 million total. That's a huge repurchase,...
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KC Police Credit Union takes a new name
To better reflect a membership that is from the entire Kansas City metropolitan area, the K.C. Police Credit Union will change its name to the Greater KC Public Safety Credit Union. The credit union...
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KC Fed finds itself at the center of marijuana debate
The Federal Reserve Bank of Kansas City finds itself in the middle of a heated debate about the legalization of marijuana, as the target of a lawsuit filed by a credit union seeking to serve the...
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Grandview staffing firm owner pleads guilty to $493K tax fraud
Joseph Balano, owner of Grandview-based Staffing Connections, pleaded guilty to a $493,000 tax fraud. Balano admitted to collecting about $260,000 in employment taxes from this employees, then failing...
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Ex-CEO fires back against Sporting Innovations
Sporting Innovations' lawsuit against Asim Pasha, company co-founder and former CEO, took a new twist on Monday after a response and counterclaim were filed disputing claims that he secretly plotted to...
View ArticleBushnell owner acquires CamelBak Products
Overland Park-based Vista Outdoor Inc., the parent company for Bushnell Outdoor Products, announced that it acquired CamelBak Products LLC for $412.5 million. CamelBak is a provider of personal...
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Bank Midwest parent adds Colorado bank to the fold
National Bank Holdings Corp., the parent of Bank Midwest, announced that it completed the acquisition of Pine River Bank Corp. in Colorado. The deal, which was announced in January, is valued at about...
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Sporting Innovations contractor says it's caught in legal crossfire
Vernalis Group Inc., a technology contractor, filed a motion to dismiss a lawsuit against it alleging that it conspired with former Sporting Innovations co-CEO Asim Pasha to steal business and trade...
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American Century launches alternative investments brand
Kansas City-based American Century Investments announced the expansion of its line of alternative mutual funds and the creation of a new brand to house them all. The new AC Alternatives suite of mutual...
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After long delay, regulators approve H&R Block Bank sale
H&R Block Inc. has won regulatory approval to sell H&R Block Bank to BofI Federal Bank and expects to close the deal no later than Sept. 30. The announcement is a huge milestone in the 15...
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H&R Block dishes on bank sale, but only offers a taste
Although the juiciest details outlining the H&R Block Bank sale to BofI Federal Bank won't be shared until the deal closes, H&R Block Inc. did share enough tidbits to give investors and...
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Byron Thompson leaves legacy in banking, health care, education
Bryon Thompson, an investment banker and chairman of Kansas City-based Country Club Bank, died peacefully at his home at age 83. Thompson was the patriarch of a family with 11 children, including four...
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Bank of Blue Valley escapes from TARP debt
Blue Valley Ban Corp., the holding company for Bank of Blue Valley, received regulatory approval to pay back the debt it incurred from the Troubled Asset Relief Program. The Overland Park company...
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Hendrick's three-year investment in KC reaches $58M
Hendrick Automotive Group is betting big that Kansas City will be a great growth market for automobile dealerships, pumping $58 million into the area since 2012. In the past 12 months, the company has...
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Legal Briefs: Sporting Innovations, Pasha get ready to rumble
The lawsuit between Sporting Innovations and former CEO Asim Pasha has all the makings of a title fight. In one corner, you have Sporting Club CEO Robb Heineman, co-founder and CEO of Sporting...
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On The Money: Efficiency, not danger, drives UMB cuts
UMB Financial Corp. gathered a lot of attention recently when Chairman Mariner Kemper said the bank has been combining departments and laying off executives in an effort to create efficiency....
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CommunityAmerica now has female chair, CEO
The board of directors for CommunityAmerica Credit Union elected Colleen Browne as its new chairwoman, pairing her up with new CEO Lisa Ginter. Browne takes over from Brad Douglas of Alliance Benefits...
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BATS gets green light for new options market offering
The Securities and Exchange Commission has approved a new BATS options market, which will launch on Nov. 2. BATS has been trading options for about five years on a platform recently renamed BZX...
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UMB hires former IBM exec as chief information officer
Kansas City-based UMB Financial Corp., the holding company for UMB Bank, announced that it hired Jig Patel as its new executive vice president and chief information officer. Patel will be responsible...
View ArticleHovey Williams named busiest trademark firm in Kansas, Missouri
An industry trade magazine called Intellectual Property Today ranked Overland Park-based Hovey Williams 23rd in the nation for number of trademarks issued in 2014. Founded in 1929, Hovey Williams LLP...
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