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Back from the Brink: Bold gamble pays off for NBH, Dickinson
It was July 2009. Bear Stearns, Lehman Brothers and Washington Mutual all had failed the previous year, and prospects weren’t looking much better for Kansas City’s Bank Midwest. Bank Midwest’s loan...
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Legal Briefs: The slippery slope of extortion
A recent story about an Overland Park man who got extorted for $3 million offers a cautionary tale about how easy it is even for a savvy business owner to find real trouble by making several poor...
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Back from the Brink: Walking up to a banking crisis
Bank Midwest and Dickinson Financial Corp. both exist today despite the horrid banking crisis and because of a bold and unique agreement. But what led up to the deal that Dickinson CEO Paul Holewinski...
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Exec: Enterprise's risky deal for Olathe bank delivers rewards
First National Bank of Olathe was one of the largest and most troubled banks in the Kansas City area, but the risk Enterprise Bank & Trust took in acquiring the assets after the bank failed in 2011...
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Gift from developer's employees leads to fire, lawsuit
Jason Townsend, owner of high-end real estate development firm Townsend Inc., is in the midst of a legal battle over a fire caused by a submersible aquarium tank heater that was part of a gift from...
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Ford, GM may use offshoring as leverage in UAW talks
The timing of General Motors pondering the importation of a Chinese-built Buick crossover vehicle and Ford Motor Co. moving some production out of the U.S. isn't being lost on the United Auto Workers....
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Experts: Take a breath — market plunge isn't as bad as it seems
Concerns about a sharp decline in the Chinese markets led to a sell-off panic in the U.S. on Monday morning as the Dow Jones Industrials lost 1,089 points, the largest one-day point drop in history,...
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Counterclaim accuses Lawing Financial of impropriety
Nadia Cavner filed an explosive counterclaim against Overland Park-based Lawing Financial Inc., which acquired her firm Nadia Cavner Group in Springfield, Mo., and later sued her for interfering with...
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Grand jury indicts local man for $250K embezzlement
A federal grand jury has indicted John Kruse on five counts stemming from an investigation into a wire fraud scheme involving embezzlement of nearly $250,000 from BCC Merchant Solutions Inc. in North...
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KC Bier embarks on $1.2M expansion, including bottling line
KC Bier Co.'s growth has far exceeded the expectations of founder Steve Holle, reaching the point where needs to launch a big expansion project. Based in Kansas City's Waldo neighborhood, the...
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Contentious ECCO Select lawsuit ends with settlement
Jeannette Prenger will regain complete control of ECCO Select Corp. as part of the terms of a settlement agreement in a lawsuit filed against the company's former COO Elizabeth DeZeeuw and former CFO...
View ArticleAgspring rounds out its leadership team with industry vets
Leawood-based Agspring LLC announced that it hired three grain industry veterans to lead its operations. In the past two years, Agspring has acquired several major grain operations across the U.S. and...
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Jury awards JJ's Restaurant $5.9M for gas explosion
A Jackson County jury awarded $5.9 million in damages stemming from a gas main explosion on Feb. 19, 2013, at JJ's Restaurant in Kansas City that destroyed the building, killed one person and injured...
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On the Money: All investing eyes turn to China
When it comes to investing, all eyes in the United States have been on China,now that its economic turmoil of the past three months has started to roil the U.S. stock market. China’s stock market...
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The Mutual Fund Store: 'We're busting at the seams'
The Mutual Fund Store's decision to move its headquarters to Corporate Woods was done out of necessity: It's out of space in its current location at College Boulevard and Metcalf Avenue in Overland...
View ArticleIndictment targets Regal Homes co-owner in fraud
A federal grand jury has indicted Gregory Evans, co-owner of Regal Homes LLC, for a wire fraud scheme that involved stealing more than $125,000 from a retiree who wanted to renovate homes in the inner...
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Sporting KC president: Growth spurred need for new HQ [PHOTOS]
Sporting Kansas City has a new headquarters for the second time in three years, because it was tight on space in the Lowe & Campbell building that Sporting Club continues to own. Jake Reid,...
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After losing Hy-Vee, Royals team up with Price Chopper
The Kansas City Royals signed a long-term partnership agreement with Price Chopper, making the company the team's official grocer. Price Chopper, which is owned by the Ball, Cosentino, McKeever and...
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Brancato family sells event rental company to Florida private equity firm
All Seasons Event Rental in Kansas City, Kan., was acquired by Illinois-based M&M Event Rentals, a portfolio company of Florida private equity firm Dubin Clark & Co. Inc. Founded in 1982, All...
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CommunityAmerica issues record dividend that's $1M more than last year
CommunityAmerica Credit Union gave back $8 million to its members, or an average of nearly $100 to every member household, the credit union's largest annual dividend ever. The $8 million dividend is $1...
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