UMB official: Moderate growth ahead, with some hazard signs
Investment officials from UMB said Wednesday they expect moderate economic growth in 2013.
Investment officials from UMB said Wednesday they expect moderate economic growth in 2013.
Intrust Bank wrote off $57.4 million in loans in 2012, according to a filing with federal bank regulators.
Citizens Bank of Kansas has closed a branch in Barber County.
The holding company of Bank of Kansas said Wednesday it reversed its loss from a year ago.
A report released Tuesday said for every bank branch that opened in Kansas in the past year, three closed.
More than 31,000 Social Security and other federal payments are mailed to Kansans each month – more than 6,700 of them in the Wichita area.
James Nastars is still about a month away from taking on the job as the new chief executive of the city’s largest credit union.
Mid American Credit Union on Monday opened its northeast branch — the first office the $196 million credit union has built in more than a decade.
At Twizted Confections bakery in Normandie Center at Central and Woodlawn, customers using credit or debit cards will find themselves using Tina Reesman’s smartphone to complete their purchases.
Meritrust Credit Union said Friday it will have a new chief executive next month.
The Treasury Department reported Tuesday that five of the eight Kansas banks participating in its Small Business Lending Fund program — including Wichita-based Equity Bancshares — have increased their lending since the program’s inception.
First National Bank of Hutchinson has made only two acquisitions in its 136-year history, and both of them came in the past three years.
The area’s credit unions continued to grow assets while banks improved their loan quality and began to record earnings gains in 2012.
UMB Bank serves more than 1,000 agribusiness clients, and on Monday it tapped its top Kansas executive to grow that business by leading a new agribusiness division.
It was yet another good quarter for Kansas-chartered credit unions, with loans and assets higher than a year ago as well as profitability, according to a report this week from the industry’s state regulator.
Total net income for Kansas banks and thrifts increased nearly 18 percent for the quarter, and the percent of unprofitable institutions fell to its lowest level in three years, according to the Federal Deposit Insurance Corp.’s third-quarter 2012 State Banking Performance Summary.
Earlier this month, Bank of America closed a branch in Topeka, leaving it with 54 branches in Kansas.
Banker’s Bank of Kansas is the third Wichita-area bank in the past 12 months to make the move from a national bank charter to a state one.
Wichita Federal Credit Union said Wednesday it will break ground on a $1.8 million, east-side branch.
The numbers might not show a lot of commercial real estate loans on the books of banks statewide or even regionally, but borrowers and bankers said there is lots of activity in that sector.