Kansas City-based banking company Commerce Bancshares said demand for business real estate loans and consumer mortgages helped lift earnings in the final months of 2016, which boosted profits for the year.
The Wall Street Journal listed Tom Hoenig among three top contenders for Federal Reserve vice chairman in charge of bank oversight. It said the post was created in 2010 but never officially filled, with its duties being picked up by a current governor of the Fed.
Wells Fargo & Co. on Monday agreed to pay $3.6 million to the U.S. Consumer Financial Protection Bureau and $410,000 in restitution to settle the regulator’s claims over student-loan servicing policies that it says boosted costs for borrowers.
Salina-based Sunflower Financial and Strategic Growth Bancorp of El Paso, Texas, hope to complete the merger in the first quarter of 2017, creating a single bank holding company with $4 billion in assets.
Heartland Credit Union president Garth Strand talks about the Hutchinson-based credit union's planned new branch at 37th and Maize between northwest Wichita and Maize. A groundbreaking ceremony for the project took place June 24, 2016. (Bryan Horwath/Wichita Eagle)
Heartland CU breaks ground for new Wichita-area branch