EWA providers hail new Kansas law
Payments Dive
APRIL 25, 2024
Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.
Kansas Related Topics 
Bank acquisitions announced in Kansas, Iowa
ABA Community Banking
NOVEMBER 19, 2024
PBT Bancshares in Kansas has applied to acquire Kanza Financial. The post Bank acquisitions announced in Kansas, Iowa appeared first on ABA Banking Journal. Farmers Savings Bank in Iowa has agreed to buy Elgin State Bank.
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Fed dissects consumer use of digital payments
Payments Dive
SEPTEMBER 30, 2024
households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says. While most U.S.
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Kansas banks runs afoul of money laundering standards again
American Banker
NOVEMBER 19, 2024
Small Business Bank in Lennox, Kansas received another cease-and-desist order from the Federal Reserve for failing to comply with anti-money laundering and Bank Secrecy Act requirements for the second time in 14 months.
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Scams ensnare even sophisticated consumers, Fed says
Payments Dive
NOVEMBER 18, 2024
Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.
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Kansas, Missouri up penalty for ATM theft
ATM Marketplace
MAY 24, 2022
New laws from Kansas and Missouri will up the penalty for ATM theft.
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EWA providers seek to steer state legislation
Payments Dive
APRIL 11, 2024
Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.
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Small Kansas bank failed because its CEO fell for a crypto scam: Report
American Banker
SEPTEMBER 28, 2023
Two months after the mysterious failure of the Heartland Tri-State Bank in Elkhart, Kansas, a news article sheds light on its downfall. CEO Shan Hanes was involved in a cryptocurrency hoax involving a $12 million wire payment, according to the Bloomberg Businessweek report.
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X picks up two more state money licenses
Payments Dive
NOVEMBER 30, 2023
South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.
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'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world
Payments Dive
APRIL 12, 2018
With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.
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Silver Lake Bank Offers Kasasa Brand Products In Eastern Kansas
BankDeals
DECEMBER 10, 2020
Silver Lake Bank (KS) offers its Kasasa Cash checking account and Kasasa Saver savings account to residents of eastern Kansas through online application.
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Kansas Passes an Act Requiring Mortgage Companies, Supervised Lender, and Money Transmitters to Create Information Security Standards Consistent with GLBA’s Consumer Information Safeguard Rule
CFPB Monitor
MAY 22, 2023
On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”).
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5 ways to reignite customer relationships for growth
Accenture
APRIL 13, 2023
If you think we’re not in Kansas anymore, you’re not alone. Banking has been blasted by the winds of change in 2023. The industry right now has a surprising amount in common with some of the most iconic characters from The Wonderful Wizard of Oz, the famous L.
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Regulator: Failed Kansas bank 'victim of a scam'
American Banker
AUGUST 4, 2023
Kansas Banking Commissioner David Herndon told American Banker that his agency declared Heartland Tri-State Bank insolvent because of a "very sudden" event that crippled the bank financially.
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First US non-Amazon-owned grocer to use palm-scanning tech
Payments Dive
DECEMBER 6, 2022
The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.
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Hawthorn Bank's Platinum Checking Available In Missouri And Kansas
BankDeals
JULY 27, 2020
Available to residents of Missouri and Kansas. Hawthorn Bank's Platinum Checking currently earns a competitive rate on qualifying balances up to $25k.
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Lessons Learned From the Fourth United States Bank Failure of 2023
Perficient
AUGUST 16, 2023
In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. The FDIC’s Division of Liquidation then brokered a deal for Dream First Bank, a National Association of Syracuse, Kansas, to take over the branches of Heartland Tri-State Bank.
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Alva State B&T Offers Kasasa Cash In Kansas, Oklahoma, and Texas
BankDeals
OCTOBER 28, 2020
Alva State Bank & Trust offers its Kasasa Cash checking account and the companion Kasasa Saver savings account to residents of Kansas, Oklahoma, and Texas.
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Central Payments snags $30M
Payments Dive
AUGUST 15, 2022
The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.
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Kansas City Fed issues research briefing on buy now, pay later
CFPB Monitor
NOVEMBER 23, 2021
The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers.
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Peoples Bank and Trust Offers Kasasa Products In Central Kansas
BankDeals
FEBRUARY 13, 2021
Peoples Bank and Trust offers its Kasasa Cash checking account the companion Kasasa Saver savings account throughout Central Kansas.
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Ex-CEO of failed Kansas bank charged with embezzling $47 million
American Banker
FEBRUARY 8, 2024
Federal prosecutors allege that Shan Hanes, the former CEO of the now defunct Heartland Tri-State Bank, illegally took money from customers to fund cryptocurrency investments. He could face up to 30 years in prison if convicted.
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Failed Kansas bank rapidly borrowed $21 million from FHLB system
American Banker
FEBRUARY 12, 2024
Heartland Tri-State Bank, which failed after its CEO allegedly embezzled money to fund cryptocurrency investments, received $21 million in advances from the Federal Home Loan Bank system prior to failure.
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This week’s podcast episode: A close look at open banking and the role of data aggregators, with special guests Julian Alcazar, Payments Specialist, Federal Reserve Bank of Kansas City, and Adam Maarec, Senior Director and Associate General Counsel, Capital One
CFPB Monitor
SEPTEMBER 30, 2022
To read an article published by the Federal Reserve Bank of Kansas City and co-authored by Mr. Alcazar, “ Data Aggregators: The Connective Tissue for Open Banking ,” click here. Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation. To listen to the episode, click here.
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First Kansas Bank to buy Lorraine State Bank
American Banker
DECEMBER 9, 2020
First Kansas, part of the multibank holding company Ottawa Bancshares, expects to complete the acquisition early next year.
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Bank survey: Military families cite low income, inflation as financial product challenges
ABA Community Banking
MAY 23, 2024
Roughly 30% of military families cite low income and lack of stability as a “primary challenge” they face with their current financial products and services, according to a new survey by the Fort Leavenworth, Kansas-based Armed Forces Bank.
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A Kansas credit union gives staff money for financial emergencies
American Banker
DECEMBER 20, 2023
Meritrust Credit Union in Wichita is giving $400 to each of its 370 employees to start or grow a rainy day fund.
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World Central Bankers Discuss Alternatives To The Dollar
PYMNTS
AUGUST 25, 2019
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S.
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American Banker
AUGUST 12, 2024
A judge postponed by 11 days to Aug. 19 the scheduled sentencing date for Shan Hanes, the ex-CEO of Heartland Tri-State Bank who admitted to embezzling $47 million from the lender, leading to its downfall.
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CommunityAmerica Credit Union adopts new robo advisory tool
American Banker
JUNE 5, 2024
The Kansas financial institution is using Copper Financial's Guided Investing product that matches members to predesigned portfolios that suit their risk profile.
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Bank CEO-turned-felon sentenced to 24 years in prison
American Banker
AUGUST 20, 2024
Shan Hanes, the former leader of Heartland Tri-State Bank, previously pleaded guilty to embezzling tens of millions of dollars in a cryptocurrency scheme that caused the Kansas bank's failure.
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Ex-CEO of failed bank pleads guilty after losing $47M in crypto scheme
American Banker
MAY 30, 2024
Shan Hanes, who led Heartland Tri-State Bank in Kansas until it failed last year, pleaded guilty to one count of embezzlement by a bank officer. He now faces up to 30 years in prison. He is scheduled to be sentenced on Aug.
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First FitBit, Now Garmin Releases Smartwatch with Payments
Bank Innovation
AUGUST 31, 2017
The Olathe, Kansas-based Garmin announced the new smartwatch today at the International Franchise Association’s […]. Today, wearable maker, Garmin International announced a new smartwatch, Vivoactive 3, that will have a contactless payment feature for MasterCard users. Visa is supporting payments for he device as well.
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A sales pitch became a vendor's winning legal argument in Kansas surcharge case
Payments Source
MARCH 1, 2021
CardX, which enables merchants to add a fee for accepting credit cards, won by showing how its product provides transparency to consumers.
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Why Kansas bank failure did not raise alarms for industry
American Banker
JULY 31, 2023
Regulators noted the demise of Heartland Tri-State Bank involved an isolated problem. Industry observers cautioned against prediction of more failures to follow, saying second-quarter earnings show community banks generally remain in sound financial health.
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Why this fintech isn't rushing retirees out the door
American Banker
MAY 8, 2024
DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.
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Market Commentary: Week of April 11, 2022
SWBC's LenderHub
APRIL 11, 2022
Last week was highlighted by carnage in the long end of the Treasury yield curve as both Federal Reserve Vice-Chairwoman Lael Brainard and Kansas City Federal Reserve Bank President Esther George took to the airwaves to say that the Fed would be reducing its $8+ trillion balance sheet very soon.
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Fed hits Kansas-based Small Business Bank with enforcement order
American Banker
SEPTEMBER 5, 2023
The $100 million asset bank ran afoul of various regulatory standards, including credit oversight, anti-money laundering controls and third-party risk management.
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First Busey to buy CrossFirst Bankshares
ABA Community Banking
AUGUST 27, 2024
First Busey in Champaign, Illinois, has agreed to buy CrossFirst Bankshares in Leawood, Kansas. The deal is expected to close in the first half of 2025. The post First Busey to buy CrossFirst Bankshares appeared first on ABA Banking Journal.
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'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world
ATM Marketplace
APRIL 12, 2018
With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.
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Google, Amazon Tech Help States Handle Jobless Claim Boom
PYMNTS
MAY 12, 2020
Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. Help is on the way for beleaguered states facing a record number of jobless claims.
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UMB Financial starts checking items off to-do list for Heartland deal
American Banker
JULY 31, 2024
The Kansas City, Missouri-based regional bank said it is making progress on its pending purchase of Heartland Financial USA in Denver. The deal is expected to close during the first quarter of 2025.
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How Academy Bank is using video to improve service efficiency
Bank Innovation
SEPTEMBER 9, 2019
When customers walk into one of Academy Bank’s new branches, a banker will guide them to a screen where they can video chat with a specialist at Academy’s headquarters in Kansas City.
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Last Labor Report Before Election Shows Drop In US Jobless Claims
PYMNTS
OCTOBER 29, 2020
17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). During the week ending Oct. The largest increases in initial claims for the week ending Oct.
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