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Treasury to debut bad-mortgage purchase plans

BY KEVIN G. HALL, McClatchy Newspapers | July 9 at 7:24 a.m.

WASHINGTON — Almost four months after it was first announced, the Treasury Department late Wednesday rolled out a scaled-back version of its long-awaited plan to purchase jointly with the private sector bad mortgage-based assets plaguing the nation's banks.

  • UMB starts wealth management unit

    BY JERRY SIEBENMARK, The Wichita Eagle | July 3 at 1:33 a.m.

    Craig Anderson said there are more ideal times to start a bank wealth management unit — not necessarily in the midst of a recession.

  • Merger in works for 2 Kansas credit unions

    BY JERRY SIEBENMARK, The Wichita Eagle | July 2 at 6:45 a.m.

    Mid American Credit Union is in talks to merge with a small Arkansas City credit union.

  • Changes in banking industry will hit smaller banks, says professor

    BY JERRY SIEBENMARK, The Wichita Eagle | July 2 at 1:33 a.m.

    Wichita State University finance professor Rick LeCompte thinks the banking industry is in for a cycle of consolidations, either through bank failures or acquisitions.

  • Commerce analyst sees slow recovery from recession

    BY JERRY SIEBENMARK, The Wichita Eagle | June 26 at 1:33 a.m.

    Scott Colbert sees an end to the recession.

  • Farmers Enterprises receives federal aid

    BY JERRY SIEBENMARK, The Wichita Eagle | June 25 at 1:34 a.m.

    This week, Treasury said it invested $12 million in Farmers Enterprises, the holding company of Great Bend-based Farmers Bank & Trust.

  • Addition triples SNB Bank's size

    BY JERRY SIEBENMARK, The Wichita Eagle | June 23 at 6:51 a.m.

    The $188 million bank acquired First National Bank of Anthony after the Comptroller of the Currency closed it.

  • Anthony bank seized; to reopen as SNB

    BY JERRY SIEBENMARK, The Wichita Eagle | June 23 at 6:48 a.m.

    A 123-year-old Harper County bank, with a branch in west Wichita, failed Friday and will reopen as a branch of South Hutchinson-based SNB Bank of Kansas.

  • Area banks look for more ways to cut costs

    BY JERRY SIEBENMARK, The Wichita Eagle | June 18 at 1:43 a.m.

    Like the companies they serve, local banks say they are tightening their spending as the economy begins to feel the effect of aviation industry layoffs.

  • FDIC: A lot to learn from 2008 in banking

    BY JERRY SIEBENMARK, The Wichita Eagle | June 17 at 1:39 a.m.

    A federal bank regulator says it will be looking harder at banks in several ways after a year in which 25 banks failed. That's according to a new report by the Federal Deposit Insurance Corp., part of its Supervisory Insights Summer 2009 newsletter.

  • Winfield's CornerBank expands in Wichita

    BY JERRY SIEBENMARK, The Wichita Eagle | June 13 at 1:44 a.m.

    Winfield-based CornerBank is slowly growing its operations in Wichita. In the past year the $230 million bank has added a third commercial lender and a trust officer.

  • Panel probes Feds' role in bank deal

    BY ANNE FLAHERTY, Associated Press | June 12 at 1:39 a.m.

    House lawmakers on Thursday accused federal regulators of a gross misuse of power in orchestrating a "shotgun wedding" between Bank of America Corp. and Merrill Lynch & Co. that cost U.S. taxpayers $20 billion.

  • Credit unions' loans, assets are up in first quarter

    BY JERRY SIEBENMARK, The Wichita Eagle | June 12 at 7:23 a.m.

    Kansas credit unions saw loans, assets and loan delinquencies grow in the first quarter of 2009, according to the Kansas Department of Credit Unions call report statistics for the quarter ended March 31.

  • Kansas banks glad to provide feedback to federal regulators

    BY JERRY SIEBENMARK, The Wichita Eagle | June 11 at 1:40 a.m.

    Kansas banking officials are applauding a move by a federal regulator to include their input in shaping policy and regulation. Nearly two weeks ago, the Federal Deposit Insurance Corp. board of directors approved the formation of the advisory committee on community banking.

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