Central Bank of Kansas City
Central Bank of Kansas City is a community bank with a long and successful history of business lending and outreach, based on its strategy of revitalizing the urban core and building wealth in low-income neighborhoods. With the main branch in Kansas City’s Historic Northeast neighborhood—where it was founded in 1951—Central Bank attends to the needs of the typically underserved in the Kansas City metropolitan area. The bank has been a continual recipient of the CDFI Bank Enterprise Award for its involvement in the community it serves.
Consumers on the prowl for higher rates on their savings or more places to spread out their cash have a few shortcuts. Now there’s a new competitor to these savings account rate finders: the German fintech Deposit Solutions. Through SaveBetter.com, an online portal that marks Deposit Solutions’ first foray into the U.S., consumers can shop offerings from a variety of banks. They can open one or more savings accounts from the available banks, with certificates of deposit expected to be available by the end of the year, but manage them all through a single SaveBetter account. “For Central Bank of Kansas City, it’s another source of deposits," said Trent Sorbe, founder and president of Central Payments. "It’s another interesting way in which a small community bank, a CDFI in Kansas City, can diversify its deposit acquisition strategy, reach markets outside of Kansas City and be competitive with larger providers.
Central Payments announced last month its seven-member advisory board for Falls Fintech, the organization's early-stage, onsite accelerator for upstart financial technology companies. Nikkee Rhody, Falls Fintech Managing Director and Co-founder, commented on the group: "This advisory board reflects our commitment to connecting accelerator participants with fintech pioneers and thought leaders, and this group's contributions have already been felt as we finalize plans for our inaugural cohort." Among the seven members is Bill Dana, Vice Chairman and former President/CEO at Central Bank of Kansas City.
Brinshore Development, LLC, and the Housing Authority of Kansas City, Missouri (HAKC), today announced the grand opening of Pendleton ArtsBlock -- a state-of-the-art, 38-unit, mixed-income development that features loft-style studio, one and two-bedroom units along with a roof deck, workshop, fitness room, secured car and bike parking and three micro-retail bays for Charlotte Street Foundation's StartUp Residency program. Designed by Dake Wells and DRAW architecture, Pendleton ArtsBlock compliments the historic Pendleton Heights by embracing Independence Avenue and framing Independence Plaza Park. The bold urban architecture layers traditional brick exterior with contemporary window design and styling. The development is environmentally-friendly and meets green design standards. US Bank was the equity investor and Central Bank of Kansas City (located across the street from the development) was the construction lender. 4Sight Construction served as the general contractor.