Federal Reserve orders Kansas bank to raise capital, third enforcement action since 2023
By
Kyle Campbell
Summary
The Federal Reserve issued a "prompt corrective action" enforcement action against Small Business Bank in Lenexa, Kansas, declaring it "significantly undercapitalized." The $73 million-asset bank has 30 days to raise its capital levels. This marks the third enforcement action the Fed has taken against the bank since 2023. The Fed noted the bank's capital was deemed deficient as of June 18, potentially indicating rapid changes to its balance sheet.
Source
bskyFederal Reserve orders Kansas bank to raise capital, third enforcement action since 2023americanbanker.comKey quotes
· 4 pulledA small bank in the outskirts of Kansas City has 30 days to raise its capital level, according to an enforcement action announced by the Federal Reserve on Thursday.
Lenexa, Kansas-based Small Business Bank is 'significantly undercapitalized,' the Fed noted in a call for prompt corrective action.
This is the third enforcement action the Fed has leveled against the $73 million-asset bank since 2023.
In its latest directive, the Fed said the bank's capital was deemed deficient as of June 18, possibly signalling that its balance sheet has undergone rapid changes.
You might also wanna read
The Rise in Deposit Flightiness and Its Implications for Financial Stability
Over 20,000 bank accounts closed amid immigration enforcement push, data shows
A new analysis of Consumer Financial Protection Bureau complaint data reveals that over 20,000 consumers reported sudden bank account closur
americanbanker.com·9d ago
Federal Reserve Quietly Injects Billions into Major Banks Amid Cash Shortages
The article reports on evidence found in Federal Reserve documents showing that major U.S. banks are experiencing cash shortages, with the F
dcreport.org·6mo ago
The 2026 Federal Reserve Stress Test Results: A Framework in Transition
Calming the Panic: Investor Risk Perceptions and the Fed’s Emergency Lending During the 2023 Bank Run
Federal Regulators Release 2026 List of Distressed and Underserved Rural Areas for CRA Credit Eligibility
Federal bank regulatory agencies (FDIC, Federal Reserve Board, OCC) released the 2026 list of distressed or underserved nonmetropolitan midd
occ.gov·4d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.