Latest news with #Kansas-based
Indianapolis Star
3 days ago
- Business
- Indianapolis Star
Free Wendy's for a year? How to get it this weekend
An Indiana Wendy's is celebrating its reopening by giving some customers free food for a year. Following a remodel, the Westfield restaurant at 3703 State Road is having its grand reopening on June 28. The store closed in November 2024 when Kansas-based franchisee Flynn Group Wendy's acquired the location, and reopened on May 21. With more than 300 Wendy's in eight states, Flynn Group Wendy's is part of Flynn Group, the third largest restaurant operator in the United States, behind Starbucks and Chipotle. The organization also owns Wendy's locations in Carmel, Fishers and Noblesville. The first 200 guests in line for the June 28 event will win free Wendy's for a year. Winners get one free sandwich, salad or breakfast item per week for a year. Others are reading: What's the story behind 'Chili Finger'? New thriller has scenes shot in Illinois towns The winnings can be redeemed only at the Westfield restaurant. Eligible customers must be at least 16 and make a purchase. Doors open June 28 at 10:30 a.m. Flynn Group, based in Overland, Kansas, is Wendy's largest franchisee.
Yahoo
4 days ago
- Business
- Yahoo
KBRA Assigns Ratings to Equity Bancshares, Inc.
NEW YORK, June 24, 2025--(BUSINESS WIRE)--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Wichita, Kansas-based Equity Bancshares, Inc. (NYSE: EQBK) ("the company"). KBRA also assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to the company's primary subsidiary, Equity Bank ("the bank"). The Outlook for all long-term ratings is Stable. Key Credit Considerations The ratings are supported by the bank's recent stability in credit trends that resulted in asset quality converging to rated peer levels with NPA and NCO ratios of 0.77% and 0.02%, respectively, as of 1Q25. While volatility in the NPA ratio over the company's long-term history has reflected acquired loan portfolios, NCOs have remained fairly contained, supported by favorable loan marks. Though we expect some degree of credit normalization, EQBK's disciplined underwriting standards and conservative credit culture should support favorable asset quality trends over the longer term. EQBK's proven deposit strategy is supported by a strong core deposit base. We note that ~80% of its deposits are gathered in the bank's stable operating markets which then fund organic growth opportunities in metro markets. Reflective of EQBK's favorable deposit mix, its cost of deposits has tracked meaningfully below rated peer averages benefiting its net interest margin (NIM). In addition, average loan yields – aided, in part, by the accretion of purchase discounts - have trended well above peer averages and have been a significant contributor to a higher NIM relative to peers. To that end, profitability trends have strengthened, driven by significant NIM expansion resulting from the securities portfolio repositioning undertaken in 4Q23, along with proactive asset repricing and the aforementioned, well-managed funding costs. Additionally, profitability is supported by a respectable level of noninterest income, which is largely comprised of durable sources including service charges, fees, and debit card income. Furthermore, EQBK has maintained a conservative approach to capital management, demonstrated by CET1 and total capital ratios that have consistently remained above those of rated peers. In 4Q24, the company completed a $92 million capital raise which further strengthened its capital ratios to support growth initiatives, including organic expansion and strategic acquisitions. We expect the firm's CET1 ratio to remain higher than rated peers as it continues to build out its franchise. EQBK has an experienced and entrepreneurial management team, comprising seasoned bankers with extensive market knowledge and a strong track record of execution. This expertise has been pivotal in successfully integrating the company's strategic acquisitions and driving balanced growth through both acquisitions and organic opportunities. As a proven acquirer and integrator, EQBK is well-positioned to capitalize on attractive market opportunities, further enhancing its scale and operational efficiency. Rating Sensitivities Sustained core profitability comparable to higher rated peers, combined with well-managed credit costs and effective capital and risk management, would support positive rating momentum over time. Conversely, a significant shift in risk profile, marked by credit deterioration beyond expectations, which adversely affects core profitability and regulatory capital levels, could lead to rating pressure. To access ratings and relevant documents, click here. Methodologies Financial Institutions: Bank & Bank Holding Company Global Rating Methodology ESG Global Rating Methodology Disclosures A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009729 View source version on Contacts Analytical Contacts Marshall Birkey, Senior Director (Lead Analyst)+1 Bain Rumohr, Managing Director+1 Ian Jaffe, Senior Managing Director+1 Ashley Phillips, Managing Director (Rating Committee Chair)+1 Business Development Contact Justin Fuller, Managing Director+1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 days ago
- Business
- Business Wire
KBRA Assigns Ratings to Equity Bancshares, Inc.
NEW YORK--(BUSINESS WIRE)--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Wichita, Kansas-based Equity Bancshares, Inc. (NYSE: EQBK) ('the company'). KBRA also assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to the company's primary subsidiary, Equity Bank ("the bank"). The Outlook for all long-term ratings is Stable. Key Credit Considerations The ratings are supported by the bank's recent stability in credit trends that resulted in asset quality converging to rated peer levels with NPA and NCO ratios of 0.77% and 0.02%, respectively, as of 1Q25. While volatility in the NPA ratio over the company's long-term history has reflected acquired loan portfolios, NCOs have remained fairly contained, supported by favorable loan marks. Though we expect some degree of credit normalization, EQBK's disciplined underwriting standards and conservative credit culture should support favorable asset quality trends over the longer term. EQBK's proven deposit strategy is supported by a strong core deposit base. We note that ~80% of its deposits are gathered in the bank's stable operating markets which then fund organic growth opportunities in metro markets. Reflective of EQBK's favorable deposit mix, its cost of deposits has tracked meaningfully below rated peer averages benefiting its net interest margin (NIM). In addition, average loan yields – aided, in part, by the accretion of purchase discounts - have trended well above peer averages and have been a significant contributor to a higher NIM relative to peers. To that end, profitability trends have strengthened, driven by significant NIM expansion resulting from the securities portfolio repositioning undertaken in 4Q23, along with proactive asset repricing and the aforementioned, well-managed funding costs. Additionally, profitability is supported by a respectable level of noninterest income, which is largely comprised of durable sources including service charges, fees, and debit card income. Furthermore, EQBK has maintained a conservative approach to capital management, demonstrated by CET1 and total capital ratios that have consistently remained above those of rated peers. In 4Q24, the company completed a $92 million capital raise which further strengthened its capital ratios to support growth initiatives, including organic expansion and strategic acquisitions. We expect the firm's CET1 ratio to remain higher than rated peers as it continues to build out its franchise. EQBK has an experienced and entrepreneurial management team, comprising seasoned bankers with extensive market knowledge and a strong track record of execution. This expertise has been pivotal in successfully integrating the company's strategic acquisitions and driving balanced growth through both acquisitions and organic opportunities. As a proven acquirer and integrator, EQBK is well-positioned to capitalize on attractive market opportunities, further enhancing its scale and operational efficiency. Rating Sensitivities Sustained core profitability comparable to higher rated peers, combined with well-managed credit costs and effective capital and risk management, would support positive rating momentum over time. Conversely, a significant shift in risk profile, marked by credit deterioration beyond expectations, which adversely affects core profitability and regulatory capital levels, could lead to rating pressure. To access ratings and relevant documents, click here. Methodologies Disclosures A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009729
Yahoo
19-06-2025
- Business
- Yahoo
Osaic boosts wealth management capabilities with CW Advisors acquisition
Wealth management solutions provider Osaic has acquired investment management company CW Advisors for an undisclosed sum. The acquired company is a registered investment advisor based in Boston, with $13.5bn in fee-only client assets under management. Osaic said the deal is in line with its strategy to expand its market reach and serve advisors across various affiliation models, enhancing its ability to cater to a broad wealth range. CW Advisors, with 140 professionals across 17 offices, serves high net worth and ultra-high net worth clients through its core wealth management and family office platform. The acquisition allows Osaic to leverage CW Advisors' custodial partnerships with Schwab and Fidelity, offering expanded scale and capabilities as a non-self-clearing wealth management group. Osaic is acquiring CW Advisors from Audax Private Equity, providing increased access to capital to support future growth. CW Advisors is expected to benefit from Osaic's wealth capabilities in the high net worth and ultra-high net worth markets, provided by partner companies Premier Trust and Highland Capital Brokerage. Osaic president and CEO Jamie Price said: 'CW Advisors brings tremendous strength in delivering an institutional-quality platform for fee-only RIA advisors at the upper tiers of the wealth spectrum. Their scale, talent and infrastructure are highly complementary to our strategy of expanding Osaic's presence across all models and segments of the wealth management industry. 'We also welcome CW's management team, current private equity sponsor and advisors to become Osaic shareholders, alongside our current advisor shareholders. We are delighted to welcome the CW family into the Osaic family.' CW Advisors CEO Scott Dell'Orfano said: 'Joining forces with Osaic represents a pivotal step forward for CW Advisors. This partnership provides us with access to permanent capital that aligns with our long-term vision and the needs of our clients and advisors. 'We are grateful for the support we have received from our previous owner and are energised by the opportunity to grow our business with ongoing flexibility and strategic control.' Under the terms of the acquisition, CW Advisors will retain its name and client service model, remaining operationally independent while continuing to serve clients as a standalone advisor. This acquisition supports Osaic's vision for Osaic Advisors, offering growth-oriented advisors resources and capital to thrive without the burdens of running an independent business. Earlier in 2025, Osaic welcomed Payant Wealth Management Group into its fold and continues to engage with advisors looking for capital to fuel growth, solutions for succession planning, or a shift to a more supported independent model. In April 2025, NoxNumis, a Wichita, Kansas-based wealth management firm, became part of Osaic's network of advisors. "Osaic boosts wealth management capabilities with CW Advisors acquisition " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Chicago Tribune
15-06-2025
- General
- Chicago Tribune
Oswego trustees examine results of community survey
Oswego trustees recently reviewed results of a community survey conducted last winter. The survey process is intended to gather information to improve municipal services and help guide long-range planning as well as respond to the needs of the community, officials said. This is the fourth survey administered for Oswego by ETC Institute. Previous surveys in the village were done in 2023, 2018 and 2016, according to Oswego officials. The Kansas-based ETC Institute is a marketing research firm that specializes in community surveys for government entities. The survey was mailed to a random sample of households within the municipal border of the village. Residents could either return their survey by mail or complete one online. The survey generated 606 responses, ETC Institute Director of Community Research Jason Morado said. The primary goal of the survey was to get an objective assessment of how satisfied residents are with village services and what they view as the top priority of the community. The analysis can compare Oswego with other communities across the country as well, the consultant said. 'We found residents have a very positive perception of the village – 88% of respondents rated Oswego as an excellent place to raise children and 87% rated Oswego as an excellent place to live,' Morado said. 'We also found the village is moving in the right direction. Satisfaction ratings have increased in 68 of 113 areas since your last survey two years ago in 2023,' Morado said. Compared to survey results in 2018, the satisfaction ratings increased in 71 out of 113 areas since 2018. 'We have seen an overall increase in satisfaction both short-term and long-term,' he said. Satisfaction concerning village services is higher than in other communities as well, Morado said. The village is above the national average in 55 out of 60 areas, Morado said. Satisfaction with the overall quality of village services is 20% above the U.S. average, he said. One of the areas Oswego rated the furthest above the national average was customer service from village employees. The ratings were 39% above the national average, he said. The overall quality of police and fire district services, local ambulance service, library services and feelings of safety in the village were among the areas that received high ratings. Areas of new development in the village, availability of affordable housing, job availability and transportation options received low ratings on a scale of one to five, Morado said. Overall flow of traffic and congestion management received low satisfaction ratings. 'This is typical for a fast-growing community,' Morado said. While the survey shows high ratings for overall municipal services, Village President Ryan Kauffman acknowledged traffic improvements remain on Village Hall's radar. 'We do have our work cut out for us because traffic is a problem – we know that and see that. Residents reach out to us about traffic all of the time,' Kauffman said. For a community as rapidly growing as Oswego, traffic will continue to be an issue, however, strides have been made, officials said. One of the primary solutions is the widening of Wolfs Crossing to five lanes, he said. 'That will decrease some of the burden on Route 34,' he said. 'Our message to the community is that we hear you and we are working on it.'
