Central Bank of Kansas City

FDIC-Insured

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NORTHEAST NEWS

“Central Bank of Kansas City has been an icon in the Northeast community for almost 70 years. It remains committed to serving the community where its roots are planted.”

KANSAS CITY BUSINESS JOURNAL

"[Central Bank] has a strong niche, serving the low- to moderate-income population. It has become a trusted resource for the local Hispanic population."

Features

Convenience

  • FDIC-Insured
  • Multimillion Dollar Deposit Insurance
  • Online account opening
  • Online and mobile banking
  • Mobile deposits
  • Bill pay
  • Surcharge-free ATMs
  • 24/7 customer service for lost/stolen card

Products

  • Checking and savings accounts
  • Certificates of Deposit (CDs)
  • Money Market accounts
  • Retirement accounts
  • Business banking accounts
  • Small business loans
  • Other financing

Central Bank of Kansas City’s Impact

Central Bank of Kansas City has been proudly certified as a Community Development Financial Institution (CDFI) since 1998. As a community development bank, we are certified by the U.S. Treasury for directing the majority of our loans for the benefit of local low-income communities and communities of color.

We’ve been doing this for 70 years because we believe in Kansas City.

CBKC Gallery
$10 MILLION TO SUPPORT MENTAL HEALTH
$10 MILLION TO SUPPORT MENTAL HEALTH

Central Bank provided a $10 million New Markets Tax Credit allocation to help transform one of Kansas City’s most visible landmarks into a vibrant campus of community services. The restoration financing enabled the non-profit ReDiscover, the primary tenant, to continue providing critical mental health services to over 24,000 people each year.

$11 MILLION FOR A REFUGE FOR CHILDREN LIVING IN POVERTY
$11 MILLION FOR A REFUGE FOR CHILDREN LIVING IN POVERTY

Since 1971, Operation Breakthrough has provided a safe, loving, and educational environment for children in poverty while empowering their families through advocacy, emergency aid, and education. Central Bank’s $11 million New Markets Tax Credit allocation resulted in a new facility with a gym, health center, donation warehouse, and more to increase community services for urban core residents.

$5.33 MILLION FOR ARTIST-CENTERED RESIDENCES
$5.33 MILLION FOR ARTIST-CENTERED RESIDENCES

Central Bank provided a $5 million New Markets Tax Credit allocation to create an artist-centered residential community combining modern housing, art studios, and more in Pendleton ArtsBlock.

$6 MILLION TO SUPPORT FOOD SECURITY
$6 MILLION TO SUPPORT FOOD SECURITY

Central Bank provided a $6 million New Markets Tax Credit allocation to Harvesters Community Food Network for a 13,000-square-foot cooler and other facility improvements to bring much-needed food security to food deserts across northwestern Missouri.

 

Central Bank of Kansas City stands out versus the industry for small business lending and investing in communities, overall, with a focus on inclusive lending in low-income communities

What do these mean? Read more

  • Investing in low-income communities (CDFI): Bank is a certified Community Development Financial Institution (CDFI), meaning it is focused on directing the majority of its financing into low- and moderate-income communities and/or communities of color.

  • Above avg. in small business lending: Bank puts a larger percentage of money into small business loans than the bank industry average.

  • Above avg. in financing communities, overall: Bank puts a larger percentage of money into community financing (loans for business, farms, housing, construction, and households, and public works financing) than the bank industry average.

These metrics are validated with public data. To learn how, see our FAQ.

100% of money in the bank is based in Missouri

Deposits come from all over the U.S.

This is an estimation of where the bank concentrates its community financing. It is approximated by where the bank has branches, and the relative amount of deposits the bank manages from each branch. Bank regulation encourages banks to meet the credit needs of communities in which they do business. Central Bank of KC accepts deposits from all across the U.S. in order to power its lending in KC’s areas of need.

Central Bank of Kansas City has a history of investing 62% - 89% of total dollars in the bank into communities, which is greater than the bank industry average

 

PERCENTAGE OF TOTAL DOLLARS INVESTED IN COMMUNITIES, OVER TIME

 
How exactly is money invested? Read more

When you bank with CBKC, more of your money is used to make loans for business and construction than average. Here's the share of total dollars in the bank invested in each sector:

  • Large Business: 48% (+270% vs industry avg)
  • Small Business: 10% (+245% vs industry avg)
  • Construction: 4% (+124% vs industry avg)

    • The bank also finances other sectors, including:

  • Housing: 3%
  • Consumer: < 1%
  • Large Farms: < 1%
  • Small Farms: < 1%

    • The other 35% of total dollars in the bank is used for something other than community financing (like investments in bank branches and other financing).

    Read more about this data in our FAQ.

    See your money with Central Bank of Kansas City

    *This is an estimate, modeled according to the most recent data on Mighty. Learn more how this is calculated in our FAQ.

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    Specials

    High Yield Savings Account

    Interest compounded daily

    Interest credited monthly

    Minimum opening deposit: $1

    See full account terms

    Apply online for account*

    *Account can be applied for directly online via SaveBetter.com. If you prefer to connect with someone at the bank first, email or call the bank.

     

    Open a CD for KC

    14-Month CD

    Minimum opening deposit: $5,000

    Goes directly to financing high-impact development projects in distressed areas of Kansas City.

    Contact bank for more information

    Member FDIC, Equal Housing Lender, Certified CDFI