Kansas banking commissioner still not sold on Hesston’s Beneficient unusual business model

David Herndon, the Kansas bank commissioner, told a joint committee of the Kansas Legislature that he continued to have reservations about the banking charter issued to Beneficient Fiduciary Financial LLC of Hesston because the law creating the unique form of banking prevented state regulators from fully reviewing operations of SFF. (Sherman Smith/Kansas Reflector)
By: Tim CarpenterKansasReflector.com Company executives optimistic business of unlocking illiquid assets will blossom TOPEKA — The Kansas banking commissioner renewed apprehension about regulatory limitations in…

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