Longtime Kansas City banker Peter McVey faces up to 10 years in prison after pleading guilty in federal court to violating anti-money laundering regulations.

Jackson County Executive Frank White vetoed a measure to place a 40-year, three-eighths-cent sales tax on the April 2 ballot to fund stadium construction, renovation and maintenance. And despite an 8-1 vote initially approving the measure by the Jackson County Legislature, four members now say they would sustain the veto.

The Kansas City Current is on a roll. With its new women-specific stadium nearing an opening, with a passel of local businesses signed on as partners, the team now has hired an executive with an impressive sports business résumé. The new team president has 18 years of management experience with NBA, NFL, MLB and NHL teams.

Mission Woods-based Palmer Square Capital held an IPO for an investment fund on Thursday, expected to raise $89.65 million. Once the offering wraps up, the company's subsidiary is expected to reach about $1.35 billion in assets.

A national real estate player joined LODAS Markets as a client. The Overland Park platform uses an automated online marketplace that matches buyers and sellers of non-traded real estate investment trusts (REITs), business development corporations and private real estate investments.

OMB Bank opened a loan production office in Lenexa in June and now has converted that into a full-service branch, with plans for future expansion throughout the area.