Personal income increased 0.8%, or $210.1 billion, in April, the Commerce Department said. The personal savings rate – a percentage of disposable personal income – was 4.9%. Meanwhile, personal consumption expenditures increased 0.2%, or $47.8 billion.
Small Business Bank in Kansas closed by regulators
Kansas regulators closed Small Business Bank in Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of Oakley, Kansas, agreed to assume substantially all deposits and purchase certain assets.









