The bank had faced three regulatory actions since 2023. It had 30 days to raise money or sell before facing receivership.

The transaction adds to the buyer's Kansas City holdings, which already include properties in Harrisonville and Lee's Summit.

The syndicate has distributed the column for decades and recently trained editors alongside Phillips. Her final goodbye letter runs July 27.

The local firm will manage the 155-acre Olathe development as the team prepares for a 2031 move to Kansas.

The special tax district will help fund $26.7 million in renovations at Westchester Square, including facade upgrades, roof repairs and parking improvements.

Tesseract Ventures CEO John Boucard grew up in Kansas and started his company in Overland Park. But he says its headquarters needs to be in Florida to be close to the money, clients and talent that will help the company grow.