Missouri Minute: Georgia bank could save Bass Pro-Cabela’s deal; SixThirty announces new portfolio companies

Here are today’s top business headlines from across Missouri:

Georgia bank could save Bass Pro deal for Cabela’s

A Georgia bank reportedly is in talks to buy Cabela’s Inc.’s banking operation, which could revitalize Springfield-based Bass Pro Shops’ plan to acquire Cabela’s retail operations for $4.5 billion. In the original deal, announced in October, Capital One Finance Corp. agreed to acquire Cabela’s banking operation, which issues store-branded credit cards. That transaction fell through. Read more

SixThirty invests in 5 new fintech startups

SixThirty, the St. Louis-based business accelerator for tech startups in the financial services sector, has announced five new portfolio companies, ranging from the developer of an artificial intelligence platform to the maker of software for transferring money via social media. Each of the companies will receive a $100,000 investment in exchange for an equity stake of between 5 percent and 10 percent. All five are from outside the St. Louis market, including one from Israel. Read more

Legislators debate loss of ‘local control’ in agriculture proposal

A new bill sponsored by Rep. Bill Reiboldt, R-Neosho, would prevent local government from regulating or creating any ordinances or rules regarding “seeds, fertilizers or soil conditioners” for Missouri farmers. Reiboldt says farmers “just want to be regulated by the U.S. Department of Agriculture and the Missouri Department of Agriculture.” The bill was approved by the House this week and sent to the Senate. Read more

Missouri lawmakers pushing for ban on toll roads

Missouri lawmakers are putting the brakes on any talk of transforming all or parts of Interstate 70 into a toll road. As part of a budget proposal moving through the Missouri Legislature, wording has been inserted into the document that would bar the Missouri Department of Transportation from using any money for toll-related purposes. The prohibition includes even studying whether tolls could be a solution to fixing the heavily traveled cross-country route. Read more

Interim University of Missouri chancellor leaving for job in New York

Hank Foley, interim chancellor of the University of Missouri’s flagship campus in Columbia since 2015, is leaving the school to become president of the New York Institute of Technology. Read more

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