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Who should be culpable for Citigroup’s bad dealings?

As we read about the latest bank settlement with the federal government, it may seem that $7 billion is a hefty fine to be paid by Citigroup. Apparently it’s not. Citigroup’s shares were up 3 percent after the settlement, so someone must think it’s a good deal. Some may argue any settlement is better than… Continue Reading Who should be culpable for Citigroup’s bad dealings?

U.S. Bank SBA division opens office in Colorado Springs

U.S. Bank has opened its first office to provide Small Business Administration loans in the Colorado Springs market. Operating as U.S. Bank SBA Division, the new office is located at 6 S. Tejon St. in downtown Colorado Springs.  Jackie Gonzalez, a Colorado Springs resident, will lead the new office as business development officer.  She has more… Continue Reading U.S. Bank SBA division opens office in Colorado Springs

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Emmer to retire from Ent

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Emmer to retire from Ent

Ent Federal Credit Union announced Thursday morning CEO Charles Emmer will retire in October. He led the organization for the past 18 years. Emmer joined Ent as CEO in 1996. Under his leadership, Ent’s assets have grown from $1.04 billion to more than $4.0 billion, while membership increased from 151,710 to more than 236,000. Part… Continue Reading Emmer to retire from Ent

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ANB will acquire Capital West Bank

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ANB Bank announced Tuesday it has entered into a definitive merger agreement to acquire Capital West Bank. The $160 million Capital West Bank, headquartered in Laramie, Wyo., has branches in Laramie, Cheyenne and Fort Collins. The purchase will add to ANB Bank’s presence in Wyoming and will increase the bank’s total assets to over $2.2… Continue Reading ANB will acquire Capital West Bank

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Millennials balance uncertainty, awareness

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They rival Baby Boomers in numbers at 80 million strong. The lucky ones have received or are in the process of obtaining a college education, and have found or will find their place among the professional workforce. Some have learned hard lessons from the generations preceding them, view “debt” as one of the worst four-letter… Continue Reading Millennials balance uncertainty, awareness

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Loans from the Small Business Administration enable business owners to have more money to inject into their businesses. That’s because the SBA requires less money as a down payment. SBA loans can be easy to obtain, said a lender who’s spent decades helping small businesses obtain financing.  While one local SBA lender reports his SBA… Continue Reading SBA loans through local banks offer flexibility

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Banker takes leap of faith, retires

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Many longtime businessmen and -women struggle with how they might fill their days after the time comes to retire — but not Steve Self. Self, who stepped down April 4 after nine years as president of BBVA Compass Bank in Colorado Springs, sees retirement as an opportunity. “I can’t explain the timing,” said the 52-year-old… Continue Reading Banker takes leap of faith, retires

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Look close by to find corporate fraud

Whistleblowers find what audits may not Look around you. Whether you’re a CEO, entrepreneur, employee of a small business or a corporate conglomerate, statistics show someone in your office is committing fraud. Perhaps he or she is merely pilfering paper towels or medicine from the supply cabinet, but often the crime is far more severe.… Continue Reading Look close by to find corporate fraud

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Vectra forum messages: mixed news, need for sales tax shift

Vectra Bank Colorado hosted its annual Economic Forecast Update breakfast on Wednesday at The Broadmoor’s International Center. As usual, the forum — which featured economists Richard Wobbekind of the University of Colorado Boulder and Phyllis Resnick of the Colorado Futures Center at Colorado State University — attracted more than 200 business owners and community leaders.… Continue Reading Vectra forum messages: mixed news, need for sales tax shift

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Colorado investors bullish on alternative energy

Investors in Colorado feel confident about achieving their long-term financial goals, according to the latest Morgan Stanley Wealth Management poll. High net worth investors (defined as at least $100,000 in investable assets) are also bullish about the Colorado, U.S. and global economies. Collectively, confidence has risen, as shown by 90 percent of Colorado investors anticipating… Continue Reading Colorado investors bullish on alternative energy

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