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Banker takes leap of faith, retires

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

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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Vectra Bank offers economic forum via webcast

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Vectra Bank offers economic forum via webcast

  Three of Colorado’s top economists will forecast the state’s fiscal health this year at Vectra Bank’s 21st annual Economic Forecast Update. Business owners and community members are invited to view the event via webcast. It will be streamed  live from 7:30a.m. to 9 am, Wednesday, Feb. 5.  For more information or to register, visit… Continue Reading Vectra Bank offers economic forum via webcast

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Making a business attractive to buyers

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Making a business attractive to buyers

Start your engines — there hasn’t been a better time to race to the finish line in years. With 10,000 Baby Boomers turning 65 each day for the next 18 years, younger boomers are looking to buy businesses from those ready to retire. Not only that, but the economy has roared to life — or… Continue Reading Making a business attractive to buyers

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NavPoint sells building on Dublin Blvd. for $1.27M

NavPoint Real Estate Group has sold the building at 2805 Dublin Boulevard in Colorado Springs. The property was sold at a 7 percent capitalization rate in mid-January to Balbach Street Properties LLC for more than $1.27 million. That amounts to $144.20 per square foot of the 8,824-square-foot building. It was on the market 30 days.… Continue Reading NavPoint sells building on Dublin Blvd. for $1.27M

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Federal lending rules change to help consumers

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Federal lending rules change to help consumers

Mortgage lenders now have bigger hoops to jump through to make loans for consumers, thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act, which went into effect Friday, may mean more paperwork required from consumers, but its provisions are intended to protect consumers from unscrupulous lenders, said Jon Paukovich, vice president… Continue Reading Federal lending rules change to help consumers

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Year in review: Banking and finance

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Year in review: Banking and finance

For banking and finance, local industry was characterized by intense competition, bank-hopping executives, relationship-building, Frank-Dodd Act compliance challenges and, finally, the return of lending.   January 10 National spotlight: Pikes Peak National Bank recognized Robin Roberts took a seat under some bright lights and the video cameras started rolling. Roberts, president of Pikes Peak National… Continue Reading Year in review: Banking and finance

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Federal Reserve launches Investment Connection Online

The Federal Reserve Bank of Kansas City has launched a Web-based tool called Investment Connection Online. The goal is to match funders–including financial institutions, government, corporate enterprises and community foundations–with organizations that have community and economic development proposals that need an investment, grant or loan. Investment Connection makes it easier for funders to learn about… Continue Reading Federal Reserve launches Investment Connection Online

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