Stockmens Bank, started in crisis, thrives today
Stockmens Bank 601 N. Nevada Ave. Owner, founder and president: Rob Alexander Number of employees: 17 Website: www.thestockmensbank.com/ Rob Alexander opened Stockmens Bank in November 2008, just as Bear Stearns was failing, AIG was declared “too big to fail” and the nation’s monetary system was suffering. It was good timing — at least in Alexander’s opinion. [...]
Inter Reef Ltd. seemed to offer the deal of a lifetime. The Internet-based investment company promised investors would “Get richer with every sunrise,” with a daily return on the investment of 1.5 to 2.5 percent. It promised it used Biblical values to invest money, with short-term “hard money loans” to businesses throughout the United States [...]
Continue reading …Colorado investors are optimistic about the markets and about the Colorado economy, according to a Morgan Stanley poll. Investors show renewed confidence in meeting financial goals but are still concerned about international conflicts and the U.S. budget deficit. The poll shows that Colorado area investors with at least $100,000 in investable assets are optimistic about [...]
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The amount of delinquent student loans was $3 billion during the first two months of the year, an increase of more than 36 percent from a year ago, said the latest National Consumer Trends Report form Equifax. Balances in bankruptcy cases remained level at $.5 billion, according to the report. The increase in derogatory or [...]
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The “In View” special edition half hour show featuring Pikes Peak National Bank and two Colorado Spring small businesses will air on the Fox Business Network. The show is set for 2:30 p.m. March 30.. Pikes Peak National Bank president Robin Roberts was interviewed in January for the show. She spoke about community banks’ relationship [...]
Continue reading …Financial giant JPMorgan has announced plans to cut about 4,000 jobs, mostly from its consumer banking and mortgage divisions. The move also could hint at a new direction for JPMorgan, one toward a leaner staff. The cuts only amount to a 1.5 percent workforce reduction for the bank, but the news comes on the heels of [...]
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With 38 banks clawing for market share, banking competition in El Paso County is fierce, and bankers do whatever it takes to gain an edge. They steal competition. They restructure rates. They renovate branches, renew relationships and in some cases resist change to gain a reputation of consistency. And though their battle plans differ, their [...]
Continue reading …Colorado has joined the federal government and other states in suing Standard and Poor’s in connection to the ratings that the agency issued on structured financial securities, including residential mortgage-backed securities that were issued from 2004 to 2007. The lawsuit is part of a joint federal-state effort to hold those responsible for their part in [...]
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ANB Bank is renovating its Circle Banking Center as part of several remodeling projects across the state. The bank is remodeling six branches in Colorado and Wyoming and expanding into a new Front Range community, Castle Rock. ANB described the $2 million project at its Circle Banking Center as extensive. The branch is at the [...]
Continue reading …National spotlight: Pikes Peak National Bank recognized for work with local small businesses
January 10, 2013 1 Comment
Robin Roberts took a seat under some bright lights and the video cameras started rolling. Roberts, the president of Pikes Peak National Bank, talked about the thing she loves most: community banks’ relationship with small businesses. Community banks are small businesses themselves, she said, so they know the challenges and the needs that come with [...]
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