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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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ANB Bank breaks ground downtown

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ANB Bank breaks ground downtown

ANB Bank began construction on a new downtown banking center Monday afternoon. Representatives from ANB Bank, Bryan Construction and the community attended a ground breaking ceremony. The new $5 million banking center will be a three-story, 18,000 square foot building, located on the southwest corner of Cascade Avenue and Cimarron Street. ANB Bank will occupy… Continue Reading ANB Bank breaks ground downtown

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Strategy: Create, plan, protect assets

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Strategy: Create, plan, protect assets

Standard & Poor’s 500 Index rises and falls akin to ocean waves, even occasionally crashing as breakers. The Nasdaq composite index and Dow Jones industrial average do much the same, although stock markets have been remarkably resilient lately, despite political turmoil. One characteristic stays certain — investing in one’s future remains necessary, regardless of market… Continue Reading Strategy: Create, plan, protect assets

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Crowley still focuses on need to diversify

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Northstar Bank Colorado hosted an economic forecast luncheon recently at Cheyenne Mountain Resort. Northstar President Mark White greeted the group, explaining that the recent merger of The Bank at Broadmoor and Colorado Community Bank makes Northstar the 11th-largest, Colorado-chartered bank with 20 locations on the Front Range and eastern Colorado. “[The merger] allows us to… Continue Reading Crowley still focuses on need to diversify

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Forum evaluates stocks in favorable tone

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Jovial best describes the mood of the audience and Tom Naughton, Southern Colorado regional president, at a recent U.S. Bank Economic Forum breakfast at the Antlers Hilton. Norman Alvis, senior portfolio manager for the bank, zipped through an investment outlook that kept people on the edge of their seats. Some highlights: Markets move in phases.… Continue Reading Forum evaluates stocks in favorable tone

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Employers: Pay the piper, now or later

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Another order needs to be shipped stat, a client drops by, Internet service just went down, and an IRS notice arrives — your employee tax withholdings were miscalculated. Now you owe a hefty fine. Unfortunately, this scenario is all too common. Back in the day, someone would become inspired, start a company doing what he… Continue Reading Employers: Pay the piper, now or later

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