FirstBank contributed $4.2 million to more than 1,000 nonprofit organizations across the state in 2011. FirstBank Holding Company, the Lakewood-based holding company for the locally owned banking organization in Colorado, released the results today of its annual community investment program. Since 2000, FirstBank has donated more than $36 million to area nonprofits. “FirstBank invests heavily [...] [...]
The city of Fountain was awarded a certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada. Fountain received the award for its comprehensive annual financial report. The certificate is the highest form of recognition in the field of governmental accounting and financial reporting. The [...] [...]
Colorado’s small businesses may get some promising news about increased access to capital next week when bankers release the details of their “Let’s Talk Small Business” initiative. [...]
Colorado medical marijuana business owners are turning their attention to Congressional lawmakers for banking relief now that a Colorado proposal to create their industry’s own financial institution was killed on Valentine’s Day. Sen. Pat Steadman’s, D-Denver, proposal to create a financial cooperative for medical marijuana businesses was postponed indefinitely by the Senate’s Finance Committee. It [...] [...]
Venture capital funding in the life sciences sector, which includes the biotechnology and medical device industries, increased 21 percent during 2011, according to a new PricewaterhouseCooper’s report, “Zigzagging Upward.” Venture capitalists invested a total of $7.5 billion in 785 life sciences deals during the year, topping 2010 performance despite a drop from the third to [...] [...]
Stressed borrowers ought to be given the opportunity to pursue loan modification remedies before the lender forecloses on their home. That is the heart of Colorado Senate Bill 71, proposed by Sen. Angela Giron, D-Pueblo. Under her legislation, lenders would need to work with a borrower “to effectuate a cure for default rather than move [...] [...]
The Credit Union of Colorado will open its $1.4 million full-service credit union on Austin Bluffs Parkway Feb. 6. The new credit union will feature three teller stations and three drive-thru lanes, a model tried in other Colorado cities and received well by its members, said Doug Schneider, the credit union’s marketing vice president. The [...] [...]
The Credit Union of Colorado has launched a foundation to raise grant money for human services and education. The Credit Union of Colorado, which was founded in 1934, has a membership that includes teachers, college and university employees and state employees, retirees and their family members. The foundation is a way to continue supporting philanthropic activities [...] [...]
Ent Credit Union is returning $10 million to its credit union members in a one-time special dividend which will be in their accounts this week. The 209,000 members will receive from $25 to $1,000 depending on their use of credit union products and services in 2011. Member use of the credit union for loans and [...] [...]
Colorado medical marijuana business owners are hoping a proposal to create their industry’s own financial institution will gain support among Colorado lawmakers. The medical marijuana industry was hit hard last year as banks continued to shut them out of their accounts. Sen. Pat Steadman, D-Denver, said he plans to introduce a bill next week that [...] [...]
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