I was talking to a friend the other day about the story in this week’s paper about whether American’s are saving enough for retirement when he started bragging about how he will be a millionaire by the time he is 55 because of his investment portfolio.
The goal of becoming a millionaire is a growing starry-eyed dream of many people in America. It has motivated quiz shows and rock songs lyrics. Like the Barenaked Ladies’ sang, “If I had a million dollars, I’d be rich.” Continue Reading Ever wonder what it really takes to be a millionaire?
American National Bank has broken ground for its newest facility near the intersection of Powers and Union boulevards at 4194 Royal Pine Drive.
The two-story banking center will become American National Bank’s sixth full-service location in the Colorado Springs area. The 10,000-square-foot, full-service bank will have three drive-up lanes and a 24-hour drive-up ATM access. Continue Reading American National Bank expanding its footprint
BauerFinancial Inc., a company which analyzes and reports about the financial condition of the nation’s banks and credit unions, has a report about financial institutions in Colorado. Here are highlights of banks in Colorado Springs (unless otherwise noted): Continue Reading Bauer issues ratings for Pikes Peak region banksContinue reading …
Two banking trade groups, the American Bankers Association and America’s Community Bankers, said this week that their boards have agreed to pursue a merger. The merger is expected to be finalized by the fourth quarter.
The new trade group will be called the American Bankers Association. Continue Reading Leading banking trade groups agree to merge
The Federal Deposit Insurance Corp. has launched a new publication: the FDIC Quarterly.
The report is a compilation of data and analyses that were previously available through three publications — the FDIC Outlook, FDIC Banking Review, and the FDIC Quarterly Banking Profile. Continue Reading Latest FDIC publication a comprehensive report
On Nov. 2, the Federal Deposit Insurance Corp.’s Board of Directors approved the final rule to implement provisions of the Federal Deposit Insurance Reform Act of 2005 that provides penalties for failure to timely pay assessments. The FDIC will apply the provisions of the final rule beginning with the assessment collection made on June 29. Highlights of the provisions include: Continue Reading Assessment late charges kicking in at end of monthContinue reading …
Pioneer Services is opening a branch at 2710 S. Academy Blvd., Suite 130 on Tuesday. It is relocating from 3273 S. Academy Blvd.
Pioneer Services is a lender that has been in the Colorado Springs area for more than 20 years. It offers products and services exclusively to members of the military, having served more than 1.3 million families from 19 locations near military bases throughout the United States and Germany. Continue Reading Georgia-based company buys Pioneer Services
BOK Financial Corp. of Tulsa is purchasing First United Bank for $43 million.
First United has one branch in Colorado Springs, at 1310 United Heights near Interquest Parkway and state Highway 83, and 10 branches in Denver. The deal is expected to close by the end of June but is subject to regulatory approval. Continue Reading BOK Financial acquiring First United for $43M
Take out those pens or pencils and test your knowledge about credit in America and credit card policies by taking this quiz from the Public Broadcasting Station program Frontline. The answers are at the bottom of the page (but don’t cheat) along with more information about credit in America.
1. How many credit cards does the average American family have? Continue Reading Ever wonder how much you know about credit?
Omaha Financial Holdings Inc. is purchasing Golden-based Peak National Bank. The transaction is expected to be completed within 150 days, subject to closing conditions and necessary approvals.
Terms of the agreement were not disclosed.
The acquisition is the first for Omaha Financial Holdings, a subsidiary of Mutual of Omaha created/chartered in 2007. No significant changes are anticipated in the management or personnel at Peak National Bank.
Peak National Bank opened its first location in Nederland in 1986. It now has locations in Bergen Park/Evergreen, Conifer, Lakewood, Golden, Highlands Ranch and Idaho Springs.
Mutual of Omaha had consolidated assets of more than $19 billion in 2006. Continue Reading Omaha Financial Holdings to acquire Peak National