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Leading banking trade groups agree to merge

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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

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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

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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 month

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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

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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

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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?

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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

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The cyberspace world and blogs have brought awareness to topics ranging from widgets to world news — and the world of investments is no exception.
Here is a list of investment blogs I stumbled upon that had some valuable information, or just gave me a good laugh. Continue Reading No lack of financial advice, info in the blogosphere

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The President’s Identity Theft Task Force has released its strategic plan for combating identity theft.
The plan provides information about identity theft awareness, prevention, detection and prosecution. The three areas of focus include: Continue Reading Feds issue strategic plan to help fight identity theft

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Colorado Springs-based Air Academy Federal Credit Union has merged with Independent Group Credit Union.
The merger brings the credit union’s assets to more than $303 million, and membership to more than 45,000.
Independent Group Credit Union’s office at 705 N. Nevada Ave. will take on the Air Academy Federal Credit Union name, but remain staffed with Independent Group’s employees. Continue Reading Air Academy joins forces with Independent Group

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