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Investors bullish on Colorado economy

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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… Continue Reading Investors bullish on Colorado economy

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Rate of delinquent student loans rises 36 percent

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… Continue Reading Rate of delinquent student loans rises 36 percent

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Pikes Peak National Bank to be featured on Fox Business Network

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 Pikes Peak National Bank to be featured on Fox Business Network

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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… Continue Reading JPMorgan to cut 4,000 consumer banking jobs

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Bank battle: Bankers keep market share, each other in sights

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 Bank battle: Bankers keep market share, each other in sights

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Colorado joins multi-state lawsuit against S&P

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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… Continue Reading Colorado joins multi-state lawsuit against S&P

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ANB renovating its Circle Banking Center

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ANB renovating its Circle Banking Center

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 ANB renovating its Circle Banking Center

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National spotlight: Pikes Peak National Bank recognized for work with local small businesses

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… Continue Reading National spotlight: Pikes Peak National Bank recognized for work with local small businesses

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Law enforcement agencies from Denver to Colorado Springs are on the look out for the so-called “Clearninghouse bandit” — the person they believe has robbed 13 banks, including one in Colorado Springs. Local police, along with the FBI Rocky Mountain Safe Streets Task Force, are investigating 13 bank robberies — nine in Denver, three in… Continue Reading Police say robber hit 13 banks along Front Range since August

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Central Bank earns top status with SBA

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When the numbers rolled in for 2012 about Small Business Administration-backed loans in El Paso County, no one at Central Bank & Trust was surprised that their bank ranked in the top echelon. The bank approved $11.3 million in SBA 7a loans — the most in dollar amount for the county in fiscal year 2012.… Continue Reading Central Bank earns top status with SBA

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