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Small businesses aided by new lending fund

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Some businesses in Colorado are getting more loans than in recent years under a new Small Business Lending Fund. The U.S. Department of the Treasury released a report this week showing that Colorado banks have increased their small business lending by $79.4 million since receiving capital through the fund. The SBLF was established as part… Continue Reading Small businesses aided by new lending fund

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Banks launch effort to reverse image

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Colorado bankers have launched a campaign that attempts to reverse their image as the tight-fisted scrooge holding up the progress of small business. Continue Reading Banks launch effort to reverse image

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Colorado to receive $51m in bank settlement

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Colorado will use the $51.17 million it received under the recent multi-state settlement with the country’s five largest banks to pay for homeowner relief and foreclosure-prevention efforts throughout the state. “These funds will help keep Coloradans in their homes and prevent future foreclosures,” Attorney General John Suthers said in a statement. “In cooperation with the… Continue Reading Colorado to receive $51m in bank settlement

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Sturm Financial Group is consolidating two of its banking groups, folding  Premier Bank under the ANB Bank name. Premier Bank in Kansas and Missouri has been a longtime member of Sturm Financial Group Inc., an independent bank holding company located in Denver.  The parent company also owns ANB Bank. “We are consolidating our two banking… Continue Reading Sturm Financial Group consolidates banking groups

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Wells Fargo & Co. gave nearly $3.7 million to 1,100 nonprofits in Colorado in 2011. It adds up to about $10,000 a day in giving to nonprofit organizations across the state, including organizations like The National Sports Center for the Disabled and the Anti-Defamation League’s “No Place for Hate,” Wells Fargo officials announced this week.… Continue Reading Wells Fargo gave $3.7 million to nonprofits in 2011

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Average state refund about $500

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More than half of Coloradans are expected to receive a tax refund of about $500 from the state. Last year, 70 percent of individual taxpayers received a tax refund from the state of Colorado and the average state personal income tax refund was $535. So far this filing season, the average refund is about the… Continue Reading Average state refund about $500

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Seven Colorado banks and credit unions have signed up to participate in the Small Business Administration’s Export Express loan guaranty program. It means more access to capital for small businesses interested in beginning or expanding their export services. Seven private lenders, covering most counties in Colorado, have signed agreements to participate in the program. SBA… Continue Reading SBA creates express loan program for exporters

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Farm Credit of Southern Colorado will break ground Monday on a $7.5 million building, off Platte Avenue and Wooten Road. The 39,360-square-foot building, at 5110 Edison Ave., will be the headquarters office for the growing Farm Credit of Southern Colorado. Farm Credit, which specializes in agricultural financing for farmers, ranchers and agribusinesses, is currently located… Continue Reading Farm Credit of Southern Colorado builds $7.5 million headquarters office

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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… Continue Reading FirstBank gives $4.2 million to nonprofits in 2011

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Fountain wins award for financial report

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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… Continue Reading Fountain wins award for financial report

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