by Rob Larimer Published: May 25,2011
Tags: banking
The number of FDIC-insured banking institutions in Colorado dropped from 145 in March 2010 to 112 in March this year, according to the Federal Deposit Insurance Corp. Assets decreased from $51.8 billion to $44.8 billion, and deposits decreased from $44.4 billion to $38.8 billion. The number of full-time banking employees in the state also fell [...] [...]
by Amy Gillentine Published: April 29,2011
Tags: Air Academy, banking, debit cards, Dodd Frank, Ent Federal Credit Union, fees
Proposed debit card regulations have pitted the nation’s financial institutions against retailers — but consumers could be the ones caught in the middle. At issue is more than $12 billion in annual debit card processing fees, money that merchants pay to banks to process debit card transactions. The regulations, part of the Dodd-Frank legislation that [...] [...]
by Rebecca Tonn Published: February 25,2011
Tags: Accredited Members Holding, banking, David Lavigne, J.W. Roth, Pat Boone
When it comes to connecting potential investors with micro- and small-cap companies, Accredited Members Holding Corp. has been compared to a dating service. One of less than a handful of publicly traded companies in Colorado Springs, Accredited Members (OTCBB: ACCM) is far better known outside the region than in it. “They represent one of those [...] [...]
by Rebecca Tonn Published: February 25,2011
Tags: banking, Foreclosure, HB 1139, loan
Two groups that used to work closely together — banks and commercial developers — aren’t holding hands at the party any more. Banks say they need more leverage to recoup losses when loans go into default. Developers maintain they are being pushed into bankruptcy because of the way banks handle existing loans and their refusal [...] [...]
Bank of Hawaii has been sued by customers alleging the bank used “unfair and deceptive” overdraft fee practices. Honolulu residents Lodley and Tehani Taulava are accusing the bank of systematically re-ordering debit card transactions from highest dollar amount to lowest dollar amount. A class action lawsuit filed on their behalf in state Circuit Court Tuesday [...] [...]
For the first time in several years, bank stocks rose across the board last year. Stock prices also rose at the three national banks that operate in the Pikes Peak region: Wells Fargo and Co., U. S. Bancorp, and JPMorgan Chase and Co. Wells Fargo and Co.’s stock stood at $31.65 per share earlier this [...] [...]
by Rebecca Tonn Published: December 31,2010
Tags: banking
Although lending is not likely to increase dramatically, there is some hope that 2011 will mean better things in the banking world. The healthiest local banks — 5 Star Bank, The Bank at Broadmoor, Central Bank and Trust, and FirstBank — are staying the course, maintaining capital levels and working through whatever bad loans they [...] [...]
Carnick and Co., a fee-only financial planning firm based in Colorado Springs, is wrapping up what it says was the best year in the firm’s 35-year history. The company has averaged 16-percent growth each year for the last 10 years. This year, that percentage jumped to 22 percent. Founder and President Craig Carnick said there [...] [...]
by Rebecca Tonn Published: December 10,2010
Tags: banking
FirstBank Holding Co. has consolidated its 25 charters, forming a single charter, simply called FirstBank. The bank is based in Lakewood, Colo., and has 10 branches in Colorado Springs. Customer accounts, checks and statements will remain the same, as will all branches and ATM sites. But the change will definitely have an impact on the [...] [...]
by Rebecca Tonn Published: November 19,2010
Tags: banking
Upheaval and uncertainty. There’s been no shortage of either at area banks, even those with solid balance sheets. In the past six months, some of these banks have also seen what’s often inevitable in Corporate America: Changes at the top. Four financial institutions with a footprint in the area have recently lost or replaced their [...] [...]
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