Home » Posts tagged with » banking (Page 4)

Boulder banker accused of fraud

Comments Off

The Colorado Securities Commission filed a complaint and issued a temporary restraining order against a Boulder company, alleging that they are violating the anti-fraud and licensing provisions of the Colorado Securities Act. Mark Hamilton Yost and his company, Yost Co., are accused of defrauding investors in at least one private fund. The company is accused… Continue Reading Boulder banker accused of fraud

Continue reading …

Rocky Mountain Bank on mend, still far to go

Comments Off

For more than 100 years, it was a solid, healthy community bank. Then the Great Recession hit. Rocky Mountain Bank & Trust, based in Florence, Colo., has been plagued by bad loans and low capital ratios since 2008. The situation became so serious, the bank was forced to sign an agreement with the Federal Deposit… Continue Reading Rocky Mountain Bank on mend, still far to go

Continue reading …

In what the Colorado Banking Association has called a “controversial, last-minute bank-assessment tax,” Congress has asked banks to cover the costs of the new Consumer Financial Protection Bureau. The bank would do so by increasing the deposit insurance fund of the Federal Deposit Insurance Corp. Of course, increasing the insurance fund means asking banks to… Continue Reading Bankers: Industry reforms likely to cut into lending

Continue reading …

Peoples Mortgage acquires Lincoln Mortgage

Comments Off

Peoples Mortgage Corp., a subsidiary of Peoples National Bank, has purchased Lincoln Mortgage Inc. The signage at Lincoln’s only branch, 6809 Space Village Ave, near Peterson Air Force Base, is being changed to reflect the new ownership. For more than 30 years, Peoples has been a community bank and mortgage company in El Paso Country.… Continue Reading Peoples Mortgage acquires Lincoln Mortgage

Continue reading …

Delinquent loans hurting local banks

Comments Off

The economy is slowly recovering, but several locally chartered banks are still struggling to regain their footing after a downturn that left them with piles of loans gone bad. According to the latest ratings from BauerFinancial, a widely watched service that tracks the industry, six banks in the region received two or fewer stars. A… Continue Reading Delinquent loans hurting local banks

Continue reading …

The banking industry in Colorado has seen better days, to be sure. But when compared to banks in the West, Colorado’s financial institutions have fared relatively well. The Federal Deposit Insurance Corp.’s latest profile for Colorado showed that, for the 145 institutions in Colorado, return on assets — a measure of profitability — increased 0.63… Continue Reading Colorado banks report improvements in capital

Continue reading …

Federal regulators on Monday adopted a plan to ensure that banks’ pay policies don’t encourage employees to take reckless gambles like those that contributed to the recent financial crisis. The plan, originally proposed by the Federal Reserve last year, was also endorsed by other key banking regulators – the Federal Deposit Insurance Corp., the Office… Continue Reading Regulators OK plan to police banks’ pay policies

Continue reading …

Banks are in the midst of a misbegotten, last-ditch effort to protect the billions of dollars they make each year from debit-card “interchange fees,” the charges they hit businesses with each time a consumer swipes their card. The financial-overhaul bill approved by the U.S. Senate last month includes an amendment that would limit just how… Continue Reading Spare small businesses and lower debit-card fees

Continue reading …

By  Rebecca Tonn rebecca.tonn@csbj.com A growing number of banks have realized it’s time they Tweet, Friend and blog or risk losing younger generations. They have good reason to join the social media revolution. Embracing it can increase retail banking revenue up to 10 percent, according to a report by Cisco Internet Business Solutions Group. Locally,… Continue Reading Bankers have new reason to brush up on social skills

Continue reading …

One of Colorado Springs’ own will be refereeing the state’s banking industry. The Department of Regulatory Agencies appointed Steve Strunk, president of Kirkpatrick Bank in Colorado Springs, as Colorado’s new banking commissioner, beginning April 12. It has been more than a year since Colorado has had a banking commissioner. “You only get an opportunity like… Continue Reading Strunk heading north to referee state’s banking industry

Continue reading …
Page 4 of 512345