Central Bank earns top status with SBA
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. [...]
The local economy is improving, despite what naysayers are wont to say. It’s not all doom-and-gloom anymore, and one local economist is out to prove it with data. Year-to-date residential home resales are up 8 percent in El Paso County. Nationally, however, resales are down 22 percent. “We’ve fared so much better than the national [...]
Continue reading …After months of regulatory red tape, Central Bancorp has received approval to open locally as Central Bank & Trust at 1 S. Nevada Ave. After the company acquired Farmers & Stockmens Bank in Clayton, N.M., and obtained a Colorado banking charter, federal regulatory agencies gave final approval. Central Bank & Trust is scheduled to open [...]
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