3 more Colorado banks in trouble…

Federal regulators issued major enforcement actions on Friday. Three banks in Colorado; Bank of Choice, Signature Bank and Pueblo Bank and Trust; were given directives by the Federal Deposit Insurance Corporation (FDIC) to raise capital or risk being shut down. When a...

Curtain Pulled Back on 2007′s Bank Run

Fed documents show how dire crisis was becoming In August 2007, as world financial markets were seizing up, domestic and foreign banks began lining up for cash from the Federal Reserve Bank of New York. That Aug. 20, Commerz bank of Germany borrowed $350 million at...

Entrepreneur’s hang on!

FirsTier of Louisville; a small community bank in Colorado; was taken over by the FDIC a couple of weeks ago.  It is now on the long list of failed banks in the U.S.;  let me ask you this, was FirsTier’s leadership negligent in its strategy?  FirsTier had the...

Bank Closure update

FirsTier Bank of Louisville Bank Closure Information Press Release 2.1.2011 2/1/2011 The Colorado Banking Division had no additional information for customers on the closure of FirsTier Bank of Louisville.  (http://www.denverpost.com/search/ci_17254790) 2/1/2011...