With business loans of about $200 million and a single downtown location, First Community Bank is poised to extend its lending reach with a second location in 2006. The bank received approval this month to open a branch near the intersection of Union and Academy boulevards, said First Community Bank Regional Vice President Doug Woods.
Accountants at Biggs Kofford did a double take last week when they saw that tax planning information on the Colorado Department of Revenue Web site had changed. Relying on information they had initially received from the DOR, accountants from the firm released information notifying taxpayers that excess revenue collected under the state’s Taxpayer’s Bill of Rights would not only mean they were entitled a refund from the state but also an opportunity for tax breaks in the form of the expanded Colorado source capital gain subtraction, charitable contributions subtraction, interest and dividend subtraction and the child care or child tax credit.
Retirement planning information just established a new address on the information superhighway. As an alternative to the typical wealth building or retirement planning seminar during a dinner hosted at a local hotel, Legacy Advisors of Colorado Springs is offering another route to become educated about retirement planning options.
The federal bank, thrift and credit union regulatory agencies have issued an amendment to the Fair Credit Reporting Act that allows inquiries into medical information to determine credit eligibility. The amendments, which become affective April 1, will also allow credit affiliates to share medical information.
There has been a lot of talk lately about Americans saving less money these days, and by some accounts the nation’s personal savings rate is at its lowest point since the Great Depression of the 1930s. Experts say this is a problem because it’s leaving Americans ill-prepared for emergencies and retirement, and building potential for a financial crisis down the road.
It was déjà vu come true for U.S. Bank this week as officials re-opened the lobby of the branch at Pikes Peak and Wahsatch. The lobby has been closed to walk-in business since the late 1990s, when banking traffic at the location took a dive, said Lana Yeakel, president of U.S. Bank downtown.
U.S. Bank welcomed Academy Bank to the downtown neighborhood last week with a practical joke. Unidentified officials from U.S. Bank posted a sign on the boarded windows of Academy Bank’s soon-to-open downtown branch, which is still under construction, that read “Construction funded by U.S. Bank.”
A majority of Colorado’s business leaders favor Referenda C and D, according to a Vectra Bank survey. The Vectra 100 survey was conducted through mid-September. Sixty percent of those surveyed said they supported C and D. Only 10 percent of those surveyed said they opposed C and D, and another 30 percent said they were […]
Continuing on a four-year trend, Wells Fargo reported this week that its third-quarter profits were up 13 percent. It may be proof that Wells Fargo’s formula of capitalizing on the mortgage and commercial loan market is working, considering the strategy has provided the bank with double-digit earnings for the last four years. However, changes to […]
It’s been only two and one-half weeks since America became the target of terrorism. Aside from lost lives and economic damage that continues to mount, consumer confidence took a big punch in the gut. People are afraid to fly despite the increasingly lower airfares and some investors are pulling – what is left of their […]