Investors in Colorado feel confident about achieving their long-term financial goals, according to the latest Morgan Stanley Wealth Management poll. High net worth investors (defined as at least $100,000 in investable assets) are also bullish about the Colorado, U.S. and global economies. Collectively, confidence has risen, as shown by 90 percent of Colorado investors anticipating […]
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In the latest indication that Central Bank & Trust continues to dominate the local Small Business Administration loan market, the bank has received the SBA’s statewide “Small Lender Award for 2013.” So far this year, CB&T has completed 16 SBA-backed loans in El Paso County, totaling $9.2 million, far more than any other locally based […]
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Compass Bank has been purchased by Spanish bank Banco Bilbao Vizcaya Argentaria S.A as part of a $9.6 billion cash and stock deal. The transaction is expected to close during the fourth-quarter of this year.
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Inter Reef Ltd. seemed to offer the deal of a lifetime. The Internet-based investment company promised investors would “Get richer with every sunrise,” with a daily return on the investment of 1.5 to 2.5 percent. It promised it used Biblical values to invest money, with short-term “hard money loans” to businesses throughout the United States […]
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When news of a financial scandal at Wells Fargo was made public last month, the implications seemed negative, but not dire. But ongoing investigations and lawsuits against the company are beginning to paint a picture of the San Francisco-based bank as a company that fostered a culture of unethical — and sometimes illegal — activity. […]
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A day in the life of a typical small business owner can be hectic. Many are so busy running the day-to-day operations of their businesses that the financial aspects of the company are often overlooked. Nonetheless, the bottom line of a business won’t improve by itself. “Most small business owners are really challenged just to […]
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Wells Fargo & Co. gave nearly $3.7 million to 1,100 nonprofits in Colorado in 2011. It adds up to about $10,000 a day in giving to nonprofit organizations across the state, including organizations like The National Sports Center for the Disabled and the Anti-Defamation League’s “No Place for Hate,” Wells Fargo officials announced this week. […]
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Second-quarter earnings at Colorado Springs largest locally based banks are a mixed bag. Following the national trend, some are up and some are down. At 5 Star Bank, second-quarter earnings were listed at $7.47 million, an increase over 2009. But it was the sale of assets that most contributed to the increase, said Senior Vice […]
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U.S. private equity fund-raising slipped in the third quarter, raising concern that raising money is losing momentum. Thanks to a strong start to the year, private equity fund-raising is set to top the $95.9 billion raised in 2010, according to Dow Jones LP Source. Private equity funds raised $24.8 billion in the third quarter, accounting […]
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Things are not always what they seem. Trite, but true. If national headlines scream “Another bank fails,” when actually it was an unregulated private lender that failed, it does a disservice to Main Street, said Don Childears, president and CEO of the Colorado Bankers Association, during a Colorado Springs Executives Association meeting. “Nine of 10 […]
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ANB merger completed

ANB Bank completed its merger with Capital West Bank, first announced earlier this year. The $160 million Capital West Bank, headquartered in Laramie, Wyoming, with banking centers in Cheyenne and Fort Collins will now be called ANB Bank. The purchase adds to ANB Bank’s presence in Wyoming and Colorado and will increase ANB Bank’s total assets […]
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Homeowners’ insurers have settled nearly 70 percent of claims resulting from Hurricane Katrina in Louisiana and Mississippi, according to the Insurance Information Institute. The institute estimates that as of Jan. 24 more than 732,000 homeowners’ claims have been settled for a total of $11.4 billion.
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