With the commercial real estate market depressed and lending standards tight, few commercial developers qualify for loans these days. Competition between banks is fiercer than ever. It might come as a surprise, then, that two competing local banks, 5 Star Bank and Central Bank and Trust, are collaborating to finance a $3 million redevelopment project. […]
The number of November foreclosure filings nationwide surged 68 percent compared with the same month a year ago. Analysts from RealtyTrac say that in all, 201,950 foreclosure filings were reported last month, compared with 120,334 during November 2006. Still, last month’s filings are down 10 percent from October’s 224,451. The decline in filings from October […]
They rival Baby Boomers in numbers at 80 million strong. The lucky ones have received or are in the process of obtaining a college education, and have found or will find their place among the professional workforce. Some have learned hard lessons from the generations preceding them, view “debt” as one of the worst four-letter […]
The Sierra Club’s mutual fund investment arm has launched an index that will track the 100 largest companies that have implemented environmental preservation measures. The Forward Progressive Large Cap 100 Index includes companies that meet more than 20 environmental criteria, including five exclusionary criteria that consist of tobacco, drilling, mining and military weaponry.
When it comes to connecting potential investors with micro- and small-cap companies, Accredited Members Holding Corp. has been compared to a dating service. One of less than a handful of publicly traded companies in Colorado Springs, Accredited Members (OTCBB: ACCM) is far better known outside the region than in it. “They represent one of those […]
The dreaded R-word is being bandied about these days by pundits, consumers and business owners, but is it really all that bad? Yes, and no. “People are terrified of recessions, but recessions aren’t what they used to be,” said Michael J. Swanson, senior economist at Wells Fargo Private Bank’s Focus 2008 panel discussion last week at the Fine Arts Center.
Here’s a look at what economists and bankers foresee for 2010. Equity markets and investing Slowly the economy will improve. But meanwhile, opportunities are already available for investors. “We’re expecting positive gross domestic product growth in 2010 — maybe in the 2.5 percent range,” said Jeff Savage, senior director of investments for Wells Fargo Private […]
FirstBank Holding Co. has consolidated its 25 charters, forming a single charter, simply called FirstBank. The bank is based in Lakewood, Colo., and has 10 branches in Colorado Springs. Customer accounts, checks and statements will remain the same, as will all branches and ATM sites. But the change will definitely have an impact on the […]
Credit card fraud can be costly to companies, but there are methods business owners can employ to limit their losses. It’s not a new problem, but most of the fraud now occurs in the e-commerce realm, rather than at the checkout counter. While so-called “chip cards” have mostly thwarted fraud in stores, identity theft and […]
The Credit Union of Colorado will open its $1.4 million full-service credit union on Austin Bluffs Parkway Feb. 6. The new credit union will feature three teller stations and three drive-thru lanes, a model tried in other Colorado cities and received well by its members, said Doug Schneider, the credit union’s marketing vice president. The […]
Sturm Financial Group is consolidating two of its banking groups, folding Premier Bank under the ANB Bank name. Premier Bank in Kansas and Missouri has been a longtime member of Sturm Financial Group Inc., an independent bank holding company located in Denver. The parent company also owns ANB Bank. “We are consolidating our two banking […]
Dow Jones Indexes and Wilshire Associates, a global investment services and consulting firm, announced that Bahrain, Kuwait and Sri Lanka will be added to the Dow Jones Wilshire Global index family. Michael A. Petronella, president of Dow Jones Indexes, said the countries were added because of the growing importance of such emerging markets to the […]