INDUSTRY INSIGHTS YOUR PEERS ARE READING
The company will close a dozen branches, including eight in Colorado. Community banks Strategic buyers Growth strategies Colorado MORE
First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public. Community banking IPOs M&A Growth strategies Colorado Washington MORE
Colorado and Arizona recently joined the growing number of states that allow state charted credit unions the controversial option of compensating board members. The post Colorado, Arizona OK board compensation appeared first on CUInsight. MORE
CMS), a Colorado-based corporation. The Debtor filed a complaint in the bankruptcy court seeking to disallow the Assignee’s claim on the grounds that the interest rate on the loan was usurious under Colorado law. MORE
In a January 4 posting , Colorado’s outgoing Attorney General, Cynthia Coffman, issued an administrator’s opinion as to whether Section 5-2-214 of the Uniform Consumer Credit Code prohibits supervised lenders from utilizing post-dated checks, debit authorizations, and other forms of up-front payment authorization, as security for payment of “alternate charge” consumer installment loans. MORE
By an overwhelming vote (approximately 1,4270,000 million to 433,000), Colorado voters passed Proposition 111, a ballot initiative that places a 36 percent APR cap on payday loans. The question presented to voters was: Shall there be an amendment to the Colorado Revised Statutes concerning limitations on payday lenders, and, in connection therewith, reducing allowable charges on payday loans to an annual percentage rate of no more than thirty-six percent? MORE
Uber is rolling out more ways to get around with expanded train and bus tickets for its customers in Denver, Colorado. Ridesharing Colorado Mobile Payments News public transport transportation Uber What's Hot MORE
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis (D) to Governor of Colorado. MORE
(The Paypers) The Colorado Division of Securities has filed cessation orders against four Initial Coin Offerings (ICOs) allegedly involved in fraudulent practices MORE
Capital Community banking TARP ColoradoGrand Mountain Bank raised $7 million to help it exit the crisis-era capital program. MORE
The Montana company has agreed to buy Columbine Capital in a deal that will add five branches and $330 million in loans in Colorado. Community banking M&A Capital Montana Colorado MORE
CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses. Commercial lending Commercial banking M&A Branch banking Fee income Earnings Greg Carmichael Fifth Third MORE
Digital lenders have been partnering with banks to get around state-by-state usury caps, but that approach is facing tougher scrutiny. Marketplace lending Court cases Enforcement Law and regulation State regulators Avant WebBank MORE
She was invited to meet with Colorado Representatives Polis and Perlmutter, who''ve been trying to find a way around the inconvenient fact that what might be legal in Colorado in the way of raising, refining, and selling marijuana for recreational use is still a violation of Colorado criminal laws, as is the handling of funds derived from such illegal activities by banks. MORE
Colorado and Maryland have each enacted legislation regulating student loan servicers. On May 13, Colorado Governor Jared Polis (D) signed into law SB 19-002 , and that same day, Maryland Governor Larry Hogan (R) signed HB 594. State CFS Monitor Student Loans colorado Maryland MORE
Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. The report said Colorado “had 2,917 licensed marijuana businesses and 41,076 individuals licensed to work in the industry as of June.”. MORE
office is in Boulder, Colorado. Digital Banking Colorado debit card FinTech Glint Pay gold london MasterCard News Sutton Bank What's HotA company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. MORE
The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million. Retail California Cannabis Colorado Marijuana News revenue sales taxes What's Hot MORE
As discussed in an earlier post , on November 6, 2018, Colorado’s voters passed Proposition 111 , seeking to limit interest rates and fees charged on payday loans in Colorado to an annualized percentage rate of thirty-six percent. Effective February 1, 2019, the proposition amends Colorado’s Deferred Deposit Loan Act (C.R.S. Lenders who originate payday loans should be mindful of the application of Colorado’s new rate cap. MORE
Amazon.com is gearing up to open an Amazon 4-star store in Colorado later Thursday (November 1). According to a report in CNET citing Amazon, the second 4-star store will be located in Park Meadows mall in Lone Tree, Colorado, just outside of Denver. MORE
million for the parent of First State Bank of Colorado. Community banking M&A Capital Colorado CaliforniaThe California company will pay $39.4 MORE
Guaranty Bancorp in Denver has agreed to buy Home State Bancorp in Loveland, Colo., for $133.7 million in cash and stock. The deal is expected to close in the summer. breaking_news community-banking co dealmaking-strategy MORE
Partner Colorado Credit Union today announced the creation of Safe Harbor Services, LLC, which will sell and distribute the credit union’s Safe Harbor cannabis banking program. The post Partner Colorado Credit Union launches cannabis banking CUSO appeared first on CUInsight. MORE
The company will add two branches between Denver and Colorado Spring by buying the deposit-rich Castle Rock Bank. Community banking M&A Capital Colorado MORE
The Colorado Attorney General reached a $175,263 settlement with a lender and a debt management company that are owned and operated by the same individuals. Colorado law prohibits debt management companies from offering loans through a related company due to the risk of a conflict of interest. MORE
First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal. Community banking M&A Small business lending SBA Indiana MORE
How Colorado Enabled Digital Driver’s Licenses With The myColorado App. The state of Colorado is one of 12 states currently developing a digital driver’s license program, with the launch of its myColorado app in October. MORE
Marijuana banking Cannabis Regtech Fintech ColoradoA fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity. MORE
The passage of Proposition 111, which also prohibits lenders from adding origination and monthly maintenance fees, makes Colorado the fifth state to impose caps on payday loans through a voter referendum. Payday lending Consumer lending Law and regulation Colorado MORE
Tip #1: It’s not all about your bank—even when it’s about your bank Retail Banking Blogs Social Media Channels. 1Social Media MORE
The state has expanded the scope of ongoing legal actions against Avant and Marlette to include several securitization trusts and trustees. Midland Funding v Madden Marketplace lending MORE
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis to Governor of Colorado. MORE
Fintech Community banking Small business lending California ColoradoPacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing. MORE
Colorado’s bill does have support from some lawmakers. “My My sense is that we will continue to support blockchain industry growth in the Colorado economy while at the same time look within our own government sector for practical blockchain applications that warrant funding,” State Sen. MORE
The Colorado Attorney General’s Office recently published licensing applications for entities that are engaged in servicing student loans owed by Colorado residents. Under the Colorado statute, student loan servicers must be licensed by January 31, 2020. MORE
M&A Community banking Asset management ColoradoIndependent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp. MORE
Having declared the CFPB eviscerated by President Trump, Colorado’s newly elected Democratic Attorney General, Phil Weiser, is expected to take an active approach to consumer protection. State CFS Monitor colorado weiserIn this week’s podcast, Ballard Spahr Partner Matt Morr, based in the firm’s Denver office, discusses Mr. Weiser’s background, key appointees, and likely areas of focus. To listen to the podcast, click here. MORE
Community banking M&A Commercial lending Colorado New MexicoThe Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit. MORE
Community banking M&A Growth strategies Capital Oklahoma ColoradoThe deal for the Denver commercial lender joins a growing list of large acquisitions being announced in competitive urban markets. MORE
PYMNTS recently spoke with Russell Castagnaro, director of digital transformation at the Colorado Governor’s Office of Information Technology , about the app’s development, and how it addresses Coloradans’ concerns regarding security and privacy. but Colorado will be there.”. MORE
Inside The Launch Of Colorado’s New State-Run Digital Driver’s License. Colorado is one of 12 states currently developing a digital driver’s license program, with the October rollout of the myColorado app. MORE
Colorado Related Topics PYMNTS
FEBRUARY 13, 2019
The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million. Retail California Cannabis Colorado Marijuana News revenue sales taxes What's Hot
PYMNTS
DECEMBER 3, 2019
How Colorado Enabled Digital Driver’s Licenses With The myColorado App. The state of Colorado is one of 12 states currently developing a digital driver’s license program, with the launch of its myColorado app in October.
PYMNTS
OCTOBER 25, 2019
Colorado’s bill does have support from some lawmakers. “My My sense is that we will continue to support blockchain industry growth in the Colorado economy while at the same time look within our own government sector for practical blockchain applications that warrant funding,” State Sen.
CFPB Monitor
DECEMBER 4, 2019
The Colorado Attorney General’s Office recently published licensing applications for entities that are engaged in servicing student loans owed by Colorado residents. Under the Colorado statute, student loan servicers must be licensed by January 31, 2020.
BankThink
JUNE 24, 2019
M&A Community banking Asset management ColoradoIndependent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp.
PYMNTS
NOVEMBER 1, 2018
Amazon.com is gearing up to open an Amazon 4-star store in Colorado later Thursday (November 1). According to a report in CNET citing Amazon, the second 4-star store will be located in Park Meadows mall in Lone Tree, Colorado, just outside of Denver.
PYMNTS
DECEMBER 4, 2019
PYMNTS recently spoke with Russell Castagnaro, director of digital transformation at the Colorado Governor’s Office of Information Technology , about the app’s development, and how it addresses Coloradans’ concerns regarding security and privacy. but Colorado will be there.”.
Bank Innovation
NOVEMBER 7, 2018
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis to Governor of Colorado.
BankThink
OCTOBER 3, 2018
Community banking Integrations Branding Branch banking Oklahoma Colorado ArizonaThe regional bank is putting its corporate stamp on branches in the two states.
Bank Innovation
NOVEMBER 7, 2018
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis (D) to Governor of Colorado.
CFPB Monitor
NOVEMBER 8, 2018
By an overwhelming vote (approximately 1,4270,000 million to 433,000), Colorado voters passed Proposition 111, a ballot initiative that places a 36 percent APR cap on payday loans. The question presented to voters was: Shall there be an amendment to the Colorado Revised Statutes concerning limitations on payday lenders, and, in connection therewith, reducing allowable charges on payday loans to an annual percentage rate of no more than thirty-six percent?
CFPB Monitor
SEPTEMBER 13, 2019
The Colorado Attorney General reached a $175,263 settlement with a lender and a debt management company that are owned and operated by the same individuals. Colorado law prohibits debt management companies from offering loans through a related company due to the risk of a conflict of interest.
BankThink
JULY 20, 2017
The company will add two branches between Denver and Colorado Spring by buying the deposit-rich Castle Rock Bank. Community banking M&A Capital Colorado
BankThink
SEPTEMBER 25, 2017
Capital Community banking TARP ColoradoGrand Mountain Bank raised $7 million to help it exit the crisis-era capital program.
BankThink
JUNE 7, 2017
The Montana company has agreed to buy Columbine Capital in a deal that will add five branches and $330 million in loans in Colorado. Community banking M&A Capital Montana Colorado
BankThink
MAY 21, 2019
First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal. Community banking M&A Small business lending SBA Indiana
BankThink
MARCH 9, 2017
Succession planning Growth strategies Commercial banking ColoradoKoger Propst was also named CEO of the company's $2.6 billion-asset ANB Bank.
CFPB Monitor
FEBRUARY 4, 2019
As discussed in an earlier post , on November 6, 2018, Colorado’s voters passed Proposition 111 , seeking to limit interest rates and fees charged on payday loans in Colorado to an annualized percentage rate of thirty-six percent. Effective February 1, 2019, the proposition amends Colorado’s Deferred Deposit Loan Act (C.R.S. Lenders who originate payday loans should be mindful of the application of Colorado’s new rate cap.
CFPB Monitor
MAY 23, 2019
Colorado and Maryland have each enacted legislation regulating student loan servicers. On May 13, Colorado Governor Jared Polis (D) signed into law SB 19-002 , and that same day, Maryland Governor Larry Hogan (R) signed HB 594. State CFS Monitor Student Loans colorado Maryland
ABA Community Banking
MARCH 20, 2015
Tip #1: It’s not all about your bank—even when it’s about your bank Retail Banking Blogs Social Media Channels. 1Social Media
BankThink
JANUARY 22, 2019
CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses. Commercial lending Commercial banking M&A Branch banking Fee income Earnings Greg Carmichael Fifth Third
BankThink
DECEMBER 31, 2018
The state has expanded the scope of ongoing legal actions against Avant and Marlette to include several securitization trusts and trustees. Midland Funding v Madden Marketplace lending
CFPB Monitor
JANUARY 17, 2019
Having declared the CFPB eviscerated by President Trump, Colorado’s newly elected Democratic Attorney General, Phil Weiser, is expected to take an active approach to consumer protection. State CFS Monitor colorado weiserIn this week’s podcast, Ballard Spahr Partner Matt Morr, based in the firm’s Denver office, discusses Mr. Weiser’s background, key appointees, and likely areas of focus. To listen to the podcast, click here.
CU Insight
MAY 10, 2016
Colorado and Arizona recently joined the growing number of states that allow state charted credit unions the controversial option of compensating board members. The post Colorado, Arizona OK board compensation appeared first on CUInsight.
BankThink
JULY 2, 2019
million for the parent of First State Bank of Colorado. Community banking M&A Capital Colorado CaliforniaThe California company will pay $39.4
CFPB Monitor
SEPTEMBER 12, 2019
CMS), a Colorado-based corporation. The Debtor filed a complaint in the bankruptcy court seeking to disallow the Assignee’s claim on the grounds that the interest rate on the loan was usurious under Colorado law.
BankThink
APRIL 5, 2017
Digital lenders have been partnering with banks to get around state-by-state usury caps, but that approach is facing tougher scrutiny. Marketplace lending Court cases Enforcement Law and regulation State regulators Avant WebBank
PYMNTS
JULY 29, 2019
office is in Boulder, Colorado. Digital Banking Colorado debit card FinTech Glint Pay gold london MasterCard News Sutton Bank What's HotA company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post.
BankThink
FEBRUARY 21, 2019
The company will close a dozen branches, including eight in Colorado. Community banks Strategic buyers Growth strategies Colorado
The Paypers
NOVEMBER 23, 2018
(The Paypers) The Colorado Division of Securities has filed cessation orders against four Initial Coin Offerings (ICOs) allegedly involved in fraudulent practices
CFPB Monitor
JANUARY 10, 2019
In a January 4 posting , Colorado’s outgoing Attorney General, Cynthia Coffman, issued an administrator’s opinion as to whether Section 5-2-214 of the Uniform Consumer Credit Code prohibits supervised lenders from utilizing post-dated checks, debit authorizations, and other forms of up-front payment authorization, as security for payment of “alternate charge” consumer installment loans.
PYMNTS
JULY 12, 2019
Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. The report said Colorado “had 2,917 licensed marijuana businesses and 41,076 individuals licensed to work in the industry as of June.”.
BankersHub
APRIL 12, 2015
She was invited to meet with Colorado Representatives Polis and Perlmutter, who''ve been trying to find a way around the inconvenient fact that what might be legal in Colorado in the way of raising, refining, and selling marijuana for recreational use is still a violation of Colorado criminal laws, as is the handling of funds derived from such illegal activities by banks.
BankThink
FEBRUARY 14, 2017
Heartland will gain 12 branches around Denver and Boulder after it buys the $1.4 billion-asset Citywide. M&A Integrations Growth strategies
BankThink
AUGUST 2, 2019
Marijuana banking Cannabis Regtech Fintech ColoradoA fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity.
PYMNTS
DECEMBER 3, 2019
Inside The Launch Of Colorado’s New State-Run Digital Driver’s License. Colorado is one of 12 states currently developing a digital driver’s license program, with the October rollout of the myColorado app.
BankThink
MARCH 7, 2019
Fintech Community banking Small business lending California ColoradoPacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.
CU Insight
JULY 19, 2017
Partner Colorado Credit Union today announced the creation of Safe Harbor Services, LLC, which will sell and distribute the credit union’s Safe Harbor cannabis banking program. The post Partner Colorado Credit Union launches cannabis banking CUSO appeared first on CUInsight.
BankThink
MAY 6, 2019
Community banking M&A Commercial lending Colorado New MexicoThe Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit.
PYMNTS
JULY 9, 2019
Uber is rolling out more ways to get around with expanded train and bus tickets for its customers in Denver, Colorado. Ridesharing Colorado Mobile Payments News public transport transportation Uber What's Hot
BankThink
JUNE 20, 2018
First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public. Community banking IPOs M&A Growth strategies Colorado Washington
American Banker
MARCH 16, 2016
Guaranty Bancorp in Denver has agreed to buy Home State Bancorp in Loveland, Colo., for $133.7 million in cash and stock. The deal is expected to close in the summer. breaking_news community-banking co dealmaking-strategy
BankThink
JUNE 18, 2018
Community banking M&A Growth strategies Capital Oklahoma ColoradoThe deal for the Denver commercial lender joins a growing list of large acquisitions being announced in competitive urban markets.
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