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
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
Receiving Wide Coverage. Ally''s Shakeup: The New York Times and the Wall Street Journal both take a closer look at the leadership shakeup at Ally Financial. Unnamed sources tell the Times that former Ally Financial CEO Michael Carpenter was politely shown the door because the Ally board was frustrated the company had "stagnated" during his tenure and Carpenter appeared to "lack the vision" needed to dig the bank out of its rut. Furthermore, Carpenter wasn''t. national-regional 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
Offers & Promotions Partner Colorado Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Partner Colorado CU Ups High-Interest Checking To 3.50% APY POSTED ON WEDNESDAY, MAY 15, 2019 BY Ken Tumin Deal Summary: High-Interest Checking, 3.50% APY on qualifying balances up to $10k. Earlier this month, Partner Colorado Credit Union (Partner Colorado) raised the rate on its High-Interest Checking account to 3.50% APY on qualifying balances up to $10k. 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
Community banking M&A Credit unions ColoradoElevations' purchase of Cache Bank & Trust would be the first credit union purchase of a bank in the state. 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
The CFPB has a historic opportunity to fix the small-dollar loan market by emulating Colorado''s reforms. That would mean requiring all payday lenders to offer affordable installment payments and cracking down on deceptive practices like loan flipping. law-regulation 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
Colorado Springs, also known as “The Springs” or “COS,” is Colorado’s second-largest city. Pikes Peak, one of Colorado’s tallest, towers 8,000 feet above the city. It’s clearly visible for miles around… 31 Best Things to Do in Colorado Springs – Activities & Attractions is a post from Money Crashers. 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
Triumph Bancorp in Dallas has agreed to buy ColoEast Bankshares in Lamar, Colo. community-banking tx breaking_news dealmaking-strategy 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
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 Gazette is reporting that the Colorado Division of Financial Services approved the addition of six counties to the field of membership of Ent Credit Union (Colorado Springs, CO). The credit union's service area encompasses 14 Colorado counties with more than 4.5 The approval adds Adams, Weld, Boulder, Broomfield, Elbert and Larimer counties to the credit union's service area. The addition of the six counties increases Ent’s potential membership base by 1.57 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
Offers & Promotions Colorado Federal Savings Bank Bank Information Page | Receive Alerts for this Bank. Colorado Federal Savings Bank Boosts Premier Savings To 1.65% APY POSTED ON WEDNESDAY, DECEMBER 6, 2017 BY Ken Tumin Deal Summary: Premier Savings, 1.65% APY, $50k minimum deposit, new customers only. In the past three weeks, Colorado Federal Savings Bank’s (CFSB) new Premier Savings account has experienced two rate increases, which added a total of 75 bps to its APY. 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
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
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
BankThink
SEPTEMBER 4, 2019
Community banking M&A Credit unions ColoradoElevations' purchase of Cache Bank & Trust would be the first credit union purchase of a bank in the state.
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.
BankThink
NOVEMBER 7, 2018
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
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 to Governor of 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
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.
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?
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
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
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
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
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
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.
Money Crashers
MAY 16, 2018
Colorado Springs, also known as “The Springs” or “COS,” is Colorado’s second-largest city. Pikes Peak, one of Colorado’s tallest, towers 8,000 feet above the city. It’s clearly visible for miles around… 31 Best Things to Do in Colorado Springs – Activities & Attractions is a post from Money Crashers.
The Paypers
JUNE 27, 2018
(The Paypers) University of Colorado has announced the development of a strategic supplier partner programme employing Jaggaer solutions
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.
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
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
BankThink
FEBRUARY 4, 2015
The CFPB has a historic opportunity to fix the small-dollar loan market by emulating Colorado''s reforms. That would mean requiring all payday lenders to offer affordable installment payments and cracking down on deceptive practices like loan flipping. law-regulation
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.
Deposit Accounts
MAY 15, 2019
Offers & Promotions Partner Colorado Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Partner Colorado CU Ups High-Interest Checking To 3.50% APY POSTED ON WEDNESDAY, MAY 15, 2019 BY Ken Tumin Deal Summary: High-Interest Checking, 3.50% APY on qualifying balances up to $10k. Earlier this month, Partner Colorado Credit Union (Partner Colorado) raised the rate on its High-Interest Checking account to 3.50% APY on qualifying balances up to $10k.
Keith Leggett's Credit Union Watch
OCTOBER 16, 2018
The Gazette is reporting that the Colorado Division of Financial Services approved the addition of six counties to the field of membership of Ent Credit Union (Colorado Springs, CO). The credit union's service area encompasses 14 Colorado counties with more than 4.5 The approval adds Adams, Weld, Boulder, Broomfield, Elbert and Larimer counties to the credit union's service area. The addition of the six counties increases Ent’s potential membership base by 1.57
BankThink
DECEMBER 10, 2014
Colorado''s interest rate cap on payday lending has successfully brought down costs for borrowers, but the state continues to experience unacceptably high default rates. consumer-finance
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
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
BankThink
FEBRUARY 21, 2019
The company will close a dozen branches, including eight in Colorado. Community banks Strategic buyers Growth strategies Colorado
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.”.
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.
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.
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
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
Deposit Accounts
DECEMBER 6, 2017
Offers & Promotions Colorado Federal Savings Bank Bank Information Page | Receive Alerts for this Bank. Colorado Federal Savings Bank Boosts Premier Savings To 1.65% APY POSTED ON WEDNESDAY, DECEMBER 6, 2017 BY Ken Tumin Deal Summary: Premier Savings, 1.65% APY, $50k minimum deposit, new customers only. In the past three weeks, Colorado Federal Savings Bank’s (CFSB) new Premier Savings account has experienced two rate increases, which added a total of 75 bps to its APY.
American Banker
MARCH 7, 2016
Triumph Bancorp in Dallas has agreed to buy ColoEast Bankshares in Lamar, Colo. community-banking tx breaking_news dealmaking-strategy
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.
BankThink
FEBRUARY 6, 2015
Receiving Wide Coverage. Ally''s Shakeup: The New York Times and the Wall Street Journal both take a closer look at the leadership shakeup at Ally Financial. Unnamed sources tell the Times that former Ally Financial CEO Michael Carpenter was politely shown the door because the Ally board was frustrated the company had "stagnated" during his tenure and Carpenter appeared to "lack the vision" needed to dig the bank out of its rut. Furthermore, Carpenter wasn''t. national-regional
55 
Let's personalize your content