California CU to Close 8 More Branches

Wescom Central Credit Union in Pasadena, still struggling with the Southern California recession, said last week that it plans to shutter another eight branches.

New Buyer Scopes Out Failures in Central States

A new group formed to buy failing banks plans to use its recent deal for tiny, well-capitalized Palisades National Bank as a springboard for further acquisitions.

Regulators Shut Three Banks, in Michigan, Minnesota and Colorado

'09 failure total rises to 98

Regulators shut three banks late Friday — Warren Bank in Michigan, Jennings State Bank of Spring Grove, Minnesota and Southern Colorado National Bank in Pueblo.

Colorado Credit Union Eyeing More Deals

Premier Members Federal Credit Union in Boulder, Colo., which has an agreement to absorb Colorado United Credit Union in Denver, said it expects to pursue more deals.

'Guaranty' Mix-Up Shows Perils of Generic Names

Guaranty Bancorp in Denver is going out of its way to distance itself from Guaranty Financial Group, the Austin company that has said its failure is imminent.

FirstBank's Pitch to Small Businesses: Ads on Us

Recognizing the cash crunch many small businesses are facing, a Colorado banking company has come up with a plan to help them increase their visibility ...

CoBiz Reports 2Q Loss, Capital Raise

On the heels of reporting a second-quarter loss due to rising credit problems, CoBiz Financial in Denver is raising $45M of capital with an eye toward possible acquisitions.

Colorado Bank Gains Deposits with Bling Nation System

A proprietary debit network developed for small towns is helping a community bank win customers and increase deposits.

Skepticism Over Tarp Revamp for Small Banks

As large institutions race to repay government capital, the Treasury Department is offering smaller ones another chance to take the money.

Time to Cash in Profitable Side Lines?

In today's market, more banking companies may bite the bullet and sell favored, profitable side businesses to raise cash quickly. United Western Bancorp is a case in point.

No Bids for Failed Bank; Rare Plan B

After no buyer emerged for the New Frontier Bank, the FDIC established a deposit insurance national bank — a last resort in which the Deposit Insurance Fund sidesteps ...

Regulators Close Colo.'s New Frontier, N.C.'s Cape Fear

State regulators seized two banks Friday, bringing this year's tally of failures to 23. Executives at both institutions had recently warned their futures were in doubt.

Deal Dies, New Frontier Faces Worst

New Frontier Bancorp had hoped to be announcing its rescue last week. Instead, its hometown of Greeley, Colo., was abuzz over the possibility the company might fail, after a $30 million deal to bolster it fell through.

First State of N.M. Breathing Easier After Branch Deal

With the pending sale of its Colorado branches, the pressure to raise capital is off for First State Bancorp. in Albuquerque, but it still must contend with rising problem loans.