Colorado

The Federal Reserve Board has given a Premier Bank in Denver 90 days to become adequately capitalized or sell itself.

The Federal Reserve has lifted a written agreement with Guaranty Bancorp and its bank, which could free the Denver company to retire some of its more costly debt.

DENVER – State regulators on Friday approved applications from $2 billion Bellco CU and $225 million Denver Community CU to serve almost 450,000 residents in Adams County, making at least five of the state's biggest credit unions authorized to serve the fast-growing county, which includes the Denver bedroom communities of Arvada and Aurora and part of the city of Denver.

United Western Bancorp Inc. in Denver has filed for chapter 11 bankruptcy in a move that would allow the company more time to pursue its lawsuit against federal regulators for seizing its thrift in January 2011.

Centennial Bank in Denver is adding a new branch in Boulder as part of a broad strategy to establish a presence in some of the state's key banking markets.

CoBank in Denver has completed its merger with U.S. AgBank in Wichita, Kan., creating an $85 billion cooperative bank in the Farm Credit System.

Fred Joseph, Colorado's banking commissioner, said Community Banks of Colorado should have been able to sell its branches in a bid for more time to resolve its problems. But the FDIC and the Fed overruled him — and then failed the bank.

NBH Holdings Corp. is following up its recent failed bank acquisition in Colorado with a branch deal and name change.

After striking two deals around Kansas City, Mo., last year, Laney, the Boston-based president and chief executive of NBH Holdings Corp., has moved on to Colorado, buying the $1 billion-asset Bank of Choice in Greeley on Friday in a deal with the Federal Deposit Insurance Corp.

WASHINGTON — Two failed banks in Florida went to one acquirer Friday, and regulators also shut a $1 billion-asset bank in Colorado, as the year's failure total reached 58.

A trio of Colorado congressmen — Ed Perlmutter, Mike Coffman and Scott Tipton — are sponsoring the Capital Access for Main Street Act.

State regulators last Friday approved a request by Bellco Credit Union in Greenwood Village, Colo., to expand in order to serve all 610,000 residents of Denver County.

Credit unions in Arizona, Colorado and Wyoming have voted to combine their three state credit union leagues, the latest consolidation of state trade associations.

United Western Bancorp Inc., a holding company in Denver that is suing regulators to regain control of its failed thrift, has denied filing a quarterly report with the Office of Thrift Supervision.

CoBiz Financial Inc. of Denver said late Monday that it would record a $15.6 million valuation allowance for deferred tax assets.

The Federal Reserve has given Community Banks of Colorado 90 days to return to adequately capitalized status or sell itself.

The Federal Reserve Board said it has reached a written agreement with BankVest Inc. of Castle Rock, Colo.

With regulators catching flak for taking too long to close "zombie" institutions, the failure of United Western Bank seemed atypically quick.

Despite having private-equity commitments, the $2 billion-asset United Western Bank in Denver failed Friday. Regulators also closed banks in the Carolinas and Georgia.

The $2.2 billion-asset United Western said in a Jan. 12 filing with the Securities and Exchange Commission that it had entered into its sixth forbearance agreement on a $16.25 million line of credit with the New York banking company.