Colorado

United Western Bancorp Inc. in Denver said its thrift was undercapitalized at Sept. 30 after further writedowns on its portfolio of mortgage-backed securities.

United Western Bancorp Inc. of Denver has received a noncompliance letter from the Nasdaq because it has yet to file its third-quarter results.

The $2.2 billion-asset Denver company said in a SEC filing that it'd be late reporting its Sept. 30 results because of issues regarding its valuation of mortgage-backed securities.

Cascade Financial Corp., which received a government bailout, is among three small bank holding companies the Federal Reserve is scrutinizing.

A handful of small banks have also struck deals recently that will heighten their name recognition and allow them to cull customers out of massive audiences.

The $2.2 billion-asset company announced Friday that it had entered into definitive agreements for $103 million, with $9 million coming from Henry "Ric" Duques, the controlling owner of Legent Group LLC, the parent of Legent Clearing LLC.

The Federal Reserve Board issued three enforcement actions against community banks and their holding companies on Thursday.

A month after denying United Western Bancorp Inc.'s requests to make payments on its line of credit, the Office of Thrift Supervision has changed its mind.

The Office of Thrift Supervision has denied United Western Bancorp Inc.'s request to make payments on its line of credit with JPMorgan Chase & Co.

The three-year-old Solera National Bancorp Inc. in Lakewood, Colo., has struck its first acquisition deal. The $140 million-asset company announced Wednesday that it has entered into an agreement to buy the Lakewood branch of Liberty Savings Bank, a $1.1 billion-asset thrift in Wilmington, Ohio.

With dwindling capital and a plan to buy an ancillary business, United Western Bancorp's capital-raising plans are of particular importance to analysts following the company.

United Western Bank is in a state of limbo, unable to satisfy, change or escape a key demand from its regulator. Colorado's largest thrift has missed a deadline to boost its capital, and regulators refuse to give it an extension or waiver.

The $2.6 billion-asset company announced last week that the Office of Thrift Supervision has upped the ante by issuing both the company and its thrift unit cease-and-desist orders on June 25.

Solera National Bancorp Inc. in Lakewood, Colo., is getting into the mortgage business on its own. The $137 million-asset company announced Tuesday that it has begun originating residential mortgage to its customers.

The $2.6 billion-asset Denver company said Tuesday that it had agreed to buy Legent Clearing LLC, an Omaha securities clearing firm, for $13 million in cash and $2.7 million in stock. The timing is noteworthy: United Western faces a June 30 deadline to raise capital at its thrift.

The $2.5 billion-asset company capped the week by announcing the immediate departure of Scot T. Wetzel, the chief executive and president of the company and of its thrift unit.

Sponsors of a Colorado Senate bill that would have barred the growing practice of merchants assessing surcharges on debit card transactions pulled the bill after it was amended to bar all automated teller machine surcharges.

The Federal Deposit Insurance Corp.'s board voted Tuesday to extend by six months its program offering unlimited deposit insurance for business accounts, a sign that it remains concerned about the health of community banks.

The selling spree at Capitol Bancorp continues. The company announced Thursday that it has a definitive agreement to sell Mountain View Bank of Commerce in Colorado ...

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