Colorado

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.

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.

Former Elevations Credit Union COO Jay Champion will take the helm at Westerra when CEO John McCloy retires in December.

The $5.4 billion-asset credit union said FOM expansion continues to be part of its long-term growth strategy.

The regional bank is putting its corporate stamp on branches in the two states.

Rocky Mountain Law enforcement FCU places an emphasis on helping employees grow in their careers so they can progress upward within the organization.

Many financial institutions are unaware that they're banking marijuana-related businesses, pot bankers and regtech experts say.

The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.

Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand.

First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares.

Management at the recently formed InBankshares hopes to expand in Denver by capitalizing on disruption from consolidation in the market.

First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public.

Cost-cutting will be important, but for its acquisition of CoBiz to be a winner, BOK Financial will have to prove it can boost fee income as it has with smaller acquisitions.

The deal for the Denver commercial lender joins a growing list of large acquisitions being announced in competitive urban markets.

Technology provider will operate as a CUSO of Connecticut-based credit union.

Whether banks knowingly work with marijuana businesses or not, they face risks as long as there are no federal clear guidelines in place. Congress must fix this.

Independent Bank had no intention of expanding outside Texas until it gained a few stray branches in a neighboring state.

Independent's branch network in Denver will nearly triple after it completes the $1 billion acquisition.

Eric Itambo will become chief banking officer of CoBank, where he will oversee all lending operations.

Chris Marshall, a former CFO at Capital Bank Financial, will help Tax Guard recruit bank and nonbank clients. The firm uses technology to let lenders know if potential clients owe money to the IRS.