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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.
October 24 -
Bank mergers, failures and charter consolidations are cutting into the exam fees that provide the financial lifeblood for regulators in Idaho, Montana and other states. Their attempts to balance the budget can cause small banks to pay higher fees.
October 10 -
Denver bank is rapidly adding to its arsenal of digital banking offerings, with the help of a large team of IT experts.
November 19 -
Why a community bank has committed $500,000 to fledgling tech companies and plans to do more.
August 27
Colorado's top banking regulator the only state supervisor to get overruled by the Federal Reserve Board on a failure is retiring.
Fred Joseph, banking and securities commissioner for the state's Department of Regulatory Agencies, will step down at the end of the year, the agency said Thursday.
The Department of Regulatory Agencies said it will name a new commissioner for each of the banking and securities divisions in the coming months. Ken Boldt will serve as acting commissioner for the banking division and Gerald Rome will become acting commissioner for the securities division.
Joseph has served as securities commissioner since 1999 and has been acting banking commissioner since 2011. He is a former president of the North American Securities Administration Association.
Joseph "is known across Colorado for his commitment to his profession," said Barbara Kelley, executive director of the Department of Regulatory Agencies, in the news release. "I want to thank [Joseph] for his many years of service to the state and his amazing career here. His tenure has been exemplary public service."
Joseph
