![Wells Fargo closing Cherry Creek branch 1 Wells Fargo closing branch in Cherry Creek](https://businessden.com/wp-content/uploads/2022/11/WellsFargo1-300x165.jpg)
“This is not an easy decision or one that we take lightly,” a spokesman for the area’s largest banking chain said.
Welcome to Business Den, your ultimate destination for all the latest news and insights on Denver banking. Our coverage is designed to provide you with up-to-date coverage of the banking industry, highlighting the most important developments, trends, and challenges that shape the landscape of Denver’s financial sector.
Subscribe to Business Den today and stay ahead of the curve.
“This is not an easy decision or one that we take lightly,” a spokesman for the area’s largest banking chain said.
A shoe manufacturer and a bank name senior executives, plus new faces and promotions in real estate, law and more.
Wells Fargo remained No. 1 with $29.2 billion in deposits, 23 percent of the metro area’s total. Chase had $19 billion and FirstBank had $17.7 billion.
Randy and Tase Flores of Aurora are fighting with the credit card company and processor Paysafe over $19,000 — money their company doesn’t have.
Fewer customers are banking in person, the company said, so its branch at Blake Street and the 16th Street Mall is no longer needed.
“I understand the shock at the name, I truly do,” said a VP at the former Denver Community Credit Union. An expert said the old name was boring.
“The volume of customers … has declined over the past two years,” a bank vice president said of the 606 W. Colfax Ave. location.
According to Larimer County property records, Rockies Lodging Capital purchased the 112-room hotel for $12.9 million in 2017. The original lender was Colorado Business Bank.
Chase plans to renovate the 3,600-square-foot structure at the corner of Colfax and Speer and open a branch there in 2022.
Runners-up U.S. Bank and Chase had greater percentage gains, however, in terms of deposit market share.
Update your browser to view this website correctly. Update my browser now