Owners of Latvian payment processing company closes on purchase; Colorado National Bank has two branches
New owner InBankshares Corp. plans to expand in the Denver area.
BOK Financial Corp. expands its state presence by buying parent of Colorado Business Bank.
The Denver-based financial institution, with 32 Front Range branches, is set to be swallowed up in the fourth quarter.
The Denver-based bank is moving its home base from a downtown skyscraper to a single-story building on North Broadway.
Before filing bankruptcy this month, the Denver-based holding company’s financial performance in 2017 was getting better – but still losing money every year.
Court documents in the wake of Colorado National Bancorp’s bankruptcy filing last week show that a Latvian payment processing firm is seeking to acquire the company.
President John Sprengle said the filing “was done to facilitate the sale.”
When it comes to local mortgages, a handful of prominent banks lead the pack, but the market is far from dominated.
Despite the Denver area’s building boom, one industry is less and less likely to move into the new structure down the street: Your neighborhood bank.