Elsewhere in town, office projects are on hold. But Vectra’s CEO said the cost of capital as a financial institution makes it “a good investment for us.”
Banking
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.
U.S. Bank cutting 20 percent of Colorado branches, including two downtown
The Denver branches at 1625 Broadway and 1660 Wynkoop St. are among the 26 in the state the Minnesota-based company has closed or will close.
U.S. Bank closes branch at base of downtown office tower
Also making moves in the downtown banking scene: PNC, Chase and Bank of Colorado.
Chase Bank regains top 3 ranking in Denver deposit market share
Bank of the West and Vectra Bank also moved up in the metro area rankings, according to the FDIC. Wells Fargo stayed No. 1 and U.S. Bank is No. 2.
As Greenwood Village’s First American turns 25, ‘we as bankers are preparing for a recession’
“We’re doing everything we can to mitigate the risk, but banking is risk,” said Jay Davidson, founder and CEO.
Money transfer firm to lay off 64 employees
WorldRemit’s Denver office is at 600 17th St.
Which Colorado companies received PPP loans of at least $150K? Here’s the list
View all 13,385 of them in our spreadsheet.
Greenwood Village financial firm to buy Personal Capital in deal worth at least $825M
Personal Capital leases 31,248 square feet at 1099 18th St. and has 159 employees in Denver.
Bank of America eyes branch at Federal and Evans
Chase Bank already operates at the corner, which is anchored by a Walmart Supercenter.
Vectra Bank looks to build nine-story headquarters within Belleview Station
The financial institution’s current headquarters are by the I-25/Colorado Boulevard interchange.