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.
Latvian company wants to buy Colorado National Bank parent
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.
Colorado National Bank parent files for bankruptcy ahead of possible sale
President John Sprengle said the filing “was done to facilitate the sale.”
Banks ahead in Denver residential mortgage volume – but not by much
When it comes to local mortgages, a handful of prominent banks lead the pack, but the market is far from dominated.
Building boom bypasses bank branches
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.
Wells Fargo keeps top spot in Denver deposits market share
The San Francisco-based company has more than $22 billion in deposits, according to new data released by the Federal Deposit Insurance Corporation.
Denver fund manager dishes on driverless
Justin Borus’ Ibex Driverless fund launched this month with plans to raise $100 million for investing in driverless-car technology companies.
Western Union planning to move headquarters
The money transfer giant is close to a lease for a massive new office and quietly has put up its suburban campus for sale.
Small investment bank upgrades to Cap Hill office
LoHi Merchant Bank is planning to move from a restored Victorian in Uptown into 1,200 square feet at on Sherman Street in Capitol Hill.
ANB Bank shuffles downtown branches
The 100-year-old Midland Savings and Loan building downtown soon will be home to bankers once again.
Bank continues push southward with DTC branch
After crossing into the Front Range three years ago, a Glenwood Springs bank is planting a flag in the Denver Tech Center.
