Thursday, February 10, 2011

Tenth Colorado bank borrows through TARP - Denver Business Journal:

http://www.collegecostshowmuch.com/2005/p_news/nit/iacpa-archieve/nit-staffers/top50.html
The Granby-based bank holding company, parent of Grane Mountain Bank, is the 10th Colorado company to participatre in the CapitalPurchasd Program, which began last fall. Part of the federak Troubled Asset ReliefProgram (TARP), it’s a voluntarh program under which healthy banks sell preferred equity shares to the government. Hundreds of banks around the country currently participate in the including the followingin Colorado: COBZ), based in Denver, parent of Coloradl Business Bank, which received $64.5 Bankers’ Bank of the West Denver, parent of Banker’s Bank of the West, $12.66 million. First Western Financial Inc., parent of First Western Bankand Trust, $8.
6 ColoEast Bankshares, Lamar, parent of Coloradoi East Bank & $10 million. Columbine Capital Corp., Buena Vista, parent of Collegiate Peaks Bank, $2.3 million. First Southwest Alamosa, parent of , $5.5 Alpine Banks of Colorado, Glenwood Springs, $70 Millennium Bancorp, Edwards, parent of Millennium Bank, $7.26 million. Omega Capital Corp., Lakewood, parenft of Front Range Bank, $2.8 million. Meanwhile, Aurorw Loan Services LLC of Littleton hasreceivex $798 million so far througg another U.S. Treasury program that provides incentives for lendersz to modify home mortgage loans held bystrugglingy borrowers.

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