FirstBank, a privately held bank based in Lakewood, is now Colorado’s second-largest bank by deposits, according to a recent FDIC report. FirstBank recently announced its third-quarter results for 2024. As of September, the bank reported the following quarter-over-quarter results: Net income through the third quarter of 2024 increased to $157.7 million, while total deposits decreased…more
Broomfield-based Snow Peak Capital, LLC, a private equity firm focused on middle-market businesses, today announced it has acquired TurbineAero, Inc., the world’s largest independent provider of maintenance, repair and overhaul (MRO) services focused on aircraft auxiliary power units (APUs) and other aeroengine components. Snow Peak acquired TurbineAero from The Gores Group, a global investment company.…more
California Bank & Trust (CB&T), a division of Zions Bancorp. N.A., has entered into an agreement to acquire four California branch locations in Palm Desert and Indio from FirstBank, based in Lakewood. The acquisition includes approximately $730 million in deposits and $420 million in loans. This deal will expand CB&T’s physical presence in Coachella Valley…more
Safe Harbor Financial (NASDAQ: SHFS), a Golden-based provider of financial services and credit facilities to the regulated cannabis industry, announced extensions to the contracts of three key executives and a restructuring of their compensation packages. The restructured agreements include Sundie Seefried, president and CEO, extended for one year through September 2025; Dan Roda, extended through…more
Platte River Mortgage & Investments Inc., a Lakewood mortgage and investment firm, has partnered with Austin-based Calque to expand the Trade-In Mortgage in Colorado. The Trade-In Mortgage is a loan option that allows borrowers to use their home equity to purchase another property before selling their current one. “Working with Calque empowers us to provide…more
SHF Holdings Inc., doing business as Safe Harbor Financial (NASDAQ: SHFS), announced a partnership with BIPOCann, a Denver-based consulting firm aiding social equity and minority entrepreneurs in the cannabis sector. BIPOCann will offer its full suite of membership benefits, valued at $600, to all of Safe Harbor’s existing social equity clients at no additional cost.…more
On Tap Credit Union has announced two major promotions within its executive team. Daisy Romo has been promoted to executive vice president, and Tony Nieto has been elevated to chief lending officer. “Both Daisy and Tony have shown exceptional devotion and leadership,” said Tracie Wilcox, CEO of Golden-based On Tap Credit Union. “Their contributions have…more
Colorado School of Mines appeared in more news stories — seven — than any other Jefferson County-based business entity in the last three months, according to Jeffco Legends research. Ball Corp., Energy Fuels, FirstBank and Trimble all appeared on five news stories or press releases over the same time interval. A total of 162 businesses…more
Considering the pressing need for more affordable housing, Lakewood-based FirstBank, has closed a $21 million loan with Boulder Housing Partners (BHP) for the Hawthorn Court development. The project that commenced on May 14 aims to add 73 new units, including 40 one-bedrooms, 27 two-bedrooms, and six three-bedroom apartments in Boulder, Colorado. “By funding affordable housing,…more
SHF Holdings Inc., also known as Safe Harbor Financial (NASDAQ: SHFS), announced its successful exit from a defaulted $3.1 million loan. The Golden-based company, which offers financial services to the regulated cannabis industry, not only recovered the principal in full but also an accrued interest of over $200,000. The recovered funds will be reallocated into…more
Lakewood-based FirstBank has announced Jennifer Payne as its new chief risk officer (CRO). Having worked at the bank for 23 years, Payne has served in diverse leadership roles including president of compliance and president of loan servicing, which she occupied before her CRO appointment. She was recognized in the Banking Exchange’s Top 20 Under 40…more
Westminster-based Tax Guard, a Cogency Global Company known for its real-time IRS tax data services, announced a partnership on June 10 with Ventures Lending Technologies, a provider of end-to-end lending software. This San Diego-based firm is widely recognized among banks and mission-based lenders. The partnership is set to deliver enhanced support to lenders by integrating…more