Friday, December 17, 2010

Many Colorado banks in trouble

Posted By on Fri, Dec 17, 2010 at 12:11 PM

Is your money safe?
  • Is your money safe?
Today, I am thankful I bank with a federal credit union.

The Denver Post reported that nearly a quarter of banks in Colorado have received two stars or less according to an analysis from BauerFinancial.

Many banks got a zero rating, including: Advantage Bank, Bank of Choice Colorado, FirsTier Bank, Rocky Mountain Bank & Trust, Signature Bank, Community Banks of Colorado in Greenwood Village, Farmers Bank in Ault and Park State Bank & Trust in Woodland Park.

Some bigger name banks — Wells Fargo, JPMorgan Chase, KeyBank, Vectra Bank Colorado and Compass — only got midrange ratings.

Scary.

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