DENVER—Colorado Capital Bank has agreed to a consent order from federal regulators to build its cash reserves as it deals with non-performing loans.
The Castle Rock-based bank has a loan production office in Durango and branches in Edwards, Boulder, Castle Pines, Cherry Creek, Colorado Springs, the Denver Tech Center and Parker.
Edwards branch President Scott Hovey says guidelines for banks to have $1 in cash for every $10 in outstanding loans have risen about 30 percent. Hovey tells the Vail Daily the bank will take steps including selling non-performing loans to other investors to build cash.
The bank, which has about $900 million in assets, doesn’t admit any charges of unsafe banking practices through the order reached with the Federal Deposit Insurance Corp.
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Information from: Vail Daily,
