Three Colorado community banks have received a total of $70.5 million as part of the next wave of funding provided through the Small Business Lending Fund, the U.S. Treasury Department said Wednesday.
The banks are Steele Street Bank Corp. of Denver – SSB&T – which received $11.4 million; CoBiz Financial Inc. of Denver – Colorado Business Bank – which received $57.4 million, and CIC Bancshares, Inc. of Greenwood Village, which received $1.8 million.
CIC Bancshares acquired Centennial Bank in Centennial in May 2010.
The Small Business Lending Fund encourages community banks to increase their lending to small businesses with the goal of helping those companies expand their business and create new jobs.Howard Pankratz: 303-954-1939 or hpankratz@denverpost.com.
