Huffpost Denver

Colorado Banks Lost Money At Greater Rate Than rest Of Nation In 2009

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More than a third of Colorado's banks lost money last year, federal records show, outpacing the national average and marking the financial sector's worst performance in at least two decades.

Further, federal regulators have ordered two of the banks to clean up their lending practices, bringing to 15 the number of banks in the state facing enforcement supervision from the government since 2007.

The numbers could signal further obstacles to borrowing for consumers and businesses, particularly through smaller banks along the Western Slope

Read the whole story at The Denver Post