Friday, March 20, 2009

Bank Twins Buried Together

Tales We Doubt Were Told

Colorado Spring Gazette, Feb 24, 2009:
"Federal regulators have imposed additional restrictions on how Colorado National Bank can attract deposits, but have told its parent company that the troubled bank has enough reserves to escape seizure despite mounting losses * * * according to a filing with the Securities and Exchange Commission late Monday. The filing was made by Team Financial Inc., the Paola, Kan.-based owner of Colorado National and Team Bank in the Kansas City, Mo., area.

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