Tweet
Sources:
http://www.msnbc.msn.com/id/20508738/
http://www.federalreserve.gov/boardd...29/default.htm
http://www.msnbc.msn.com/id/20508738/
http://www.federalreserve.gov/boardd...29/default.htm
Mounting problem loans at Denver's Premier Bank have prompted state and federal regulators to step in and demand the bank clean up its balance sheet.The Federal Reserve and the Colorado Division of Banking have entered into a "written agreement" with Premier Bank that requires it to revise its lending policies and stop extending credit to borrowers who have created the bad loans.