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COLORADO STATE PUBLICATIONS LIBRARY 3 1799 00126 0678 EIGHTY-SECOND ANNUAL REPORT OF THE STATE BANK COMMISSIONER OF THE STATE OF COLORADO To His Excellency ROY ROMER The Governor of the State of Colorado For the period from January 1, 1991 to December 31 1991 , TABLE OF CONTENTS Latter to Governor Romer 1 Colorado State Banking Board 11 Divislofc of Banking Personnel ill COMMERCIAL BANKS Loan Reporting Information 1 .... Oe Novo Bank Charters Approved and Bank Conversions 2 De Novo Branches 3 Branches (through conversion) 4 Branches (through acquisition) 5 Closures 6 Commercial Bank Emergency Rules . Commercial Bank Rules 9 Abstract 45 Statements of Condition 46 INDUSTRIAL BANKS Industrial Bank Closures 204 Industrial Bank Branches (through conversion) 205 Industrial Bank Emergency Rules 206 Industrial Bank Rules 208 Abstract 243 Statements of Condition 244 TRUST COMPANIES Trust Company Rules 256 Abstract 284 Statements of Condition 285 PUBLIC DEPOSIT PROTECTION ACT PDPA Rules 293 Index 295 STATE OF COLORADO DepartmentofRegulatoryAgencies StevenV Berson ExecutiveDirector DIVISION OFBANKINC BScttaftbejrBjaMnkACoWmamliksersioner CRoovveRrnoomffi ^ JamesT Dillon ChiefDeputyBankCommissioner December 31, 1991 The Honorable Roy Romer Governor, State of Colorado State Capitol, Room 103 Denver, Colorado 80203 Dear Governor Romer: I am honored to submit this Annual Report of Condition for all state chartered commercial banks, industrial banks, and state chartered trust companies, as required by the provisions of Colorado Revised Statutes, Sections 11-2-110, 11-22-109.6, and ll-2'3-118, respectively. The 161 state chartered commercial banka reported total deposits of $5,157,192,000 and total assets of $5,738,849,000, as of December 31, 1991. Assets increased by 6.4 percent over those reported in 1990. At the end of 1990, there were 168 state chartered commercial banks with total assets of $5,393,453,000 and total deposits of $4,832,893,000. The 12 state chartered industrial banks reported total deposits of $249,325,000 and total assets of $323,613,000 as of December 31, 1991. Assets decreased 8 percent since 1990, at which time the 23 state chartered industrial banks reported total assets of $351,725,000. At year end 1990, the industrial bank's deposits totaled $223,387,000. Colorado has 8 state chartered trust companies which reported total assets of $646,432,000 and total deposits of $578,950,000 as of December 31, 1991. Assets increased 25.2 percent since 1990, at which time the 5 state chartered trust companies reported total assets of $516,456,000. Prior to 1990, Colorado law did not authorize state chartered trust companies to accept deposits. Also included in this report are all rules and regulations adopted by the Colorado State Banking Board during 1991, and the dollar amount and geographic distribution of Colorado loans outstanding by state chartered commercial banks conducting business in Colorado. The outstanding loans are reported in accordance with Colorado Revised Statutes, Section 11-7-112. Sincerely, P Barbra M.A. Walker State Bank Commissioner 1560Broadway,Suile 1175, Denver,COB0202 (303)894-7575 PDPA(303)894-7572 FAX(303)894 7570 COLORADO STATE BANKING BOARD J. Robert Young Chairman Penfield W. Tate, III Term Expires July 1, 1995 William A. Mitchell Term Expires July 1, 1995 Salvador Gomez Term Expires July 1, 1995 R. Kent Landmark Term Expires July 1, 1993 Jerald Starks Term Expires July 1, 1993 Sandra J. Herzog Term Expires July 1, 1993 Mary L Mohr Term Expires July 1, 1993 Legal Counsel Richard H. Forman Sherri Vincent Assistant Attorneys General u DIVISION OF BANKING Barbara M.A. Walker State Bank Commissioner James T. Dillon Chief Deputy Bank Commissioner J.D. Chatman Kenneth R. Ehrich Louise Fish Lee B. Woodbury Supervising Examiners E. Earl Penwell Problem Bank Supervision Sr. Financial Institutions Examiner Sue C. Johnston StaffAssistant to Board and Commissioner Robert Kissel Leonard A. Reish EDP Auditor II Morris Augusta Kenneth Malskeit Walter Epting Michael R. Mitchell Robert Flinton John Wood Sr. Financial Institutions Examiners Milad G. Fam Thomas E. Rockwell Daniel A. Gloekler Raymond Schom Victor A. Hangar Robert L Smith R. Charles Krieger Richard W. Thomason Ronald R. Roberts G. John Uebelhoer Financial Institutions Examiners ADMINISTRATIVE SECTION Barbara J. Einspahr Clerical Supervisor III Jan Bostwick Laudis Costa Word Processor B Word Processor B Gloria Montez Jack Rhoads Word Processor B Accounting Technician II Peter Walker Administrative Clerk PDPA-COMPLIANCE-TRUST Cynthia Chamberlin Unit Chief Randy Garroutte Virginia Greenwalt-Belmain Trust Trust Margaret Chalmers David C. Webb PDPA Compliance Linda Hunter Vivian Mooren Sr. Administrative Clerk Administrative Clerk iii o T9J 50U O Jn SB U 9 8 2 O 0 O ® T—<UoJ0 o® 9co uOc TU4oJ3 S 9a 4O4 -* *j 04* tTujJ ®® t*®jJ jT®QJ BANKS •-* %* 9 -4 V 8 2 OMITTED) -UO4 «®u9 *-44 0U®43 JOC* COLORADO (000 £<«o -<u40 t0<uj --4o4< nc« BY 1991 -34 -£a4 -oot o® oo* 9 U UC ?. 30, 43 a OUTSTANDING s i 8 JUNE TC«J V-H4 30 OF > *cJd 0a4®J 8 8 LOANS AS -®4 *Cj « c u9 TcJ -O443 -®3aQ -4aO3 <m a £ i4 -£H«4 4«4aJJJ -~44 £4®J -oK®4 1 BANK CIAL COMMER TO BANK INDUSTRIAL - CONVERSIONS BAMK -*HJ £O OO'V^) -uh <H a, ** 3 £ < u COMMERCIAL 2