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Post: Colorado Bank Regulation Had Weaknesses Over The Decade

Colorado banking regulatory weaknesses persisted for the past decade, a Denver Post investigation found,
allowing New Frontier Bank of Greeley to engage in dangerous practices before it was shut down in April 2009, leaving a $1 billion cleanup bill. It was among the costliest bank failures in the country this year. The story references a 2003 audit of the state Banking Division; it’s published below.

2003_BankingAudit

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