Business briefs: First National Bank of the Rockies emerges from regulatory order
September 6, 2013
Steamboat Springs — First National Bank of the Rockies has completed the terms of a consent order and terminated the voluntary agreement.
Following the most recent recession and housing crash, First National Bank of the Rockies entered into the consent order with the Office of the Comptroller of the Currency in November 2009 to address the regulatory agency's concerns about the bank's commercial real estate risk management, problem loan management and other risk assessment and management processes, according to a news release.
The release states that the bank now is in compliance with all 12 portions of the order.
"In today's economic climate, people want to know how financially stable their bank is," Pete Waller — president, chairman and CEO of First National Bank of the Rockies — said in the release. "There's a lot of misinformation about the banking business out there, and we want to clearly communicate the facts about the regulatory issues we faced and the financial strength of FNBR."
A number of banks were under consent orders following the most recent recession and many remain so.
Steamboat transport company receives 2 awards
GO Alpine in Steamboat Springs recently received two awards.
The GO Group, which is a network of ground transportation operators that together serve 68 airports across the globe, recognized GO Alpine as the 2013 GO Group Operator of the Year, according to a news release.
"GO Alpine was acknowledged for their support of the GO brand, for their quality of service, for their help in developing service standards, and for their unique marketing initiatives," the release states.
GO Alpine also received the President's Circle Award from TRAX Insurance for its safety record.
"GO Alpine has now won this award in 2006, 2009, 2011, 2012 and 2013, and they have scored in the top 10 safest companies every year since 2005, as well," the release states.
Steamboat's Manic Training is moving
Manic Training will be the new tenant in The Dover Building, which recently was purchased by the Glen Jeckel Revocable Trust, according to a news release.
The Dover Building has three units and is located on Downhill Drive in the Elk River Industrial Park.
Manic Training is a high-intensity program developed by Graham Muir in Steamboat.
To reach Michael Schrantz, call 970-871-4206 or email mschrantz@SteamboatToday.com