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BizWest Edition - November 2024

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  • Competition for deposits ‘more intense than ever’

    Competition for deposits ‘more intense than ever’

    Banks vie with payment apps, gambling sites, even Starbucks

    Many banks serving Northern Colorado have seen their deposits drop slightly since the pandemic hit four years ago, but the loss of pandemic relief funds isn’t the only reason for that phenomenon. Higher interest rates and increased competition have also had an impact. Banks in Boulder, Broomfield, Larimer and Weld counties recorded $30.8 billion in…

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