September 16, 2005

Local liquor stores hit hard by bad checks

In his 22 years in the wine and spirits business in Fort Collins, Phil Pringle said he has never had a problem such as the one his store is experiencing now.

Pringle, owner of Pringle’s Fine Wine and Spirits in Fort Collins, said a rash of bad checks from one particular bank has caused him to stop accepting any checks drawn on that bank.

Pringle estimates that he has received between $1,000 and $2,500 worth of bounced checks from Academy Bank accounts.

Colorado Springs-based Academy Bank has $126 million in assets and four Northern Colorado branches – three located inside Wal-Mart Supercenters in…

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