Regional banks provide higher-end interest rates

Banking consumers in Northern Colorado will find many banking institutions here offering higher deposit interest rates than banks elsewhere in the state and nation.

The higher rates reflect strong loan demand in the region, bankers say, and the ongoing competition among banks for customers.

The region’s banks continue to face stiff competition fueled by population growth and the appeal of a still-strong construction market.

The number of banks doing business here also has continued to climb. As of June 20, 2005, according to the Federal Deposit Insurance Corp., Larimer County was home to 31 banking institutions with 86 offices. Weld County, meanwhile, had…