Next chapter in New Frontier Bank saga unfolds

GREELEY – New Frontier Bank’s former president may have blamed the termination of a capital deal on federal regulators, while a bank spokesman said it was more likely an accumulation of things, but the bank’s lawyers are citing a former employee, son of the owner of a customer it is fighting with in bankruptcy court as the real culprit.

By the end of the first week in April, Boulder-based investor group Colorado Financial Holdings had pulled a capital investment of at least $30 million off the table after months of due diligence and working to get regulatory approvals. New Frontier has…