Banks enhance service in wake of branching

Like Colorado weather, Colorado banking over the last seven years has seen frequent changes, and more are on the way.

Setting the stage for change was passage in 1988 by Colorado legislators of a law that phased in out-of-state ownership of Colorado banks.

Other legislation passed in 1991 phases in unlimited intrastate branching by January 1997. In April of this year, a third bill was passed that will, by June 1997, permit interstate branching with few limitations.

While Coloradans debated the issues of interstate banking, several large out-of-state banks waited just over the horizon.

As soon as they could, they blew into the state…