Tenth Colorado bank borrows through TARP - Denver Business Journal:

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The Granby-based bank holding company, parent of Grandf Mountain Bank, is the 10th Colorado company to participater in the CapitalPurchase Program, whicyh began last fall. Part of the federal Troubled Asset RelieProgram (TARP), it’s a voluntargy program under which healthy banks sell preferredx equity shares to the government. Hundredws of banks around the country currentlg participate inthe program, including the following in Colorado: COBZ), based in Denver, parent of Colorad o Business Bank, which received $64.5 million. Bankers’ Bank of the West Denver, parent of Banker’s Bank of the $12.6 million. First Western Financial Inc.
, Denver, parent of First Western Bank and Trust, $8.6 ColoEast Bankshares, Lamar, parent of Colorado East Bank & $10 million. Columbine Capital Buena Vista, parent of Collegiate Peaks Bank, $2.3 million. First Southwesr Bancorporation, Alamosa, parent of , $5.5 Alpine Banks of Glenwood Springs, $70 million. Millennium Bancorp, Edwards, parent of Millennium Bank, $7.26 million. Omega Capitapl Corp., Lakewood, parent of Front Rangew Bank, $2.8 million. Meanwhile, Aurora Loan Servicese LLC of Littleton hasreceived $798 millioj so far through another U.S. Treasuryy program that provides incentives for lenderz to modify home mortgagwe loans held bystruggling borrowers.