Compass reports 96 percent increase in income
The Birmingham, Ala.-based bank brought in $140 million in the second quarter, up from $72 million in the second quarter of 2011. Lending increased by 10 percent compared to the same quarter of 2011, rising to $44.5 billion.
Deposits at Compass Bank increased by 6 percent to $48.3 billion, with an 11 percent increase in non-interest bearing deposits.
Its nonperforming loan ratio dropped from 4.7 percent to 3.2 percent year-over-year.
Compass Bank has four Northern Colorado locations, two in Fort Collin and one each in Loveland and Greeley.
More breaking news...
Hickenlooper OKs graywater bill
The number of deals sank to
Avago wins approval from city for $22M expansion
Rep. Randy Fischer, D-Fort Collins, and Sen. Gail Schwartz, D-Snowmass Village,