Public Notices

Notice of Proposed Rulemaking

PLEASE BE ADVISED THAT, as required by Section 24-4-103, C.R.S., of the State Administrative Procedures Act, the Colorado State Banking Board (Banking Board) hereby gives notice of proposed rulemaking. A virtual and in-person hearing is scheduled for September 18, 2025, commencing at 10:00 a.m. at 1560 Broadway, Room 100D, Denver, Colorado, 80202. The virtual hearing is available via the Zoom link listed below; the passcode is 832326: https://us06web.zoom.us/j/84181226499?pwd=bGNmdFcwOHo3d3hnekJhblRDUlk1UT09

• Notice of Hearing, Basis and Purpose Statements for the following Money Transmitters Rules (Click the Rule for the Redline PDF:
  ●    MO0.5 Definitions - Amend
  ●    MO1 Surety Bond - Amend
  ●    MO2 Permissible Investments - Amend
  ●    MO3 Records - Amend
  ●    MO4 Qualification of License Applicant - Repeal
  ●    MO5 Change of Control - Amend
  ●    MO6 Compliance with Federal Regulations - Repeal
  ●    MO7 Customer Notice - Amend
  ●    MO8 Employee Money Laundering Affirmation - Repeal
   

Emergency Rulemaking: Money Transmitters

The Colorado State Banking Board finds that immediate adoption of the rules is imperatively necessary to comply with state law and that compliance with the rulemaking requirements of Section 24-4-103, C.R.S., applicable to non-emergency rules, including prior notice, would be contrary to the public interest. The specific purpose of the emergency rulemaking is due to the repeal and reenactment, with amendments, Title 11, Article 110 of the Colorado Revised Statutes, which will be effective August 6, 2025, and the emergency rules shall take effect August 6, 2025, and shall apply to acts committed on or after said date.

• Justification and Updated Rules

Hearings

Hearings will be listed on the Agenda. They are not held every month and are conducted on applications for:

• De Novo Charters
• Money Transmitter Licenses
• Rulemaking
• Other items requiring action by the Banking Board

Press Releases & Statements

April 2023: DORA released an update to its 2020 "Roadmap to Cannabis Banking & Financial Services." Access the new "Roadmap 2.0 - Cannabis Banking, Financial Services & Insurance" here

December 2023: Board Action Consent Order - Etana Custody Inc.

March 2024: Consent Order regarding Sigue Corporation (Sylmar, California)

October 2024 Updated Nonbank Ransomware Self-Assessment Tool (R-SAT) – Available now

Download the updated Nonbank Ransomware Self-Assessment Tool (R-SAT) today to evaluate your institution’s cybersecurity posture. This critical and repeatable cybersecurity tool is easy to use, and designed to assist nonbank companies of all sizes assess their readiness for ransomware attacks. This updated Nonbank R-SAT was developed collaboratively by CSBS, state bank examiners, the Bankers Electronic Task Force, and the U.S. Secret Service in response to the increasing cyber threat environment and evolutions in company control environments.

January 2025: Consent Order Block Inc.

March 2025: Consent Order Sigue Corporation

The Minutes are reviewed and approved by the Banking Board prior to posting. Minutes from several previous years are listed in the Documents table below.

The use of the words "Bank," "Trust," and "Trust Company" in any Colorado corporate filing is restricted by Sections 11-107-101 and 11-109-102, C.R.S.

• All requests for Use of Name must be approved by the Division of Banking prior to filing with the Colorado Secretary of State.
• Requests filed with the Division will be posted on this page for a fourteen (14) calendar day period, during which the public may submit any questions, comments, or objections on the proposed name.
• Questions, comments, or objections should be directed to 303-894-7575 or email DORA_BankingWebsite@state.co.us.
   

You may scroll through the list below, or for better accessibility click here to view and download the spreadsheet.