Board Meetings
The notices regarding Board Meetings are updated no later than the 10th of each month. Posting of "Use of Name" requests are done as needed. If you have any questions with regard to this information, please contact the Division at 303-894-7575.
The Banking Board meets the third Thursday of every month and, with the exception of Executive Sessions, meetings are open to the public. The public is invited to attend in person 10:00 a.m. MDT at 1560 Broadway, Suite 100D, Denver CO or watch the meeting via the Zoom link listed below; the passcode is 832326:
https://us06web.zoom.us/j/84181226499?pwd=bGNmdFcwOHo3d3hnekJhblRDUlk1UT09
The bulletin lists applications from the previous month that have been approved by the Banking Board or the State Bank Commissioner via delegated authority granted by the Banking Board. Transactions remain on the bulletin until completed. Bulletins from the previous few calendar years are listed in the Archives at the foot of this page.
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
Notice of Rulemaking
An in-person and virtual hearing is scheduled for Thursday, July 20, 2023, commencing at 10:00 am at 1560 Broadway, Suite 100D, Denver, Colorado. To attend virtually, please use passcode 832326 and access via https://us06web.zoom.us/j/84181226499?pwd=bGNmdFcwOHo3d3hnekJhblRDUlk1UT09. The purpose of the hearing is to hear comments concerning the proposed amendments of the following Banking Board Rules (Click the title to open the Basis & Purpose plus the Redline version):
CB101.49 Scope of Directors’ Examinations
CB101.51 Minimum Capital Ratios
CB101.52 Risk-Based Capital Definitions and Adequacy
CB101.64 Lending Limits
Sunset Reviews
The Colorado Office of Policy, Research and Regulatory Reform is conducting two sunset reviews: one of the Division of Banking and the Banking Board and another of the regulation of Money Transmitters. Each review will produce a report to the Colorado General Assembly and result in legislation based on the recommendations in the reports. Analysis is performed to determine whether regulation is necessary and, if it is necessary, whether any changes should be made to the regulation of state chartered banks, trust companies, escrow companies and money transmitters. Stakeholders are invited to submit any issues, concerns or ideas about the regulation of these entities to COPRRR. To submit your comments online, please visit COPRRR's online form.
Press Releases & Statements
Use of Name Requests
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_applications@state.co.us.
A request was received from OakStar Bank (Springfield, Missouri) to use the name "OakStar Bank" in Colorado.
The fourteen (14) calendar day period for either submission of comments or objections regarding the request will expire on June 8, 2023.
Cannabis Banking & Financial Services
In 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