Colorado banks' profits increased 10-fold in 2013 from the year before, but the 2012 profits were dragged down by one new bank charter in the state. The state's federally insured banks reported $458 million in net income in 2013, up from $44 million in 2012, according to the Federal Deposit Insurance Corp., in its quarterly bank performance report released Wednesday. But Aurora Bank FSB moved its bank charter from Delaware to Colorado in 2012, and dragged about $371 million in losses with it. That…
Reported by bizjournals 5 hours ago.
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