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5175 North Academy Boulevard
Colorado Springs, CO 80918

Peoples Bank (Colorado Springs, CO) is headquartered in Colorado Springs and is the 22nd largest bank in the state of Colorado. It is also the 1,910th largest bank in the nation. It was established in 1976 and as of June of 2016, it had grown to 259 employees at 6 locations. Peoples Bank (Colorado Springs, CO) has an A health rating.

Reviews (1)

Disinterested, Slow, Poor Mortgage Service – Very Disappointing

Posted by: haebichb | Nov 7, 2012

We deeply regret having used Peoples National Bank and Mortgage for our financing needs. The reasons for this are many but essentially this is the consequence of lack of communications, collaboration, and status information coming from our the Branch Manager and Mortgage Banker.  This is particularly ironic since your website (www.newloaninfo.com) states the following “That is why we take the time to get to know you and your unique financial goals.”  In our case, our loan officer made no effort to meet with us (despite us living just a few minutes from his office), he failed to call us (even when there were issues with the loan), he failed to explain the forms that we needed to fill out (we had to ask what various acronyms meant), and when we initiated inquiries his responses were either flippant or ignored.

Furthermore Peoples delayed our loan processing on more than one occasion - In one case Peoples “cost” us a four day delay when they failed to submit our package to HUD on the Friday prior to a Holiday Weekend. The cumulative delays in processing the loan added two weeks to our closing.

In essence Peoples only contacted us when something was needed.  Rarely if ever was an explanation provided. Towards the end of the unduly delayed loan approval process, the interactions devolved into daily emergency requests for information without any relief, explanation, or indication when it might end.  (We asked on multiple occasions when we could hope to close.  They ignored these inquiries.)

Information coming from Peoples was spotty and limited to our inquiries.  At no time did our loan officer explain the forms – they were simply e-mailed to us with sweeping circles scribbled on them indicating where we need to sign.  Some forms were complete mysteries to us.

We deeply regret using Peoples Mortgage and the reason for this can attributed to a complete lack of communications from our loan officer



Health Grade Components

FDIC Certificate #22211
Year Established1976
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.1%
Return on Equity - YTD21.27%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$352.2MM$344.0MM
LoansQ2 2016vs Q2 2015$268.6MM$245.0MM
DepositsQ2 2016vs Q2 2015$265.1MM$245.3MM
Equity CapitalQ2 2016vs Q2 2015$36.2MM$33.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.0MM$1.5MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.4MM$1.8MM
Real Estate OwnedQ2 2016vs Q2 2015$1.0MM$1.1MM

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Peoples Bank (Colorado Springs, CO) Locations
Gleneagle Branch13725 Struthers Road Suite 1Colorado Springs, CO 80921
Monument Branch1899 Woodmoor DriveMonument, CO 80132
North Tejon Branch19 North Tejon, Ste 100Colorado Springs, CO 80903
Leadville Branch400 Harrison AvenueLeadville, CO 80461
Peoples National Bank5175 North Academy BoulevardColorado Springs, CO 80918
Woodland Park Branch651 Scott AvenueWoodland Park, CO 80863