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Overview / Commentary
719-632-6700
5175 North Academy Boulevard
Colorado Springs, CO 80918

Peoples Bank (Colorado Springs, CO) is headquartered in Colorado Springs and is the 17th largest bank in the state of Colorado. It is also the 1,674th largest bank in the nation. It was established in 1976 and as of September of 2016, it had grown to 267 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
A

Health Grade Components

Overall
FDIC Certificate #22211
Year Established1976
Employees267
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.44%
Return on Equity - YTD25.06%
Annual Interest Income$10.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$410.3MM$359.2MM
LoansQ3 2016vs Q3 2015$316.6MM$255.6MM
DepositsQ3 2016vs Q3 2015$286.0MM$250.2MM
Equity CapitalQ3 2016vs Q3 2015$38.6MM$32.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$2.2MM$1.5MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$933.00K$1.7MM
Real Estate OwnedQ3 2016vs Q3 2015$198.00K$1.1MM
Rates

Sorry, we do not have rate data for Peoples Bank (Colorado Springs, CO).

Locations


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