Peoples Bank (Colorado Springs, CO) is headquartered in Colorado Springs and is the 23rd largest bank in the state of Colorado. It is also the 1,952nd largest bank in the nation. It was established in 1976 and as of March of 2016, it had grown to 247 employees at 6 locations. Peoples Bank (Colorado Springs, CO) has a B+ health rating.
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
|FDIC Certificate #||22211|
|Return on Assets - YTD||1.51%|
|Return on Equity - YTD||15.65%|
|Annual Interest Income||$3.2MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$343.0MM$316.2MM|
|Loans||Q1 2016vs Q1 2015||$255.1MM$215.9MM|
|Deposits||Q1 2016vs Q1 2015||$260.0MM$244.7MM|
|Equity Capital||Q1 2016vs Q1 2015||$34.2MM$31.7MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$1.8MM$1.6MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$3.0MM$1.7MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$1.1MM$1.6MM|
Sorry, we do not have rate data for Peoples Bank (Colorado Springs, CO).
|Peoples Bank (Colorado Springs, CO) Locations|
|Gleneagle Branch||13725 Struthers Road Suite 1||Colorado Springs, CO 80921|
|Monument Branch||1899 Woodmoor Drive||Monument, CO 80132|
|North Tejon Branch||19 North Tejon, Ste 100||Colorado Springs, CO 80903|
|Leadville Branch||400 Harrison Avenue||Leadville, CO 80461|
|Peoples National Bank||5175 North Academy Boulevard||Colorado Springs, CO 80918|
|Woodland Park Branch||651 Scott Avenue||Woodland Park, CO 80863|