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FirstBank Holding Co
FirstBank Holding Company (or 1stBank) is an American privately held bank and financial services company that operates more than 100 locations in three states in the Southwestern U.S., in Colorado, Arizona, and California. Founded in 1963, it is headquartered in Lakewood, Colorado. History FirstBank was founded by George and Everett Williams in Lakewood, Colorado, in 1963 as the First Westland National Bank. The Williams were joined on the founding board by Ira C. Rothgerber Jr. and William Johnson, both from the Denver law firm Rothgerber, Appel and Powers (now Lewis Roca). Roger Reisher became the founding president of the bank and remained at the position for the first 36 years of the bank's history. By the 1970s, the company had grown to include a number of additional Colorado locations including banks in Vail and Wheat Ridge. In 1978, the organization consolidated under its current name, FirstBank. In 1985, the bank opened its first location outside Colorado in Palm Deser ...
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Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Newspapers
A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, sports and art, and often include materials such as opinion columns, weather forecasts, reviews of local services, obituaries, birth notices, crosswords, editorial cartoons, comic strips, and advice columns. Most newspapers are businesses, and they pay their expenses with a mixture of subscription revenue, newsstand sales, and advertising revenue. The journalism organizations that publish newspapers are themselves often metonymically called newspapers. Newspapers have traditionally been published in print (usually on cheap, low-grade paper called newsprint). However, today most newspapers are also published on websites as online newspapers, and some have even abandoned their print versions entirely. Newspapers developed in the 17 ...
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1963 Establishments In Colorado
Events January * January 1 – Bogle–Chandler case: Commonwealth Scientific and Industrial Research Organisation scientist Dr. Gilbert Bogle and Mrs. Margaret Chandler are found dead (presumed poisoned), in bushland near the Lane Cove River, Sydney, Australia. * January 2 – Vietnam War – Battle of Ap Bac: The Viet Cong win their first major victory. * January 9 – A total penumbral lunar eclipse is visible in the Americas, Europe, Africa, and Asia, and is the 56th lunar eclipse of Lunar Saros 114. Gamma has a value of −1.01282. It occurs on the night between Wednesday, January 9 and Thursday, January 10, 1963. * January 13 – 1963 Togolese coup d'état: A military coup in Togo results in the installation of coup leader Emmanuel Bodjollé as president. * January 17 – A last quarter moon occurs between the penumbral lunar eclipse and the annular solar eclipse, only 12 hours, 29 minutes after apogee. * January 19 – Soviet ...
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Economy Of The Southwestern United States
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. ...
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Banks Based In Colorado
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Companies Based In Lakewood, Colorado
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "arti ...
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1stBank Center
The 1stBank Center (originally the Broomfield Event Center and formerly the Odeum Colorado) is a multi-purpose arena located 15 miles northwest of Downtown Denver, in the city of Broomfield. It is located near the Rocky Mountain Metropolitan Airport and the Flatiron Crossing Mall. Opening in 2006, the arena naming rights belong to 1stBank, a local financial institution since 2010. The venue is typically used for mid-sized concerts in the Denver Metro area, seating up to 6,500 patrons. From June 2010 until May 2014, the arena housed the Colorado Music Hall of Fame before it moved to its permanent home at the Red Rocks Amphitheatre. For sports, it is the current home of the Denver Roller Dolls and former home of the Rocky Mountain Rage and Colorado 14ers. History The City and County of Broomfield unveiled plans for a new sports facility in the Denver Metro area, in May 2005. Led by Jim Wiens and John Few, the venue is an anchor for the 215-acre commercial and residential develo ...
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John Hickenlooper
John Wright Hickenlooper Jr. (; born February 7, 1952) is an American politician serving as the junior United States senator from Colorado since 2021. A member of the Democratic Party, he served as the 42nd governor of Colorado from 2011 to 2019 and as the 43rd mayor of Denver from 2003 to 2011. He was a geologist and businessman before entering politics. Born in Narberth, Pennsylvania, Hickenlooper is a graduate of Wesleyan University. After a career as a petroleum geologist, in 1988 he co-founded the Wynkoop Brewing Company, one of the first brewpubs in the U.S. Hickenlooper was elected the 43rd mayor of Denver in 2003, serving two terms. In 2005, ''TIME'' named him one of America's five best big-city mayors. After incumbent governor Bill Ritter said that he would not seek reelection, Hickenlooper announced his intention to run for the Democratic nomination in January 2010. He won an uncontested primary and faced Constitution Party nominee Tom Tancredo and Republican ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of t ...
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Palm Desert, California
Palm Desert is a city in Riverside County, California, United States, in the Coachella Valley, approximately east of Palm Springs, northeast of San Diego and east of Los Angeles. The population was 48,445 at the 2010 census. The city has been one of the state's fastest growing since 1980, when its population was 11,801. A major center of growth in the Coachella Valley, Palm Desert is a popular retreat for " snowbirds" from colder climates (the Eastern and Northern United States, and Canada), who swell its population by an estimated 31,000 each winter. Palm Desert has seen more residents become "full-timers", mainly from the coasts and urban centers of California, who have come for both affordable and high-valued homes. History The ancestral homeland of Cahuilla, a division of the Morongo Band of Mission Indians. Their bird songs and funeral songs share the oral tradition of how they were present on these lands for over 10,000 years. The area was first known as the Old Mac ...
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Wheat Ridge, Colorado
The City of Wheat Ridge is a home rule municipality located in Jefferson County, Colorado, United States. Wheat Ridge is located immediately west of Denver and is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area. The Wheat Ridge Municipal Center is approximately west-northwest of the Colorado State Capitol in Denver. The city had a population of 30,166 as of the 2010 Census. History Although Wheat Ridge is a relatively young incorporated city, it has a history based on agriculture and the community's location along regional travel routes. It grew from a popular rest stop for travelers during the Gold Rush of the late 1850s to an agricultural and suburban community known as the “Carnation City” in the mid 1900s. As the residential areas of unincorporated Jefferson County grew to provide housing to the Denver workforce during the 1950s, the major transportation corridors extending from Denver developed with commercial services. During that er ...
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Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-fina ...
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