United Bank: Authorities close Colorado bank; Indiana bank assumes deposits

In the first Colorado bank closure in nearly four years, Premier Bank of Denver has been shuttered by government authorities and its deposits transferred to an Indiana bank. The Colorado Division of Banking said it closed Premier Bank and appointed the Federal Deposit Insurance Corporation as receiver. "To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, fsb, [of] Evansville, Indiana, to assume all of the deposits of Premier Bank," the...