CSBJ Daily

UMB Bank Colorado will acquire The Citadel Bank in an all-cash deal upon regulatory approval.

UMB Financial Corp. is the holding company of UMB Bank Colorado, and Citadel is a subsidiary of Citadel Bancorporation.
Regulatory approval of the transaction is expected by early fall. The combined deposits in Colorado Springs will total about $235 million, increasing UMB’s […]

The Associated Press
WASHINGTON – Consumer prices shot up during June at the second fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.

The Labor Department reported that consumer prices jumped 1.1 percent last month, much worse than had been expected. Energy prices rocketed upward by 6.6 percent, reflecting big gains […]

ITT Systems Division of Colorado Springs has been awarded a $33.6 million contract to provide radar surveillance for the country’s Tethered Aerosatellite Radar System counter-drug program.
The surveillance capability extends throughout the United States and at eight sites including those along the Mexican border, the Florida Straits and southwest Puerto Rico. The […]

Bloomberg news is reporting that the United Nations’ Convention on International Trade in Endangered Species said it will allow southern African countries to sell elephant ivory in a one-off trade, skirting a ban on dealing in the product until 2016.
South Africa, Zimbabwe, Namibia and Botswana will be able to market 108 […]