Banking About Us

The Division of Banking

  • is responsible for the regulation of state chartered commercial banks, trust companies, and state licensed money transmitters;
  • holds charter and license application hearings and issues rules and regulations affecting regulated institutions;
  • staff conducts examinations of state chartered institutions and licensees;
  • works closely with the Federal Reserve Bank and the Federal Deposit Insurance Corporation in the regulation of commercial banks and certain federally insured trust companies; and,
  • is responsible for the enforcement of the Public Deposit Protection Act to protect public entity deposits held by state and national banks.

The State Bank Commissioner is the administrative head of the Division of Banking and is responsible for the day-to-day operation and all examinations and enforcement functions, subject to the policymaking and rulemaking authority of the Banking Board.

Information on the Division's budget, trend information for revenues, assessment base, and the cash fund balance, can be found in the Division's 2016 Annual Report. For additional information on the Division's expenditures and revenues, please visit the Transparency Online Project (TOP).

Colorado State Banking Board

The nine-member Governor-appointed Colorado State Banking Board is the policy and rulemaking authority for the Division. Read more >> 

State Bank Commissioner

Chris Myklebust was appointed as Colorado’s State Bank Commissioner in July 2015. As the State Bank Commissioner, he is responsible for all examination and enforcement functions of the Division of Banking, subject to the policy- and rule-making authority of the Banking Board, for all Colorado state-chartered commercial banks, trust companies, and licensed money transmitters. In addition, he is responsible for enforcing the Public Deposit Protection Act. Read more >>

Personnel

For a full list of division staff, click here >>

Contact Information

Colorado Division of Banking
1560 Broadway, Suite 975
Denver, CO 80202
Phone: 303-894-7575   |   Fax: 303-894-7570