Colorado National Bank is a full service financial institution with its main office located in Colorado Springs, Colorado.  The bank has two additional bank branches in Falcon and Monument.  Colorado National Bank is a wholly owned subsidiary of Team Financial, Inc.  Team Financial, Inc. is a financial holding company incorporated in the State of Kansas.  Team Financial, Inc. offers community banking and financial services through 19 locations in Kansas, Missouri, Nebraska and Colorado through their wholly owned banking subsidiaries, TeamBank, N.A. and Colorado National Bank. 

Per Team Financial Inc. the subsidiary banks of Team Financial, Inc. are currently not in compliance with Consent Orders with the OCC.  The Consent Orders stem from an examination of the banks, from which both of the banks received a letter from the OCC, Kansas City South Field office on April 24, 2008, indicating that it believes the Banks are deemed to be in “troubled condition” for purposes of Section 914 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and, as a result, the banks are subject to specified restrictions on operations.  On July 13, 2008, the Company also received a similar “troubled condition” letter from the Federal Reserve Bank of Kansas City with regard to the holding company.  These letters were based upon the OCC staff’s determination that the banks had deficiencies in credit administration practices, loan risk rating systems, loan loss allowance methodologies, and levels of classified assets.  The banks are working to achieve compliance. 

Colorado National Bank offers a wide variety of CDs with numerous maturity and interest options.  The bank is running three special promotion CDs at this time.  The bank has a 6 month CD with an interest arte of 2.42% APY, a one year CD with a rate of 2.84% APY and a two year CD with an interest rate of 3.13% APY.

There is a $1,000.00 minimum deposit to open these CD accounts and obtain the CD rates.  More information on bank rates and bank products can be obtained by contacting the bank at 719-473-2000.  The bank web site also displays the current CD rate specials as well as additional data on bank savings products.  The bank web address can be found at www.coloradonational.com.

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