Interview with President/Ceo of the Bank at Broadmoor in Colorado Springs

Summary

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Ed Sauer's career in the banking industry started not by making loans, but by collecting on defaulted loans. Repossessing cars and furniture taught Sauer valuable lessons about the responsibilities of underwriting loans, he said.

"You get a different perspective about loaning money when you start out having to collect from people who can't pay their loan," Sauer said. "It gave me a much better perspective on (people's) character."

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Extract

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Interview with President/Ceo of the Bank at Broadmoor in Colorado Springs

Sauer continued his career at United Bank, which later became Wells Fargo, as a commercial loan officer. He then held executive positions at Pikes Peak National Ba...

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