Premier Members Credit Union opens new Longmont branch

Broomfield-based Premier Members Credit Union opened a new branch this week at 1425 S. Airport Road in Longmont.

“The 1,669-square-foot redesigned space is the second within PMCU’s network to feature fully electronic kiosks,” PMCU said in a news release. “They can perform most basic transactions, like depositing or withdrawing funds.”

The South Airport Road branch is PMCU’s second in Longmont. Premier has other Boulder Valley and Northern Colorado branches in Boulder, Broomfield, Erie, Estes Park, Firestone, Gunbarrel, Louisville and Westminster.

Premier is in the process of merging with Wichita, Kansas-headquartered Meritrust Credit Union.

The deal, which the parties hope to consummate early next year, is expected to result in a combined organization with about 200,000 members, 33 branches, 650 employees and nearly $4 billion in total assets.

PMCU plans to retain its Colorado credit union charter, but rename the organization on the charter level Meritrust Credit Union. PMCU’s Colorado branches will keep their Premier Members branding.

The combined organization will retain administrative offices in both Wichita and Broomfield.

Boulder’s Comprise named Business Intelligence’s PR agency of year

Comprise, a full-service public-relations and marketing agency, was recently named Agency of the Year by Business Intelligence Group at the organization’s 2024 Public Relations and Marketing Excellence Awards.

“We believe innovative companies must demand innovative partners, and that’s what sets Comprise apart from traditional agencies — and we’re glad Business Intelligence Group sees this value,” Comprise CEO Doyle Albee said in a prepared statement.

This is the fourth consecutive year that Comprise, which also provides content development, strategy, website development, creative design, search engine optimization and social media services, has won Business Intelligence’s top honor.

“Congratulations to Comprise for its remarkable achievement. This award is a testament to the skill, innovation and passion their team brings to the field,” Business Intelligence Group CEO Russ Fordyce said in a statement. “We are proud to celebrate organizations like Comprise that set the benchmark for public relations and marketing excellence.”

Boulder investor Snow Peak Capital acquires TurbineAero

Private equity investor Snow Peak Capital LLC recently acquired TurbineAero Inc., a Phoenix-based provider of maintenance, repair and overhaul services focused on aircraft auxiliary power units.

“We are excited to partner with Snow Peak to invest in the next phase of TurbineAero’s growth and continue to deliver world-class services to our global client base. We look forward to maintaining our position as the leader in independent APU MRO services and aeroengines component repair and manufacturing,” TurbineAero CEO Peter Gille said in a prepared statement.

Terms of the acquisition were not disclosed.

Founded in 2019, Snow Peak invests in lower-middle market business services, technology and industrial firms.

In 2022 Snow Peak bought a controlling stake in Dalco Nonwovens LLC and Global Felt Technologies Inc., textile manufacturers in North Carolina and South Carolina, respectively.

Nasdaq warns S&W Seed over late annual report

Nasdaq compliance officials warned S&W Seed Co. (Nasdaq: SANW) this month that the late filing of its annual report could result in the company being delisted from the stock exchange.

“The Company has 60 days from the date of the notice to submit a plan to regain compliance with the Filing Requirement for consideration by Nasdaq,” S&W said this week in a regulatory disclosure. “The Company intends to timely submit a plan, including, but not limited to, a timeline in which the Form 10-K will be filed.”

The company’s fiscal year ended on June 30, and typically annual reports must be filed within 90 days. S&W Seed said in late September that it expected to file its report and hold a conference call with investors and analysts in early October. That has yet to happen.

“The delayed filing is due to the voluntary plan of administration (“VA”) S&W Seed Company Australia Pty Ltd, a wholly-owned subsidiary of the Company, adopted on July 24, 2024, and the additional time required to complete and compile the necessary financial information related to the potential outcome(s) of the VA process, and its impact on related disclosures throughout the Annual Report on Form 10-K, and required to prepare a complete filing,” S&W said last month.

— BizWest reports