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John Ringland used to get along well with lenders at Colonial Bank.

After all, Colonial helped the Cape Coral entrepreneur build a successful self-storage facility in the fast-growing Lee County city during the housing boom. Not even Hurricane Charley in 2004 could stop the rush of customers as he built hundreds of units to keep up with demand.

But in the downturn, Ringland was a few days late making an interest payment and the bank sold his loan to a group of Denver investors who he says want to take his business and sell it off.