Centennial Bank of the West switches signage Feb. 16

DENVER — Centennial Bank of the West is nearing its ride into the sunset.

Centennial Bank Holdings Inc. (Nasdaq: CBHI) announced that it completed the previously announced merger of its two subsidiaries — Fort Collins-based Centennial Bank of the West and Denver-based Guaranty Bank and Trust Co. The merger was finalized on Jan. 1; however, the banks will operate separately until the end of the day on Feb. 15. Starting Feb. 16, the signage on all Centennial Bank of the West branches will change to Guaranty. The merger will allow customers of both banks access to all 36 branches along the Front Range. The total cost of the merger was expected to be around $1.5 million, with future cost savings on advertising and regulatory reporting requirements anticipated.

Centennial Bank of the West was founded in 1993 through the merger of Eaton Bank and Greeley Farmers Bank. In 2004, the bank was acquired by California-based Castle Creek Financial, headed by dealmaker John Eggemeyer, for $155 million. In morning trading, Centennial Bank Holdings’ stock was down 28 cents to $5.50.

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