Nebraska-based FirsTier opens loan office in Greeley, plans branch in Broomfield

GREELEY —  FirsTier Bank, based in Kimball, Neb., has entered the Colorado market, having opened a loan-production office in Greeley last month, and it is working on plans to open a branch at Arista in Broomfield.

Vandy Sears, president of FirsTier Bank in Kimball, said the office at 361 71st St. in Greeley is being run by commercial-loan officer Janella Werth.

Sears said the bank has plans to expand its footprint in Colorado and is working on opening a branch in Broomfield to go along with its five other branches — three in Nebraska and two in Wyoming.

FirsTier Bank in Kimball was an affiliate of the FirsTier Bank Colorado based in Louisville, which was shut down by the FDIC in 2011. The two banks operated under separate charters and separate holding companies, but each holding company at the time had two board directors in common — Joel Wiens and Tim Wiens. The Wiens still have an ownership stake in FirsTier Bank in Kimball, Neb., according to Paul Suter, a spokesman for the Wienses.

Tim Wiens is head of Wiens Capital Management LLC that for years has been building out Arista, a 200-acre mixed-use project in Broomfield that consists of housing, retail and office space and at one time housed a FirsTier Colorado office at 8001 Arista Place.

FirsTier Bank Colorado, based in Louisville, and FirsTier Bank in Kimball in 2003 formed a chain banking organization, or CBO, according to the Federal Deposit Insurance Corp. FirsTier Bank Colorado, in addition to its main office in Louisville, operated eight branches in the state.

The new FirsTier branch bank has been approved by the FDIC and the Colorado Division of Banking, Suter said. The branch will be part of the retail mix at the Turnpike Shops at Arista, an 18-acre retail development that is going through the city of Broomfield’s planning process, said Joe Zepeda, senior project manager for Wiens Capital Management LLC.

 

Leave a Reply

Your email address will not be published. Required fields are marked *