Colorado Community Bank sale completed

LONGMONT – Carlile Bancshares Inc. of Fort Worth, Texas, closed on the purchase of Colorado Community Bank on Dec. 28.

Carlile Bancshares paid $65 million to buy Yuma-based Colorado Community Bank’s parent company, Washington Investment Corp. The purchase price was a two-part transaction totaling $65 million, $35 million cash and $30 million in notes.

Colorado Community Bank has 17 locations in the state, including one at 351 Coffman St. in Longmont. CCB has $485 million in assets. The bank entered Longmont in March 2010 when it acquired Liberty Savings branches there and in Northglenn.

Carlile’s combined assets will be $1.8 billion, with 36 branch locations including 21 in Colorado and 15 in Texas.

Carlile is the parent company of Bank at Broadmoor in Colorado Springs and Northstar Bank of Texas in Denton, Texas.

The deal was announced in May. The Federal Reserve approved the purchase on Dec. 13.


Comments

Advertising
Advertising
Advertising

Assessed Valuations

FacebookTwitterLinkedInE-mail Here’s a question we hear from customers quite often: When will rates go up and what happens when they

Custom Publications

Awards

  • Awards – 02/28/2014

    FacebookTwitterLinkedInE-mail Boulder-based Clean Energy Collective received the Most Innovative Solar Company award from Solar Power Generation USA. Clean Energy develops

  • Awards – 02/14/2014

    FacebookTwitterLinkedInE-mail Lafayette-based The Creative Alliance won an American Package Design Award from GD USA Magazine for packaging designed for its

  • Awards – 01/31/2014

    FacebookTwitterLinkedInE-mail Two University of Colorado-Boulder researchers were among 15 honored week by the National Academy of Sciences for extraordinary scientific

RSS

RSS

RSS

RSS

RSS

Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon