We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
Mark Bower, Home State’s executive vice president, chief financial officer and chief operating officer, was elected chairman-elect in one of three unanimous votes Thursday by members of the association, which represents more than 90 percent of the 152 banks in Colorado – including $115 billion in assets, 1,600 branches and 23,000 professionals.
Also elected to the board were Jeff Schmitz, executive vice president and COO of Citywide Banks of Colorado Inc., who will serve as CBA chairman for the 2014-15 year, and David Kelly, chief risk officer of FirstBank, who will serve as CBA treasurer. FirstBank locations include branches throughout the Boulder Valley and Northern Colorado.
Bower has worked for 19 years at locally owned Home State Bank, which has 11 branches in Northern Colorado and total assets of approximately $700 million. He oversees the bank’s operations, information technology, financial planning and reporting, asset/liability management, investments, audit and compliance areas. He is active in Loveland Sertoma and Vintage City Church in Loveland.
Schmitz, who has been employed at Citywide Banks of Colorado Inc. since 1997, has been a director there for more than 15 years. Before Citywide, Schmitz co-founded JamLOGIC Software Designs, which designed human-resources software tools for small businesses. He is a board member of the Catholic Archdiocese of Northern Colorado and Legatus Colorado.
Kelly has more than 20 years of experience in the financial services industry at FirstBank, including more than 15 in compliance management.
“The strong, enthusiastic leadership of these three people will help CBA improve the economy and provide opportunities for customers, which in turn benefits banks,´ said Don Childears, the association’s president and chief executive.