Northstar Bank expands mortgage services

DENVER – Northstar Bank Colorado plans to expand its mortgage-lending capabilities across the state, including at its branches in Longmont and Firestone.

Northstar Bank of Texas, the sister bank of Northstar Bank of Colorado, received formal approval from state regulators to hire additional mortgage officers at bank branches in Firestone, Windsor, Yuma and Denver, according to a state Division of Banking document. Northstar Bank Colorado is the trade name of Northstar Bank of Colorado, based in Denver.

Northstar Bank Colorado also plans to expand its mortgage loan capabilities at its existing branch in Longmont, said Stuart Pattison, president and chief executive officer of the bank.

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Pattison has other expansion plans for the bank, too – including possibly opening a branch in Boulder. Northstar Bank Colorado began formally operating in August, after Yuma-based Colorado Community Bank and The Bank at Broadmoor in Colorado Springs were purchased by Carlile Bancshares Inc. of Fort Worth, Texas.

Pattison previously was president and chief executive officer of Commerce Bank of Colorado, a division of Kansas City, Missouri-based Commerce Bancshares Inc.

Northstar Bank Colorado has 23 locations in the state and 178 employees, Pattison said. Its assets are about $750 million. The bank is the 11th-largest community bank in the state, Pattison said.