Colorado small businesses are less likely to change health insurers for the upcoming year, even as they anticipate continued price increases, according to the second-annual Delta Dental of Colorado Small Business Survey.
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Northstar’s Longmont branch currently is across the street at 351 Coffman, where it leases its building.
Northstar purchased the 401 Coffman property in June for $675,000 from an entity called Alberta WF Acquisition LLC, according to county records. An announcement from Northstar said it plans to begin renovations of the 4,000-square foot building, a former World Savings Bank and most recently a Wells Fargo/Wachovia mortgage branch, in October.
The renovated building will include interior teller and new accounts areas, a drive-through, offices, a conference room, safe deposit boxes and an exterior walk-up automated teller machine. Like its branches in the Denver Tech Center and Yuma, the building will also include areas for confidential transactions.
Northstar has 22 locations statewide, including Greeley, Evans, Johnstown, Milliken and Loveland. The bank has nearly $700 million in total assets and $10 million in lending capacity. Northstar employs six to eight full-time employees in Longmont.
Path 21 Architecture is handling the design aspects of the renovations.
“This purchase and renovation reinforces our commitment to the market downtown and the city of Longmont,” Cole Denbow, Northstar senior vice president and Longmont market president, said in a release. “We plan to grow our presence here, and this will further establish us in the minds of the community.”