ARCHIVED  June 1, 1996

Firstate Bank cancels plans in Wellington

By

WELLINGTON – Even small Wellington can’t escape the long reach of competitive banking.

Both Independent Bank of Kersey and Firstate Bank of Northglenn were laying plans to do business in the town north of Fort Collins. Up until now,

there has been no local bank for Wellington residents.

But figuring there wasn’t enough to go around for both banks, the issue was settled before either arrived in town.

“We came to an agreement, and they were kind enough to decide not to do it,´ said Larry Neuschwanger, president of Independent Bank of Kersey.

“It’s a great one-bank town, but lousy two-bank…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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