ARCHIVED  October 1, 1996

Local banks big winners in branching

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Banking has exploded in Colorado ever since the banking industry won a long battle to branch in 1991.Huge banking corporations have moved into the state from Minnesota, including Norwest Bank and others, which many thought would crowd out the small privately owned banks, especially those in farming communities.
Surprisingly, just the opposite has happened: Small banks have found a niche – at least for now – and many are branching out in all directions.
Bankers say the influx of large banks has helped the smaller banks because they claim customers would rather have more personal service and want their money…

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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.
Categories: ARCHIVED Industry News
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