Centennial Bank of the West not for sale – now

A massive management turnover and open discouragement about operating results for Centennial Bank Holdings Inc. recently sparked rumors of a potential sale of the company or its Centennial Bank of the West.

“I hear that rumor running around,´ said company chairman John Eggemeyer. “It’s definitely not up for sale.”

Eggemeyer’s assurance isn’t static, though. Because the company is answerable to its shareholders, he said that if there were an offer for more than the company was worth then there would likely be a sale. But for the time being, no sale is on the horizon.

“We’re working on the belief that we will…