World of opportunity for savvy investors

Investment groups are navigating the labyrinthine world of regulatory approval to take advantage of opportunities in the tattered world of banking. A Denver-based group with close ties to Greeley closed on the acquisition of Centennial Bank in May.

CIC Bancshares Inc. is a new bank holding company taking a multi-faceted approach to becoming a Colorado banking powerhouse. Jim Basey, the newly appointed chairman, CEO and president of Centennial Bank, explained that the plan is to grow the bank throughout the state, particularly the Front Range.

Basey and CIC cohorts Kevin Ahern and Richard Bard have personal and professional relationships dating back…