First FarmBank looks up during downturn

For more than three years, First FarmBank has quietly toiled in an increasingly difficult market from its single location in east Greeley. Now the still-small bank is seeing strong loan growth and even venturing into its first physical expansion.

First FarmBank is the region’s second youngest and second smallest locally based bank, just behind Loveland Bank of Commerce on both counts. The bank was opened in February 2007 with a focus on ag, having been founded through a bank charter application filed by the Colorado Corn Growers Association.

In June First FarmBank received approval to open a loan production office in Imperial,…