Home State to open branch in Longmont

LONGMONT – Loveland-based Home State Bank has received final approval from state and federal regulators to open a branch in Roosevelt Place at 636 Coffman St. in Longmont, bank officials said.

Home State Bank, the largest locally owned bank in Larimer County, plans to open its new branch late this summer, according to Home State chairman Jack Devereaux.

“Longmont is a natural addition to Home State’s Northern Colorado market and a logical community for us to grow,” Devereaux said.

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The branch will be Home State’s 10th, joining four branches in Loveland, three in Fort Collins and one each in Windsor and Berthoud.

Home State Bank considered “a couple” of different locations in Longmont, including the former Great Western Bank location at 600 Kimbark St. But executive vice president Mark Bower said the 2,934 square feet on the first floor of Roosevelt Place best suited their needs. It had been previously finished for a bank tenant, according to the website of leasing agent Keith Burden, but never occupied due to the economic meltdown.

Two employees have been hired to come on board at the new location: Keith Dickelman, who will serve as a senior vice president, and Tamara Byrd, as vice president of commercial lending.

“We’re ready to hit the ground running,” Devereaux said of the Longmont team, adding that both Dickelman and Byrd know the Longmont market well and have extensive banking experience.

Home State likely will hire three to four more employees to staff the full service branch, Bower said. “We feel we have a very full product line from cash management, trust, loans, online banking, et cetera,” he added.

“We’re excited to continue growing,” Bower said. “This is one more step in a steady, slow growth process.”

Devereaux credited the bank’s financially conservative approach throughout its 60 years in operation for its ability to remain stable throughout recent trying times in the banking industry.

“We know the business community and the banking needs of individuals,” Devereaux said. “Current customers can count on Home State Bank to continue to be reliable and professional, while new Longmont customers will know they’re working with a dependable, locally focused banking partner.”