Centennial muscles into market with Millennium

Centennial Bank — including a local downtown location at 2500 Broadway in Boulder — just got a little more muscular.

Centennial Bank’s Denver-based parent holding company CIC Bancshares Inc. recently completed a merger with Edwards-based Millennium Bancorp Inc.

The combined operation has about $400 million in assets and nine branches, including one in Boulder. Centennial Bank is the moniker of the combined operation.

Longtime local banker Charles Holmes is at the helm of the local Boulder branch, which opened in February. His sweet spot is making small-business loans of $500,000 to $3 million.

Before the merger, the bank reported about $140 million in assets.

Congrats…