Greeley’s Cache Bank and Trust to stay in business following sale of trust accounts

GREELEY — One of the last surviving community banks in Greeley is getting out of the trust business but will continue to serve its other customers.

The president of Cache Bank and Trust, Byron Bateman, appeared before the state banking board in Denver on Thursday regarding the bank’s plans to sell 200 trust accounts.

The board doesn’t have to approve the sale but Bateman is required to notify the board. However, the issue was listed as “request to sell assets” on the meeting agenda, which created concerns that the bank was getting out of the business…