Elevations to acquire assets of Greeley’s Cache Bank & Trust

BOULDER — Elevations Credit Union intends to acquire the assets of Greeley-based community financial institution Cache Bank & Trust, the credit union announced Tuesday afternoon.

“What this does for us is to enhance our geographic expansion into Northern Colorado with a new market in Greeley and strengthen our presence in Fort Collins,” Elevation’s CEO Gerry Agnes told BizWest. “We are also able to expand our small business and commercial banking activities that we’ve been striving for. [The acquisition] really gives us two strategic avenues.”

CBT, which operates in Greeley, Fort Collins and Denver, has nearly $122…