InBank names new CFO

DENVER — InBankshares Corp. (OTCQX: INBC) and its wholly owned subsidiary InBank, has added banking executive Dan Patten as executive vice president and chief financial officer. 

Patten has more than 20 years of experience in corporate finance, strategy, mergers and acquisitions, and public and private equity and debt financings, including 15 years as a finance executive in the commercial banking industry and more than nine years as a chief financial officer, InBank said in a press release. Most recently, Patten held the position of executive vice president, finance and corporate development for Heartland Financial USA Inc. (Nasdaq: HTLF).

“It is a great pleasure to welcome Dan to our executive leadership team as our new CFO,” Ed Francis, chairman of the board and president and CEO for InBankshares, said in a written statement. “Dan’s deep experience in corporate finance and M&A will add significant expertise and capacity to our team.  His tenure and strong ties to the Colorado business community will also enhance our ability to continue attracting top talent to InBank. Dan’s talents will be extremely valuable in helping us develop strategies to enhance shareholder value and positioning the company for future growth opportunities.”

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Patten will be responsible for all finance, accounting, treasury, corporate development and strategy functions of the companies.

“I am thrilled to be joining InBank at such an exciting time in its growth,” Patten said. “I look forward to contributing to the company and partnering with Ed, the executive leadership team and the entire company to help accelerate the momentum, expand the strategic finance function and continue to build shareholder value.”

Patten holds an MBA with an emphasis in finance and entrepreneurship from the University of Colorado at Boulder Leeds School of Business and a Bachelor of Science in Mechanical Engineering from the University of Colorado at Boulder.InBank is opening a new loan-production office in Boulder as it expands into the Boulder Valley and Northern Colorado.