Colorado banks InBank, Legacy merge to form $1.2B institution
DENVER — Mile High City-headquartered InBank and Wiley-based Legacy Bank are merging to create an institution with $1.3 billion in assets that will serve the Front Range and northern New Mexico.
Terms of the stock and cash deal were not disclosed, but Legacy brings with it $497 million in assets.
“We are excited to announce this partnership that expands upon our commitment to serving the Colorado Front Range and northern New Mexico markets by adding new and important growth markets to InBank’s footprint,” InBankshares Corp. (OTCQX: INBC) CEO Ed Francis said in a prepared statement. “Legacy brings an experienced team of bankers…
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