Bank spins off merchant-, payment-processing startup

LONGMONT – High Plains Bank has established a new affiliate company, Craft Financial Group, which aims to provide a suite of merchant and payment-processing solutions to small businesses.

Chris McVay, former chief development officer and Longmont market president of High Plains Bank, will be CEO of the new company, the Flagler-based bank announced Thursday.

Besides offering services such as setting up businesses to accept and process credit-card payments, Craft Financial Group also will offer specialized solutions such as loan packaging, placement services, profit-improvement strategies, debt restructuring and exit and succession planning.

“I look at every customer relationship as…