InBankshares Corp. eyes Front Range cities for expansion

DENVER — A newly formed bank-holding company has selected Denver as its headquarters and plans to eventually expand along the Front Range.

InBankshares Corp., founded by a group of seasoned banking executives, raised approximately $70 million of common equity to acquire Raton Capital Corp., the bank-holding company for New Mexico-based International Bank, for cash consideration of $46.3 million.

The transaction has been approved by shareholders and bank-regulatory authorities.

Ed Francis, InBankshares’ board chairman and chief executive, said on Thursday that the holding company doesn’t have immediate plans for expansion on the drawing board but…