Former CoBiz branches in Northern Colorado, Boulder Valley among those closing

Former CoBiz Financial bank branches in Fort Collins and Louisville are among nine branches in Colorado and Arizona set to be shuttered next month.

The closures, first reported by the Denver Business Journal, come on the heels on the October completion of CoBiz’s acquisition by Tulsa, Okla.-based BOK Financial Corp. (Nasdaq: BOKF).

After the acquisition was finalized, BOK announced plans to lay off 167 employees at branches set for closure or consolidation.

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Locally, the Colorado Business Bank at 224 Canyon Ave. in Fort Collins and the Colorado Business Bank Northwest at 400 Centennial Parkway in Louisville are closing on or around March 22, according to BOK spokesperson Katy Hall. In Boulder, the Colorado State Bank and Trust branch at 1505 Pearl St. will be consolidated into into the CoBiz branch at 2025 Pearl Street and will reopen March 25 as BOK Financial.

The company’s “decision to close the banking centers came after thorough research and was part of an overall strategy to reduce geographical overlap and optimize efficiencies with the BOK Financial acquisition of CoBiz Financial,” Hall said.