Summit banks officially change name to Centennial Bank and Trust

Signage on Summit Bank and Trust’s branches in Broomfield, Erie and Thornton has changed to Centennial Bank and Trust, its parent company announced Thursday.

Summit was merged with Centennial Bank on Feb. 5 as part of an $83.5 million transaction completed by Heartland Financial USA Inc. (Nasdaq: HTLF). Under the agreement, CIC Bancshares Inc., parent company of Centennial Bank, was acquired by Heartland, merging Centennial and Summit banks. The combined bank has 17 locations across Colorado, including previously existing Centennial banks in Boulder and Nederland.

“It’s the same bankers and same great service at these banks that customers are used to seeing,” said bank president Steve Ward in a prepared statement. “While the name is changing and the bank is sporting a new look and feel, it’s business as usual in Broomfield, Erie and Thornton.”

Besides its Colorado holdings, Dubuque, Iowa-based Heartland has 91 banking locations serving 68 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Minnesota, Kansas, Missouri, Texas and California, with mortgage loan production offices in California, Nevada and Idaho.

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