By Charlie Howard
Special to the Camera
Link to Story: Here
The Fort Collins-based Bank of Colorado will open a new branch in Longmont this summer, according to documents filed with the Colorado Division of Banking.
The branch, which will specialize in commercial lending, will be located at 636 Coffman St., Suite 101. It is a space vacated by Home State Bank in late January.
Christian Bordewick, market president of Bank of Colorado for Johnstown and Longmont said that the bank liked the opportunity to open a branch in Boulder County.
"We noticed growth on the Front Range and especially in Longmont and are excited to move into the community," Bordewick said.
Home State, which merged with Denver-based Guaranty Bank (Nasdaq: GBNK) in March, moved its Longmont branch south to 351 Coffman St., Home State officials said.
Bruce Partain, president of the Longmont Chamber of Commerce said that the movement in the Longmont banking community is "business as usual."
"Boulder County is attractive to financial institutions because in large part of the growth and popularity of the greater Denver-metro area," Partain said.
There have been a number of other changes in the Longmont Banking community in the past year and a half with Northstar Bank of Colorado moving its location in May 2015, and First Bank and Trust receiving approval to open a loan-production office in June 2015, according to the Colorado Division of Banking.
Jessica Erickson, president of the Longmont Economic Development Partnership, said that in the last year banks have been trying to capitalize on business growth and a growing market in Longmont.
"I've met with several banks adding Longmont branches and trying to capitalize on the growth of the Front Range that is finally beginning to make it's way into our community," Erickson said.