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Article: GREAT WESTERN TO BUY 2 SPRINGS BANK BRANCHES
- Article from:
- The Gazette
- Article date:
- March 12, 2009
- Author:
CopyrightCopyright 2009 The Gazette. Provided by ProQuest LLC. (Hide copyright information)
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Great Western Bank, owned by National Australia Bank Ltd., has
agreed to pay $20 million for First Community Bank's Colorado
branches, including two in Colorado Springs, from Albuquerque, N.M.-
based First State Bancorporation.
The deal is expected to be completed this summer and includes 20
branches with $477 million in deposits and $444 million in loans.
The deal does not include $210 million in real estate construction
loans and other loans that First Community will retain. The two
local branches had $86.9 million in deposits as of June 30,
according to the most recent information available from the Federal
Deposit Insurance ...