Home State Bank plans Lafayette branch
Last Updated: 17:33 October 11, 2012
The Loveland-based bank recently received approval from the Colorado Division of Banking for the site.
Home State Bank's plans for a new Lafayette branch come about one year after Home State Bank's Longmont branch opened at Roosevelt Place at 636 Coffman St. in September 2011.
Home State Bank is the largest locally owned bank in Larimer County, with $627.8 million in assets, about 200 employees and 10 locations - nine in northern Colorado, and the Longmont branch.
In other banking news, Square 1 Bank has moved its three-person Boulder business development office to LoDo in Denver. The Durham, North Carolina-based private bank likes to work with early-stage, venture capital-backed companies, said Ken Fugate, who heads Colorado operations.
Chief executives at Trada Inc. in Boulder, and Next Big Sound Inc., formerly in Boulder and now in New York, have comments featured prominently on Square 1 Bank's website: www.square1financial.com.
Bank officials decided to move from 1801 13th St., Suite 204, in Boulder, to 1899 Wynkoop St., Suite 325, in Denver, to be more centrally located for all customers in Colorado, Fugate said. But Boulder's busy entrepreneur community still is expected to keep bankers' attention, he said.
"A lot of startup companies are in Boulder. We obviously will spend a vast majority of our time there," Fugate said.
Square 1 Financial Inc., the holding company for the bank, said at the beginning of October that it had raised $20.6 million through a private placement of common stock to existing institutional shareholders. The bank opened in 2005 with $105 million in capital.
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