ANB Bank in Denver has agreed to buy Capital West Bank in Laramie, Wyo.
The $2 billion-asset ANB did not disclose the price it will pay for the $160 million-asset Capital West. The deal is expected to close in the third quarter. The banks expect to close two overlapping branches within 100 days of the deal's completion.
"A real benefit for our customers is the complementary nature of our markets and our cultures," Koger Propst, ANB's president said in a press release. "Our teams of local bankers are decision makers who craft creative solutions and don't rely on 1-800 numbers to solve problems. Our size puts us right in the sweet spot of being big enough to grow with our larger customers, while remaining a community bank that cares about helping all our customers move forward."
