Centennial Bank in Denver is adding a new branch in Boulder as part of a broad strategy to establish a presence in some of the state's key banking markets.
The $150 million-asset bank, which has a branch in Denver and another on Arapahoe County, said Monday that the new Boulder office is expected to open in late February and that it has hired longtime Boulder banker Charles Holmes to run it.
Centennial is owned by CIC Bancshares, a holding company formed in 2009 to roll up small Colorado banks. It bought Centennial in May 2010 when it had just $24 million of assets and in December announced it was buying the $250 million-asset Millennium Bancorp Inc. of Englewood, Colo.
That deal, expected to close next quarter, would more than double Centennial's assets and triple its number of branches, to nine. Aside from Englewood, a Denver suburb, Millennium also has branches in the ski resort communities of Vail, Breckenridge, Edwards, Steamboat Springs and Winter Park.