One of Colorado's largest independent banks plans to buy a Denver community bank that is being sold as part of its owner's bankruptcy settlement.

Vectra Banking Corp., which has $580 million of assets, agreed this week to buy Professional Bank, a two-branch Denver institution with $50 million of assets. The bank did not disclose the proposed selling price. "Professional's branches are in prime locations in the Denver market," Gary Judd, president and CEO of Vectra said in a written statement.

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