Kent Olin, president and chief executive officer of Affiliated Bankshares of Colorado Inc., Denver, said he plans to retire next year when he turns 62.

To ensure an orderly transition, Affiliated chairman Ron Moore will assume the additional posts of president and chief executive officer at the bank holding company on Jan. 1. On that date, Mr. Olin will become vice chairman and remain a director of the holding company, which owns the 27 Affiliated National Banks in the state.

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