Vectra Banking Corp. of Denver took another step toward consolidating Colorado's fragmented community banking industry last week when it announced the purchase of Bank Land Co., holding company for Southwest State Bank.

The deal, valued at $22.3 million and slated to close in the third quarter of 1996, would be the seventh for Vectra since its founding in 1988. The acquisition would increase Vectra's assets to more than $500 million.

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