National Bank Holdings (NBHC) in Greenwood Village, Colo., has formed a division to specialize in government and nonprofit clients.

Tim Davis will head the new specialty-finance division, National Bank announced Monday. Davis joins the company from CoBiz Financial (COBZ), whose public-finance business he founded and led; earlier, he founded a public-finance group for Wells Fargo's (WFC) Denver business-banking division.

The new National Bank unit will focus on clients in Colorado, Kansas, Missouri and Texas, the bank said.

"Under Tim David's leadership, we will focus on fulfilling the financing and treasury management needs of clients in the government and nonprofit segments across our markets," said Tim Laney, chief executive of National Bank, in the news release. "The launch of this business is another key step we have taken in 2013 to broaden our commercial capabilities and better serve our commercial clients through specialty offerings."

In May, National Bank Holdings formed a specialty-finance division focused on middle-market companies. Earlier this month, it announced that it would close 36 locations, including all its California branches.

The $5.2 billion-asset National Bank Holdings, formerly NBH, was formed in 2009 to roll up struggling banks. It went public last year.

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