Rawlins National Bank has more than 50% of the deposit and loan market in its part of south Wyoming, so there is little room for it to expand locally within the banking sector.

President Richard Chenoweth's solution? Get into another sector: Rawlins last week reached an agreement to purchase Allen Insurance, right across the street from the $115 million-asset bank's headquarters.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.