16 Community Banks branches sold

Boston-based NBH Holdings Corp. bought 16 branches of Community Banks of Colorado and the name from Community Bankshares Inc., a Colorado bank holding company that had operated in 30 communities statewide before the sale. Community Bankshares will continue operating its remaining Community Banks of Colorado but change their name. The specific branches involved in the sale were not named. Neither were terms disclosed. NBH will continue to operate the 16 branches it bought as Community Banks of Colorado. The firm said it expects most employees of the bank branches that changed hands will keep their jobs. NBH bought Greeley’s Bank of Choice last month after federal regulators closed it.

There are no comments yet. Be the first and leave a response!

Leave a Reply