FirstBank Holding Co

FirstBank Holding Company
Private company
Industry Banking, Financial services
Founded February 27, 1963
Headquarters Lakewood, Colorado, United States
Number of locations
 115+ branches (2017)
Key people

Jim Reuter
(CEO)
[1]
Ron Tilton
(President)
[2]
Todd T. Vanosdoll
(Chief Financial Officer)
Emily Robinson
(Chief Operating Officer)
[2]

Gordon Banks
(Senior Vice President of Marketing)
Products Consumer banking, Commercial banking
Increase US$ 190.6 million (2016)[1]
Total assets Increase US$ 17 billion (2016)[1]
Number of employees
 2,182 (2014)[3]
Website efirstbank.com

FirstBank, sometimes referred to as 1stBank, is a Colorado-based and privately held bank and financial services company that owns over 115 FirstBank locations in Colorado, Arizona, and California. Headquartered in Lakewood, Colorado, it is the 2nd largest bank in Colorado by total deposits behind only Wells Fargo.[4] On February 1, 2017, John Ikard, CEO, and Dave Baker, president, announced their retirement. Jim Reuter and Ron Tilton took over the CEO and president positions respectively and Emily Robinson succeeded Reuter's previous position, Chief Operating Officer.[2]

Overview

Founded by Roger Reisher in 1963, FirstBank has expanded beyond a contender in the Denver Metro Area to one of the largest privately held banks in the country.[5] As of December 2016, FirstBank had assets totaling $17B and more than $14B in deposits.[1][4]

In 2010 FirstBank partnered with Community First Foundation to launch Colorado Gives Day - a 24-hour online drive to raise funds for Colorado non-profits.[6] This was expanded beyond Colorado, in 2013, with the implementation of Arizona Gives Day - a collaboration between Alliance of Arizona Nonprofits and Arizona Grantmakers Forum.[7]

History

FirstBank opened its doors to the public on February 28, 1963, under the name of Westland National Bank.[5] Following success and rapid expansion in the 60's and 70's, all branches, including the holding company, operating under the Westland organization adopted the name 1stBank in 1978.

Key milestones

1963 - FirstBank opened its doors to the public under the name of Westland National Bank.

1967 - WEERVA Inc (named after WEstland, ERie, and VAil) was created as a subsidiary for carrying out insurance activity.

1972 - Westland moves into its new building in Lakewood that would become the Holding Company.

1978 - All banks, including the holding company, operating under the Westland organization adopted the name 1stBank.

1985 - FirstBank opens first location outside of Colorado in Palm Desert, California.

1995 - FirstBank hits the World Wide Web with the domain www.1stbank.com.

1999 - Internet banking is offered to customers. John Ikard named President of the Holding Company.

2007 - FirstBank opens in Arizona with three locations opened in Phoenix.

2013 - FirstBank mobile banking app is introduced for download on Apple or Android devices.

See also

References

  1. 1 2 3 4 "FirstBank posts net income of $190.6M for 2016". BizWest. February 24, 2017. Retrieved April 26, 2017.
  2. 1 2 3 "FirstBank's CEO, president announce reitrements on same day". Denver Post. December 22, 2016. Retrieved April 26, 2017.
  3. ↑ "Institution Directory". FDIC. December 31, 2014. Retrieved March 26, 2015.
  4. 1 2 "2016 Banks by Deposit". Denver Business Journal. December 16, 2016. Retrieved April 26, 2017.
  5. 1 2 "After 50 years, FirstBank is firmly entrenched as a giant". Denver Business Journal. March 14, 2013. Retrieved April 26, 2017.
  6. ↑ "FirstBank-backed Colorado Gives Day means a bonanza for charities". Denver Business Journal. December 5, 2016. Retrieved April 26, 2017.
  7. ↑ "Improving Arizona Through the Power of Collective Giving". azgives.org. April 4, 2017. Retrieved April 26, 2017.
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