Colorado bank bought for $74M

DENVER BUSINESS JOURNAL - A Montana banking company is expanding its presence in Colorado.

Glacier Bancorp Inc. (Nasdaq: GBCI) of Kalispell said it's buying Columbine Capital Corp., the bank holding company for Collegiate Peaks Bank of Buena Vista, in a cash and stock deal valued at $73.9 million.

Collegiate Peaks Bank has five Colorado locations: in Aurora, Buena Vista, Denver (two) and Salida.

Last year, Columbine Capital was ranked the 11th-largest bank holding company in the state by the Denver Business Journal with 2015 assets of $445 million.

Read more at the Denver Business Journal:

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