Solera National Bank Expands into the Cherry Creek Neighborhood of Denver
LAKEWOOD, Colo., Sept. 12, 2013 (GLOBE NEWSWIRE) -- Solera National Bank, a
wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB: SLRK), today
announced that the bank entered into an agreement to lease office space at 101
University Avenue in the Cherry Creek neighborhood of Denver, Colorado. The
site is expected to be finished and available for staff to occupy in the first
quarter of 2014 at which time administrative offices in Lakewood, Colorado
will be vacated concurrent with the expiration of the lease.
"The new space will bring much of our commercial and residential mortgage
lending activities, bank operations and corporate functions under one roof for
greater efficiencies. Importantly, this location will provide a platform for
continued growth of our franchise," said Ray Nash, interim President and CEO.
"We will also be submitting an application to the Office of the Comptroller
of the Currency for permission to operate a full-service branch from this
Solera National Bank announced on July 22, 2013, that in the fourth quarter of
2013, a full-service branch is targeted to open within the space currently
occupied by its residential mortgage division located at 1881 9^th Street in
Boulder.The Cherry Creek neighborhood was cited as another key expansion area
for Solera National Bank, and pending approval, will bring Solera to a total
of seven Colorado locations, including three full-service bank branches and
four loan production offices, by the end of first quarter, 2014.
About Solera National Bancorp, Inc.
Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve
as the holding company for Solera National Bank which opened for business in
2007.Solera National Bank is a high-touch, high-tech community business bank
delivering personalized customer service that is welcoming, inclusive and
respectful with particular emphasis on the Hispanic market.As a preferred
Small Business Administration Lender and superior mortgage provider, Solera
embraces emerging communities, one individual, one family and one business at
a time.For more information, visit http://www.solerabank.com.
CONTACT: SOLERA NATIONAL BANK
ROBERT J. FENTON, EVP & CFO
LISA DOWIS, VP MARKETING
The Cereghino Group
IR CONTACT: 206-388-5785
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