January 26, 2015 11:19 PM ET

Banks

Company Overview of CIC Bancshares, Inc.

Company Overview

CIC Bancshares, Inc. operates as a holding company of Centennial Bank that focuses on acquiring and developing banking and financial service assets in Colorado and the Rocky Mountain West. It develops and executes capital plans, and mergers and acquisitions; and manages bank and other financial service businesses. The company provides commercial, private-client, and mortgage lending services for businesses, business-owners, professionals, and individuals. CIC Bancshares, Inc. was formerly known as Colorow Investment Corp. and changed its name to CIC Bancshares, Inc. in 2010. The company was founded in 2009 and is based in Denver, Colorado with branch locations in Boulder, Breckenridge, Cente...

717 17th Street

Suite 2750

Denver, CO 80202

United States

Founded in 2009

Phone:

303-643-3526

Key Executives for CIC Bancshares, Inc.

Founder
Age: 51
Co-Founder
Chief Financial Officer
Chief Operations Officer and Senior Vice President
Mountain Market President of Centennial Bank
Compensation as of Fiscal Year 2014.

CIC Bancshares, Inc. Key Developments

CIC Bancshares and Centennial Bank Appoint Frank Reppenhagen to the Board of Directors

CIC Bancshares, Inc. announced the addition of Frank Reppenhagen to its board of directors. Frank Reppenhagen is a partner with Community BanCapital. Prior to founding CBC, Reppenhagen was a principal with Concentric Equity Partners. Reppenhagen also joins the board of Centennial Bank.

CIC Bancshares and Centennial Bank Appoint Two New Directors to its Board

CIC Bancshares, Inc. announced the addition of Greg Anton and David Beck to its board of directors. Greg Anton is a founding partner of Anton Collins Mitchell LLP. Mr. Anton is the former chairman of the AICPA and is a nationally recognized speaker on the fiscal standing of the U.S. government. David Beck is the owner and managing director of Copia Capital, LLC. He is also the president and owner of Wine Funding, Inc. Anton and Beck will also join the board of Centennial Bank.

CIC Bancshares Seeks Acquisitions

CIC Bancshares, Inc. seeks to pursue more acquisitions. The capital for acquisitions comes after the completion of a capital raise in 2012. Kevin Ahern, Vice Chairman, President and Chief Executive Officer of CIC Bancshares said that they are “actively looking” for additional acquisitions. He said that they are interested in banks in the $80 million to $250 million range along the I-25 and I-70 corridors. He also said, “We've got pretty significant growth expectations for 2013.”

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 27, 2014
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