MontroseBank

MontroseBank was established on April 23, 1971, originally under the name Mountain Industrial Bank. Initially, the institution was not insured by the Federal Deposit Insurance Corporation (FDIC). On July 3, 1984, it became FDIC insured and joined the Federal Reserve System, marking a significant milestone in its operations. The bank changed its name to First Mountain State Bank on August 1, 1986, and subsequently transitioned to a commercial bank on October 1, 1985. On November 4, 1991, the main office moved to 200 North Townsend Avenue, Montrose, Colorado. The institution rebranded as MontroseBank on September 1, 1995. In a significant development on February 2, 2015, MontroseBank merged with Bank of Colorado, headquartered in Fort Collins, Colorado. As a result of this merger, the institution adopted the name Bank of Colorado on July 1, 2017.

Below is a list of some important events in banks history, including mergers and acquisitions.

1971-04-23Institution established but was not FDIC insured. Original name: Mountain Industrial Bank.

1984-07-03Institution becomes member of the Federal Reserve System.

1984-07-03Became FDIC insured.

1985-10-01Changed Organization Type to Commercial Bank.

1986-08-01Changed Institution Name to First Mountain State Bank.

1991-11-04Main Office moved to 200 North Townsend Avenue, Montrose, CO 81401.

1995-09-01Changed Institution Name to MontroseBank.

2015-02-02Merged and became part of Bank of Colorado in Fort Collins, CO.

2017-07-01Changed Institution Name to Bank of Colorado.