FirstBank Holding Co

Last updated

FirstBank Holding Company
FormerlyFirst Westland National Bank
Company type Private
Industry Banking, financial services
Founded1963;61 years ago (1963) in Lakewood, Colorado, U.S.
Founders
  • Everett Williams
  • George Williams
Headquarters12345 W. Colfax Avenue,
Lakewood, Colorado
,
U.S.
Area served
Predominantly in Colorado, and also in California and Arizona
Key people
Products Consumer banking, Commercial banking
Website efirstbank.com

FirstBank Holding Company (or 1stBank) is an American privately held bank and financial services company that operates more than 100 locations in three states in the Southwestern U.S., in Colorado, Arizona, and California. Founded in 1963, it is headquartered in Lakewood, Colorado. [4]

Contents

History

FirstBank was founded by George and Everett Williams in Lakewood, Colorado, in 1963 as the First Westland National Bank. [5] [6] The Williams were joined on the founding board by Ira C. Rothgerber Jr. and William Johnson, both from the Denver law firm Rothgerber, Appel and Powers (now Lewis Roca). [7] [8] [9] Roger Reisher became the founding president of the bank and remained at the position for the first 36 years of the bank's history. [10]

By the 1970s, the company had grown to include a number of additional Colorado locations including banks in Vail and Wheat Ridge. [11] [12] [13] In 1978, the organization consolidated under its current name, FirstBank. [5] [14] In 1985, the bank opened its first location outside Colorado in Palm Desert, California. [15] FirstBank expanded to Arizona in 2007. [16]

Operations

FirstBank is a member of the Federal Deposit Insurance Corporation, often styled as Member FDIC. [14] It has its headquarters at 12345 W. Colfax Avenue in Lakewood, Colorado. In June 2016, the organization completed an addition to its facilities that expanded it to a 227,000-square-foot campus that could accommodate up to 1,400 employees. [17] In February 2020, FirstBank opened its Multicultural Banking Center in Lakewood to provide banking services in languages such as Spanish, Chinese, Mandarin Chinese, Korean, Vietnamese and Cantonese. [18]

Philanthropy

In 2010, FirstBank partnered with Community First Foundation to launch Colorado Gives Day – a 24-hour online drive to raise funds for Colorado nonprofits. [19] Since Colorado Gives Day's inception, more than $400 million has been raised. Gives Day expanded beyond Colorado, in 2013, with the implementation of Arizona Gives Day and Coachella Valley Giving Day in 2023. FirstBank received the 2016 Corporate Citizenship award from Governor John Hickenlooper. [20]

See also

Related Research Articles

<span class="mw-page-title-main">Brighton, Colorado</span> City in Colorado, United States

Brighton is a home rule municipality city located in Adams and Weld counties, Colorado, United States. Brighton is the county seat of Adams County and a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor. The city population was 40,083 at the 2020 United States Census with 39,718 residing in Adams County and 365 residing in Weld County.

<span class="mw-page-title-main">Greenwood Village, Colorado</span> City in Colorado, United States

The City of Greenwood Village is a home rule municipality located in Arapahoe County, Colorado, United States. The city population was 15,691 at the 2020 United States Census. Greenwood Village is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor.

<span class="mw-page-title-main">Citigroup</span> American multinational investment bank and financial services corporation

Citigroup Inc. or Citi is an American multinational investment bank and financial services company in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.

<span class="mw-page-title-main">Bank of America</span> American multinational banking and financial services corporation

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management and investment banking.

The United Services Automobile Association (USAA) is an American financial services company providing insurance and banking products exclusively to members of the military, veterans and their families. It was founded in 1922 in San Antonio, Texas, by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance, when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group.

<span class="mw-page-title-main">Qdoba</span> Restaurant chain

Qdoba is a chain of fast casual restaurants in the United States and Canada serving Mexican-style cuisine. After 15 years as a wholly owned subsidiary of Jack in the Box, the company was sold to a consortium of funds led by Apollo Global Management in March 2018. In October 2022, Qdoba was acquired by Butterfly Equity. At the time of the acquisition, Qdoba had nearly 750 locations across North America. It is the No.2 player and No.1 franchisor of Mexican fast-casual dining in North America.

<span class="mw-page-title-main">BBVA USA</span> Former American bank holding company

BBVA USA was a bank headquartered in Birmingham, Alabama. It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services. It operated mainly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. The bank was earlier named Central Bank and Trust Company, Central Bank, Central Bancshares of the South, and Compass Bancshares.

<span class="mw-page-title-main">Economy of Colorado</span>

In 2021, the economy of the State of Colorado was 16th largest in the United States with a gross state product of $421 billion.Colorado's per capita personal income in 2019 was $61,157, putting Colorado 12th in the nation.

<span class="mw-page-title-main">BOK Financial Corporation</span> American bank

BOK Financial Corporation — pronounced as letters, "B-O-K" — is a financial services holding company headquartered in Tulsa, Oklahoma. Offering a full complement of retail and commercial banking products and services across the American Midwest and Southwest, the company is one of the 50 largest financial services firms in the U.S., and the largest in Oklahoma.

UMB Financial Corporation is an American financial services holding company founded in 1913 as City Center Bank and based in Kansas City, Missouri. It offers a number of financial services from checking and savings accounts, credit services including home mortgages, auto loans, business loans and credit cards, to investing and wealth management, all are offered to individuals, companies and offers additional customization options for private wealth management.

<span class="mw-page-title-main">John Stumpf</span> American businessman

John Gerard Stumpf is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. He became chairman in January 2010. Stumpf resigned as chairman and CEO of Wells Fargo on October 12, 2016, after a scandal involving customer accounts and subsequent pressure from the public and lawmakers. He was succeeded by Timothy J. Sloan.

<span class="mw-page-title-main">Victor Mitchell</span> American politician

Victor Mitchell is an American businessman and former legislator in Colorado. Since 2008, he has been CEO of Lead Funding, a national real estate lender. Elected to the Colorado House of Representatives as a Republican in 2006, Mitchell represented House District 45, including Teller County and southern Douglas County, Colorado. Mitchell served one term in office and did not stand for re-election in 2008.

<span class="mw-page-title-main">Sloan Lake (Colorado)</span> Lake in Denver County, Colorado

Sloan Lake, also known as Sloan's Lake and Sloans Lake, is a body of water, park, and neighborhood in Denver, Colorado, US. The neighborhood is located on the northwest side of Denver. The lake is the central feature of Sloan's Lake Park, which is managed by the Parks and Recreation division of the City and County of Denver.

<span class="mw-page-title-main">Lakewood, Colorado</span> City in Colorado, United States

Lakewood is the home rule municipality that is the most populous municipality in Jefferson County, Colorado, United States. The city population was 155,984 at the 2020 U.S. Census, making Lakewood the fifth most populous city in Colorado and the 167th most populous city in the United States. Lakewood is a suburb of Denver and is a principal city of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and a major city of the Front Range Urban Corridor.

<span class="mw-page-title-main">Glacier Bancorp</span> U.S. banking company

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana, United States. It is a successor corporation to the Delaware corporation originally incorporated in 1990. The company provides personal and commercial banking services from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and, Nevada.

MidFirst Bank is an American bank based in Oklahoma City, Oklahoma. As of 2023, it was the largest privately owned bank in the United States, with $36.9 billion in assets. MidFirst Bank has locations in Arizona (Phoenix), Southern California, Colorado, Nevada, Oklahoma, Texas and Utah.

<span class="mw-page-title-main">Loretta J. Mester</span> American businesswoman

Loretta J. Mester is president and CEO of the Federal Reserve Bank of Cleveland.

<span class="mw-page-title-main">61st & Peña station</span> Commuter rail station in Denver, Colorado

61st & Peña station is a Regional Transportation District (RTD) commuter rail station on the A Line in Denver, Colorado. The station, accessible from Tower Road is located along Peña Boulevard, the sixth eastbound station from Union Station in Downtown Denver and first westbound from Denver Airport. It is about 28 minutes from Union Station and nine minutes from Denver Airport. 61st Avenue provides access from Tower Road to the station.

Banc of California, Inc. is an American bank serving the state of California with over 90 branches in Southern California, extending from San Diego to Santa Barbara as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with over 2000 employees. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses

Roger L. Reisher was an American banker, philanthropist and the first President of FirstBank Holding Co which is the largest banking institution headquartered in Colorado.

References

  1. ↑ "Exclusive: Top Colorado bank names new CEO - Bizjournals.com". February 26, 2024.
  2. ↑ "FirstBank Announces CEO Succession - Bankbeat.biz". February 29, 2024.
  3. ↑ "FirstBank Promotes Sands to Chief Banking Officer - Monitordaily". April 9, 2024.
  4. ↑ Svaldi, Aldo (April 10, 2020). "FirstBank hits pause button on emergency business loans after a flood of applications". The Denver Post. Retrieved June 24, 2022.
  5. 1 2 Stonebraker, Stoney (July 1, 2017). "Stoney Stonebraker: George and Everett Williams had a huge impact on Boulder". Boulder Daily Camera. Retrieved June 24, 2022.
  6. ↑ Mendoza, Monica (July 7, 2016). "A look at Colorado-based FirstBank's new HQ complex". Denver Business Journal. Retrieved June 24, 2022.
  7. ↑ Kellard, Joseph (June 23, 2016). "Co-Founder of FirstBank in Colo. Retires as Co-Chairman". American Banker. Retrieved June 24, 2022.
  8. ↑ Mendoza, Monica (June 22, 2016). "FirstBank Holding chairman resigns". Denver Business Journal. Retrieved June 24, 2022.
  9. ↑ "Rothgerber Johnson & Lyons". University of Denver Archives. 2003. Retrieved June 24, 2022.
  10. ↑ Rusch, Emilie (January 29, 2017). "After 17 years as FirstBank CEO, John Ikard leaves legacy of record profits, community giving". The Denver Post. Retrieved June 24, 2022.
  11. ↑ "2 New Banks Bring State Total to 217". Fort Collins Coloradoan. November 9, 1967. p. 3. Retrieved June 24, 2022– via Newspapers.com.
  12. ↑ "Weerva, Inc.: Acquisition of Banks". Federal Register. Office of the Federal Register, National Archives and Records Service, General Services Administration. 1972.
  13. ↑ "Ex-resident heads board of bank group". The Muscatine Journal. July 2, 1973. Retrieved June 24, 2022– via Newspapers.com.
  14. 1 2 "FirstBank". Federal Deposit Insurance Corporation. Retrieved June 23, 2022.
  15. ↑ Barba, Robert (October 2, 2013). "FirstBank in Colo. to Buy Branch in Southern Calif". American Banker. Retrieved June 24, 2022.
  16. ↑ Gonzales, Angela (May 22, 2013). "FirstBank Arizona opens Goodyear branch, plans two more". Phoenix Business Journal. Retrieved June 24, 2022.
  17. ↑ Rusch, Emilie (June 24, 2016). "FirstBank doubles down on Lakewood headquarters". The Denver Post. Retrieved June 24, 2022.
  18. ↑ Rios, Joseph (February 25, 2020). "FirstBank opens Multicultural Banking Center: The center will provide banking services in different languages". Arvada Press. Retrieved June 24, 2022.
  19. ↑ "FirstBank-backed Colorado Gives Day means a bonanza for charities". Denver Business Journal. December 5, 2016. Retrieved April 26, 2017.
  20. ↑ Storum, Doug (February 25, 2017). "FirstBank posts net income of $190.6M for 2016"". BizWest. Retrieved June 24, 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.