Posted: October 05, 2011
Top Company 2011 winner: FirstBankBy the staff of ColoradoBiz
FirstBank Holding Co.
Years in business: 48
CEO: John Ikard (Watch an interview on ColoradoBiz TV.)
Company snapshot: FirstBank Holding Co. provides banking services such as checking, savings, certificates of deposit, health savings and individual retirement accounts and loans, including mortgage and home equity, auto and home construction loans. The company also provides such services to businesses. FirstBank is Colorado's largest locally owned bank and one of the best performing banks in the country.
Notable practices: The employee-owned bank reported that the past three years were the most successful since its inception 48 years ago, which it attributes to conservative management, a focus on credit quality and a long-term approach to customer service and growth. The bank prides itself on its high employee satisfaction and retention. Of the company's 2,000-plus employees, nearly half (more than 100 officers and 710 employees) have worked for FirstBank for 10 years or longer.
Community involvement: FirstBank donated more than $4.2 million in cash to Colorado charities last year, an increase of 24 percent from its 2009 contributions. The bank was the presenting sponsor for the inaugural Colorado Gives Day, which raised $8.7 million for 523 nonprofit organizations in Colorado.