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InBankshares, Corp and InBank, an independent commercial bank serving the Denver Metro Area, southern Colorado and northern New Mexico, today announce that veteran banking and finance executive Kevin Ahern has joined the Boards of Directors of both InBankshares, Corp and InBank.
Ahern is Managing Partner of Brush Creek Partners, a Denver-based private equity firm, and the former Chairman, Founder and CEO of CIC Bancshares, a Colorado-based bank holding company, and Chairman of Centennial Bank. He served as a senior executive with Heartland Financial USA, Inc. a $12 billion bank holding company, after Heartland’s acquisition of Centennial Bank in 2016. Ahern has 35 years of expertise as an operator and investor in private equity, banking, financial services and investment management.
“We are honored to welcome Kevin to Boards of Directors and could not be more excited about the expertise and passion he will bring to our organization. Kevin is a deeply-respected and well-connected leader in the Colorado business community who will undoubtably help us continue to deliver on our mission to become the premier business bank in the Denver Metro Area,” says Ed Francis, Chairman of the Board, President and Chief Executive Officer for InBankshares, Corp and InBank.
“Kevin’s involvement with our organization reflects confidence in our continued growth. His deep experience and entrepreneurial endeavors compliment and align with our history and our vision for the future as a bank that has been built with similar entrepreneurial spirit.”
InBank’s recent growth is reflected in the company’s third quarter financials showing a $249 million or 68% year-over-year growth in total assets, $166 million or 61% year-over-year growth in core deposits and a significant increase in market share after completing two consecutive years of the highest percentage of FDIC market share growth compared to peers in the Denver MSA, according to the FDIC Summary of Deposits June 30, 2020.
“I am pleased to be joining the InBankshares, Corp and InBank Boards of Directors,” says Ahern. “I believe InBank is well-positioned to be a leading business bank across the Front Range of Colorado and in New Mexico. I look forward to supporting Ed and his team on executing their plans in the coming years.”