Academy Bank, N.A. to Acquire Mountain View Bank of Commerce

Colorado Biz Website, June 11, 2024 -

 

Academy Bank, N.A. and its parent, Dickinson Financial Corporation, have entered into a definitive agreement to acquire Westminster, Colorado-based Mountain View Bank of Commerce (MVBC).

The deal expands Academy Bank’s already significant presence in the Colorado market with a Westminster branch and a Boulder loan production office. “We are excited to bring MVBC into the Academy Bank team. This acquisition strengthens our commercial and business banking capabilities and bolsters our presence in North Denver and Boulder, as we continue to build out our footprint in key Colorado markets,” said Paul Holewinski, CEO of Academy Bank. Post closing, Academy Bank will have 28 branches and over $725 million in deposits throughout Colorado.

Andy Ellison, President and CEO of MVBC stated, “We are excited about the innovative technology, branch network, and product set that combining with Academy Bank will bring to our clients.”

With over $2.7 billion in assets, Academy Bank, N.A. is headquartered in Kansas City, Mo., and serves clients online and in 72 locations across four states—AZ, CO, KS and MO. Branches include in-store Walmart locations, business banking hubs, tech-forward community branches, and Express Interactive Teller Machines. Academy provides financial solutions to businesses and individuals, including commercial and small business lending, treasury management, and mortgage services.

The transaction is expected to close in the fourth quarter 2024.

Read full article here: Colorado Biz Website.