Merger Will Create a $1.2 Billion Asset Bank Serving the Front Range of Colorado & Northern New Mexico
Highlights of announced transaction:
- Merger will create a Colorado-headquartered commercial bank with approximately $1.2 billion in total assets, serving the Colorado Front Range and northern New Mexico
- Legacy Bank's footprint will connect InBank's current markets in the Denver-Boulder MSA, Southern Colorado, and Northern New Mexico by adding offices in Colorado Springs and Pueblo
- The combination of InBank and Legacy Bank will add Legacy Bank's strong core earnings and efficiency, and provide scale and operating leverage to InBank's already strong organic growth
- Immediate earnings per share accretion to INBC of over 50% in first full year of combined operations
PR Newswire
DENVER and WILEY, Colo., Nov. 30, 2021
