Pueblo, CO – February 20, 2024 – InBank, a growing independent commercial bank serving the Colorado Front Range, southern Colorado, and northern New Mexico markets, announces today that it has added a team of seasoned bankers in the Pueblo market that includes Tony Colarelli as Market President, Valerie Martinez and Miles Gorham as Vice Presidents, Commercial Bankers.

Colarelli will serve as Senior Vice President, Market President of Pueblo and Cañon City locations for InBank. He brings expertise in branch management, lending, commercial and consumer banking as well as relationship and team building to InBank. Colarelli holds a B.S. from Colorado State University, Pueblo, and currently serves on the Board of Directors for Pueblo Diversified Industry and Runyon Sports Complex.

Martinez joins InBank as Vice President, Commercial Banker, with over 20 years of experience in banking and lending. She holds a B.S in Business Administration from Colorado State University, Pueblo, with an emphasis in Marketing and Finance. Martinez is currently serving as Treasurer of the Pueblo Community College Foundation, supporting the community in higher education through scholarships and awareness.

Gorham will serve as Vice President, Commercial Banker, for InBank in the Pueblo and Cañon City markets with experience in lending, portfolio management and commercial banking. He holds a B.A. in Business Management from Western State Colorado University. Gorham is also an active member of the community serving as Tournament Director for the Tony Andenucio Memorial Baseball Tournament, Vice President Greater Pueblo Sports Association Hall of Fame, Board President of the Runyon Sports Complex, Vice President of Villa Bella Expeditionary School Board, and on the PEDCO Membership Committee and Steering Committee for Leadership Pueblo.

“We are thrilled to be adding Tony, Valerie and Miles to our Pueblo team and are confident that their combined experience in commercial banking and lending and deep involvement in the local community will benefit our customers and our teams throughout the southern region,” says Andrew Trainor, Community Bank President, InBank. “The new team joins Rebecca Diaz, Vice President, Commercial Banker, in Pueblo to round-out an experienced and seasoned team of bankers in this market.”

InBank has 10 locations throughout southern Colorado, including Colorado Springs, Cañon City, Buena Vista, Wiley, Lamar, Trinidad, Pueblo West and three locations in Pueblo.

“I am looking forward to my new role overseeing the Pueblo and Cañon City markets for InBank and continuing to serve in a leadership capacity in the community, as well as within the InBank organization,” says Tony Colarelli, Market President, InBank. “Our number one goal is supporting business owners and organizations throughout Pueblo and the surrounding communities, which includes serving current InBank customers at the highest level and those who may be considering a new banking relationship in Pueblo, Cañon City or southern Colorado communities.”

About InBank

InBank is the wholly-owned subsidiary of InBankshares, Corp (OTCQX:INBC), a Colorado headquartered bank holding company. InBank is an independent commercial bank growing throughout the Colorado Front Range and serving southern Colorado and northern New Mexico markets. At December 31, 2023, InBank had $1.29 billion in total assets. InBank offers a full suite of commercial, business, personal and private banking solutions with a focus on personalized service, technology and local decision-making. InBank was built on the entrepreneurial spirit and is led by a team of experienced banking professionals committed to the mission of positively impacting the lives of its customers, communities and associates. For more information, visit www.InBank.com.

Forward-Looking Statements

This press release contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements preceded by, followed by, or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of InBank’s management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond InBank’s control). Although InBank believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, InBank can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by InBank or any other person that the future events, plans, or expectations contemplated by InBank will be achieved.

All subsequent written and oral forward-looking statements attributable to InBank or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. InBank does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. # # #