InBank Positioned for Expansion Opportunities, Key Hires and Additional Lines of Business
Denver, CO – August 3, 2023 – InBank, a growing independent commercial bank serving the Colorado Front Range, southern Colorado, and northern New Mexico markets, announces today that it has named veteran banking executive, Bo Scott, as President and Chief Commercial Banking Officer. Ed Francis, the current Chairman, CEO and President of InBank and InBankshares, Corp (OTCQX:INBC), will continue to serve as CEO and Chairman for both as the bank continues its growth trajectory and prepares for additional expansion plans.
Bo Scott has over 25 years of banking and financial institution experience and will serve as President and Chief Commercial Banking Officer of InBank. Previously, he held the position of Executive Vice President at UMB Bank, leading the Colorado commercial bank, and Senior Vice President at US Bank where he managed multiple West Coast markets for the Emerging Business division.
“It is an honor to welcome Bo to our executive leadership team and we look forward to quickly integrating his leadership and deep experience in commercial banking into the InBank team,” says Ed Francis, Chairman and CEO of InBank. “We are confident Bo will help us accelerate our organic growth. His acumen for attracting top talent and his deep experience in C&I lending will afford us new opportunities to open doors for new clients and talented bankers.”
“Joining InBank is an exciting new chapter for me and I am very enthusiastic about being a part of the talented and experienced executive team at InBank and contributing to a high-growth organization that will be strengthening its position in the marketplace,” says Bo Scott, President and Chief Commercial Banking Officer of InBank.
InBank’s expansion plans include an increased presence along the 1-25 corridor from Northern Colorado through the Denver Metro Area south to Colorado Springs and recruitment of additional commercial bankers to serve the needs of business owners throughout the Front Range.
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 June 30, 2023, InBank had $1.30 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.
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.
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