Denver, CO – January 25, 2024 – 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, Michael Katz, as Chief Credit Officer.

Katz joins InBank with over 30 years of banking and financial institution experience and will serve as Chief Credit Officer overseeing culture and protocols for credit approval and credit administration at InBank. Previously, he held the position of Market President for KeyBank Colorado.

“We are fortunate to be adding Mike to our executive team in the role of Chief Credit Officer. His deep relationships and experience in C&I lending combined with his 30 years of doing business in the Denver Metro Area will add significantly to the depth our executive team,” says Ed Francis, Chairman and CEO of InBank. “In these times of uncertainly, we are fortunate to be well-positioned to take advantage of opportunities created by disruptions in the marketplace.”

“I am very excited to be joining InBank at this time as we are poised for continued growth along the 1-25 corridor from Northern Colorado through the Denver Metro Area south to New Mexico,” says Michael Katz, Chief Credit Officer for InBank. “I look forward to helping propel the bank’s continued growth, meeting the needs of business owners throughout our markets and contributing to a culture of innovation, teamwork and commitment within the InBank organization.”

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.

 

# # #