Denver, CO – January 8, 2025 – InBankshares, Corp (OTCQX: INBC) and its wholly owned subsidiary InBank (together, the “Company”), an independent commercial bank serving the Colorado Front Range, southern Colorado, and northern New Mexico markets, announced today that the Board of Directors has appointed veteran banking and finance executive Kevin Ahern as Chairman of the Board. Ed Francis, who previously held the title of Chief Executive Officer and Chairman of the Board, will continue to serve as CEO and board member of InBank and InBankshares, Corp.

Mr. Ahern is the Managing Partner of Brush Creek Partners, a Denver-based private equity firm, and has served on the Board of Directors of the Company for four years. He has 40 years of expertise as an entrepreneur, operator and investor in banking, private equity, insurance, investment banking, investment management, and a number of other industries. He has a bachelor’s degree from the University of Northern Colorado and an MBA from the University of Connecticut.

“I am honored to announce that our Board has appointed Mr. Kevin Ahern as Chairman of the Board,” says Ed Francis, CEO, InBank and InBankshares, Corp. “Kevin’s reputation in Colorado and across the banking and finance industry is stellar and we are very fortunate to have him serve in this capacity. Kevin’s deep Board experience will ensure a smooth transition of responsibilities and I am confident that this added leadership capacity will prove beneficial as we continue to focus our efforts on growing the InBank brand throughout Colorado and New Mexico. I appreciate the trusted relationship that I have formed with Kevin over the past four years and am looking forward to our continued partnership as we lead the company to new heights of success.”

As CEO, Francis’ time will be dedicated to growing the company’s market presence and helping its teams execute their strategic objectives.

“I am very excited about the opportunity to serve as Chairman of the Board and to continue my commitment to the entire InBankshares organization,” says Kevin. “I look forward to working more closely with Ed and the InBank leadership team, as well as the Board of Directors and our shareholders, to drive forward our key initiatives and support the growth of the organization.”

About InBankshares, Corp

InBankshares, Corp is the holding company for InBank, an independent commercial bank growing throughout the Colorado Front Range and serving southern Colorado and northern New Mexico markets. At September 30, 2024 InBankshares had total consolidated assets of $1.35 billion. 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 The Company’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 the Company’s control). Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company 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 the Company or any person that the future events, plans, or expectations contemplated by the Company will be achieved.

All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company 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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