FirstBank, sometimes referred to as 1stBank, is a Colorado based and privately held bank and financial services company that owns over 115 FirstBank locations in Colorado, Arizona, and California. Headquartered in Lakewood, Colorado, it is the 2nd largest bank in Colorado by total deposits behind only Wells Fargo. On February 1, 2017, John Ikard, CEO, and Dave Baker, president, announced their retirement. Jim Reuter and Ron Tilton took over the CEO and president positions respectively and Emily Robinson succeeded Reuter's previous position, Chief Operating Officer.
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Overview
Founded by Roger Reisher in 1963, FirstBank has expanded beyond a contender in the Denver Metro Area to one of the largest privately held banks in the country. As of December 2016, FirstBank had assets totaling $17B and more than $14B in deposits.
In 2010 FirstBank partnered with Community First Foundation to launch Colorado Gives Day - a 24-hour online drive to raise funds for Colorado non-profits. This was expanded beyond Colorado, in 2013, with the implementation of Arizona Gives Day - a collaboration between Alliance of Arizona Nonprofits and Arizona Grantmakers Forum.
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History
FirstBank opened its doors to the public on February 28, 1963, under the name of Westland National Bank. Following success and rapid expansion in the 60's and 70's, all branches, including the holding company, operating under the Westland organization adopted the name 1stBank in 1978.
Key milestones
1963 - FirstBank opened its doors to the public under the name of Westland National Bank.
1967 - WEERVA Inc (named after WEstland, ERie, and VAil) was created as a subsidiary for carrying out insurance activity.
1972 - Westland moves into its new building in Lakewood that would become the Holding Company.
1978 - All banks, including the holding company, operating under the Westland organization adopted the name 1stBank.
1985 - FirstBank opens first location outside of Colorado in Palm Desert, California.
1995 - FirstBank hits the world wide web with the domain www.1stbank.com.
1999 - Internet banking is offered to customers. John Ikard named President of the Holding Company.
2007 - FirstBank opens in Arizona with three locations opened in Phoenix.
2013 - FirstBank mobile banking app is introduced for download on Apple or Android devices.
Source of the article : Wikipedia
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