July 26, 2014 8:00 AM ET

Diversified Financial Services

Company Overview of CIC Bancshares, Inc.

Company Overview

CIC Bancshares, Inc. operates as a bank holding company. The company was formerly known as Colorow Investment Corp. and changed its name to CIC Bancshares, Inc. in 2010. CIC Bancshares, Inc. was incorporated in 2009 and is based in Greenwood Village, Colorado.

5619 DTC Parkway

Suite 1150

Greenwood Village, CO 80111

United States

Founded in 2009

Phone:

303-414-1972

Key Executives for CIC Bancshares, Inc.

Founder
Age: 51
Executive Officer and Director
Compensation as of Fiscal Year 2014.

CIC Bancshares, Inc. Key Developments

CIC Bancshares and Centennial Bank Appoint Two New Directors to its Board

CIC Bancshares, Inc. announced the addition of Greg Anton and David Beck to its board of directors. Greg Anton is a founding partner of Anton Collins Mitchell LLP. Mr. Anton is the former chairman of the AICPA and is a nationally recognized speaker on the fiscal standing of the U.S. government. David Beck is the owner and managing director of Copia Capital, LLC. He is also the president and owner of Wine Funding, Inc. Anton and Beck will also join the board of Centennial Bank.

CIC Bancshares Seeks Acquisitions

CIC Bancshares, Inc. seeks to pursue more acquisitions. The capital for acquisitions comes after the completion of a capital raise in 2012. Kevin Ahern, Vice Chairman, President and Chief Executive Officer of CIC Bancshares said that they are “actively looking” for additional acquisitions. He said that they are interested in banks in the $80 million to $250 million range along the I-25 and I-70 corridors. He also said, “We've got pretty significant growth expectations for 2013.”

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 27, 2014
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