December 28, 2014 8:25 AM ET

Banks

Company Overview of FirstBank Holding Company

Company Overview

FirstBank Holding Company provides consumer and commercial lending and banking products and services. It offers personal checking and savings accounts, college savings plans, health savings accounts, CDs and time accounts, and individual retirement accounts; and business checking and business savings accounts, CDs and time accounts, business online services, and merchant services. The company provides mortgages, home equity loans, business loans, credit cards, construction loans, commercial and retirement-based real estate loans, and other loans. It also offers mobile banking, personal and business Internet banking, and Internet cash management services. The Company was formerly known as Fir...

12345 West Colfax Avenue

Lakewood, CO 80215

United States

Founded in 1963

Phone:

303-237-5000

Fax:

303-235-1047

Key Executives for FirstBank Holding Company

Chief Executive Officer and President
President of Roaring Fork Valley Market
President of West Valley Market
East Valley Market President
Arapahoe Market President
Compensation as of Fiscal Year 2014.

FirstBank Holding Company Key Developments

FirstBank Adds Person-to-Person Payment System to its Powerful Mobile Banking App

FirstBank Holding Company announced a person-to-person (P2P) payments system as the newest tool in its robust mobile banking application. With this addition, FirstBank becomes the most recent bank to offer P2P payments through the clearXchange network, providing customers with an easy way to send and receive money via their mobile devices. It is the first regional bank in the nation to go live with the service. clearXchange is the large P2P payments network in the U.S. created by and for financial institutions, and the banks rely on clearXchange's financial technology to allow consumers and businesses to send and receive money using just an email or mobile number. More than 100 million people already have access to the clearXchange network directly through their current bank. The addition of clearXchange allows FirstBank customers to send payments from their existing FirstBank account safely and conveniently using only the recipient’s mobile number or e-mail address, and without providing sensitive account information. Customers of participating banks can easily transfer and receive money using their existing online or mobile banking service. Others whose bank is not yet part of the clearXchange network, only need to do a one-time registration at clearXchange.com to receive payments directly to their account at any U.S. bank.

Max Bancorp LLC Sues First Bank Holding Co. Inc. to Seek the Return of an Escrow Deposit After a Merger Agreement Between the Two Companies Was Terminated

Max Bancorp LLC is suing First Bank Holding Co. Inc. to seek the return of an escrow deposit after a merger agreement between the two companies was terminated. The court filing reveals that Max Bancorp ended the deal after locking horns with the Federal Reserve Board over regulatory conditions that the company deemed unreasonably burdensome. North Myrtle Beach, S.C.-based Max Bancorp LLC sued Harvey, N.D.-based National Bank of Harvey to seek the return of an escrow deposit after a merger agreement between the two was terminated. The court filing reveals that Max Bancorp ended the deal after locking horns with the Federal Reserve Board over regulatory conditions that the company deemed unreasonably burdensome. A complaint filed on Nov. 26 in the U.S. District Court in North Dakota, Northwest Division, lists as defendants the bank and certain stockholders in parent company First Bank Holding Co. Inc. The defendants include National Bank of Harvey President and CEO Robert Herrington and various members of the bank's board. Max Bancorp is seeking the return of earnest money totaling $150,000, plus interest, costs, disbursements and attorneys' fees to be determined in jury trial requested by Max Bancorp. Max Bancorp agreed in the spring to acquire 100% of the voting shares of First Bank Holding, through which it would indirectly acquire the voting shares of National Bank of Harvey. The companies did not disclose the deal pricing or terms when they filed for the merger. Max Bancorp informed National Bank of Harvey in September that it intended to terminate the merger agreement, and in October provided written notice that it was exercising its right to do so and withdrew its merger application from the Federal Reserve. The decision to terminate the agreement came after Max Bancorp reached an alleged "impasse" with the Federal Reserve Board, which imposed "burdensome material conditions and requirements" upon the company and subsidiary Sandhills Bank, the lawsuit stated.

FirstBank Holding Company Reports Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

FirstBank Holding Company reported earnings results for the nine months ended September 30, 2014. Net income for the first nine months of 2014 increased 4% to $125.57 million compared to $120.62 million as of September 30, 2013. For the year 2014, the company is confident to achieve a strong financial performance.

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