FirstBank Holding Co

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 three states in the Southwestern U.S.: Colorado, Arizona, and California. Headquartered in Lakewood, Colorado, it is the second largest bank in Colorado by total deposits behind only Wells Fargo.[3] 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 as Chief Operating Officer.[1] FirstBank is a member of the Federal Deposit Insurance Corporation, often styled as Member FDIC and Equal Housing Lender.

FirstBank Holding Company
FormerlyFirst Westland National Bank
TypePrivate company
IndustryBanking, Financial services
FoundedFebruary 28, 1963
FoundersEverett Williams, George Williams
Headquarters
Lakewood, Colorado
,
United States
Number of locations
115+ branches (2019)
Area served
Colorado (Predominantly), Palm Desert, California, Phoenix Metro Area, Arizona
Key people
Jim Reuter
(CEO)
[1]

Ron Tilton
(President)
[1]
Todd T. Vanosdoll
(Chief Financial Officer)
Emily Robinson
(Chief Operating Officer)
[1]
Albert Kendrick
(Chief Information Officer)
Gordon Banks
(Executive Vice President of Marketing)

Roger Reisher
(1ST President)
ProductsConsumer banking, Commercial banking
US$ 271.12 million (2019)[2]
Total assets US$ 18.57 billion (2019)[2]
Number of employees
2,915 (2019)
Websiteefirstbank.com

Overview

Founded by George and Everett Williams in partnership with Ira C. Rothgerber Jr. and William P. Johnson in 1963, FirstBank has expanded beyond a contender in the Denver Metro Area to one of the largest privately held banks in the country.[4] As of February 2019, FirstBank had assets totaling $18.5B and more than $16.5B in deposits.[2][3]

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.[5] 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.[6]

History

On February 1, 1962, Everett and George Williams of Boulder met with Ira C. Rothgerber Jr. and William (Bill) P. Johnson of the Rothgerber, Appel and Powers law firm to discuss a possible bank charter application. Ira suggested that they locate the proposed bank in the then developing 40-acre Westland Shopping Center in Lakewood. Everett, Ira and Bill Johnson met with Paul Ross, Chief National Bank Examiner, in Kansas City on March 12, 1962. The charter application for First Westland National Bank was filed on March 23, 1962. A number of bankers were interviewed and considered for the president position before Roger Reisher, Vice President of the Roeland Park State bank in Kansas City, was ultimately chosen.

FirstBank opened its doors to the public on February 28, 1963, under the name of Westland National Bank.[4]

See also

References
  1. "FirstBank's CEO, president announce retirements on same day". Denver Post. December 22, 2016. Retrieved April 26, 2017.
  2. >"FirstBank Wraps 2018 with New Highs in Assets, Deposits, Loans and Net Income". GlobeNewsWire. Globenewswire.com. Retrieved February 11, 2019.
  3. "2016 Banks by Deposit". Denver Business Journal. December 16, 2016. Retrieved April 26, 2017.
  4. "After 50 years, FirstBank is firmly entrenched as a giant". Denver Business Journal. March 14, 2013. Retrieved April 26, 2017.
  5. "FirstBank-backed Colorado Gives Day means a bonanza for charities". Denver Business Journal. December 5, 2016. Retrieved April 26, 2017.
  6. "Improving Arizona Through the Power of Collective Giving". azgives.org. April 4, 2017. Retrieved April 26, 2017.
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