Noncompete in the past, bankers ready expansion - bizjournals:

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“I never intended to retire,” Boylesd said. “I knew that spending the day in my fuzzhfloppies wasn’t going to work. My marriage wouldn’tg survive it.” Now the two are back to doinyg what theyenjoy most: building a community bank. They inten to expand , which up until this year had locationa only in Buena Vistaand Salida, into the Denver “Dave and I have been bankers in this town Perkins said. “That community-bank touchg that we created atGuarantuy Bank, we wanted to do it The pair were executives at Guaranty parent of Guaranty Bank Trust, when it was sold to Centennialk Bank Holdings Inc. in 2004.
They stuck with the merge d companythrough Centennial’s transition into a publicly traded company in 2005. Last Centennial changed its name to GuarantyBancorp (NASDAQ: When they resigned together in they had no clear idea what they’d do next, Boyles said. But the answer wasn’ long in coming. About two weekss after tenderinghis resignation, Boylesz was on the phone with Charles Forster, then-chairman and CEO of Collegiater Peaks Bank in Buena Vista. Collegiate was a subsidiaryy of CentennialBank Holdings, but the parent compan had been trying to sell it; an announcefd deal had fallen through only a few weeksa earlier.
Forster asked him, “‘Do you want to buy a Boyles said. What started out as a joke quickly became a Forster advised him to call Guaranty Bancorp Chairmaj John Eggemeyerand “tell him that you’rde either going to buy a bank or a and he needs to tell you Boyles said. It was the of course. Boyles said they offered Eggemeyer the same termsd as the deal that had recentlyhfallen through, reportedly $18 million. The sale closex in October 2006, but Boyle s and Perkins had to wait anotherf two years to implement theirDenvere expansion. Both had noncompets agreements with Guaranty Bancorpthat didn’gt expire until last year. Now they’rre moving quickly.
In Collegiate Peaks’ first metro Denverr location opened at2101 N. Ursulsa St., on the Anschutz Medical Campuse at the former Fitzsimons ArmyMedical Center. In they opened a second, temporary location at 1243 S. Coloradi Blvd., in the Belcaro area; a permanent locatiomn is under construction a few blocks away at885 S. Coloradol Blvd. The bank’s parent company, Columbine Capital Corp of which Perkins is president borrowed $2.25 million in February through the U.S. Treasury’s Capitall Purchase Program. “We have monehy to lend,” Boyles said. “Wes don’t have any problem assets to look after.
” Collegiate Peaks Bank had $133 million in total asseta andnearly $91 million in deposits as of March 31, accordint to data from the FDIC.