Pine River Valley Bank, the banking subsidiary of Pine River Bank Corporation, was merged into NBH Bank, N.A. and will continue to operate under its current brands, Pine River Valley Bank and Miners & Merchants Bank.
Following the anticipated information technology and data processing systems conversion in the fourth quarter of 2015, NBH Bank intends to operate the newly acquired banking centers under its Community Banks of Colorado brand.
"We are excited about the completion of this transaction," commented Tim Laney, Chief Executive Officer of National Bank Holdings. "We welcome Pine River Valley Bank’s associates who join our team, as they continue to embrace our collective vision to assist in the financial success of the communities, businesses and families that we serve."
Boyd Hodges, President and Chief Executive Officer of Pine River Valley Bank, commented "We are proud of our many past accomplishments at Pine River Valley Bank and very excited to be an important part of Community Banks of Colorado’s future. We believe Community Banks of Colorado’s banking culture and high degree of client service produces a powerful combination providing enhanced benefits to the clients and communities we have served for many years."
As of the acquisition date, Pine River Valley Bank had total assets of $143 million, loans of $66 million and deposits of $129 million.
