National Bank Holdings Corp., a Denver-based bank holding company, has announced it has now received all regulatory approvals from the Federal Reserve Board, the Utah Department of Financial Institutions and the Colorado Division of Banking for the previously announced acquisition of Community Bancorporation in Utah, the holding company for Rock Canyon Bank. The acquisition is now expected to close in September.
“We are pleased to have received the required regulatory approvals and look forward to closing this acquisition in the coming weeks,” said Tim Laney, CEO of National Bank Holdings Corp. “Our teams have been working together to ensure a smooth transition for our clients. Our systems conversion is scheduled for the fourth quarter 2022 and remains on track. We look forward to welcoming Rock Canyon Bank associates and clients to the NBH family and to further our presence and commitment to the greater Salt Lake City region.”
Laney said the transaction adds approximately $809.7 million in total assets, including $476.2 million in total loans and $727.7 million in total deposits, to National Bank Holdings.