Jim Basey, Chairman, President and CEO of Centennial Bank

Mr. Basey is the Chairman and CEO of Centennial Bank and a Founder and a Director of CIC Bancshares, Inc., the holding company for Centennial Bank. He has over 40 years of banking and community leadership experience, including almost 30 years in executive positions in multi-billion dollar national banking firms, as well as community banks. Mr. Basey started his career with Colorado National Bank (CNB) in 1970. While at CNB, Mr. Basey managed all facets of the Bank’s operations. While at CNB, Mr. Basey was integrally involved in the Bank’s growth from $300 million to over $3 billion in assets. During his tenure, CNB acquired, or opened de novo, over 30 banks and financial companies and raised over $100 million of capital in the private and public markets. Upon the sale of CNB to First Bank Systems, now US Bank, in 1993, Mr. Basey served as Vice Chairman of the $5 billion Colorado National Bank formed as a result of First Bank Systems’ acquisition of CNB and the merging of two other Colorado based banks. In 1997, Mr. Basey left US Bank to pursue interests in community leadership and charitable activities. Mr. Basey has been actively involved in the urban development and strategic planning for Denver as former President and CEO, and current board member of, the Downtown Denver Partnership; immediate past Chairman and current commissioner of the Denver Urban Renewal Authority; past chair and current director of Downtown Denver Inc., co-Chair of the Downtown Area Plan 2027 and a member of its implementation group, among others. In education, Mr. Basey has been actively involved as Chairman of the board of advisors for the Business School at University of Colorado, Denver; Trustee of the CU Foundation; Chairman of the University of Northern Colorado (UNC) Foundation and its investment committee; board member for the UNC College of Business Administration; and the Chair of the advisory board of the CU Cancer Center. He has also been involved in numerous initiatives supporting the cure for cancer and healthcare, including membership on the board of both St. Anthony’s Hospital and Foundation; founding member of Cancer Cure and founder of the Linnea J. Basey Cancer Research Endowment at the CU Cancer Center. Mr. Basey received his B.A. in Accounting from the University of Northern Colorado and graduated from the Colorado School of Banking, Graduate School of Business, University of Colorado at Boulder. From 2003 to 2009, Mr. Basey served as an advisor and is a former director for Nortrust Holding Company, the holding company for regional Northern Trust Bank operations of Arizona and Colorado.

Kevin Ahern, Founder, Vice Chairman, President and CEO of CIC Bancshares, Inc.

Mr. Ahern is a Founder and is the Vice Chairman, President and CEO of CIC Bancshares. He has over 25 years of executive experience in banking, investment management, mergers and acquisitions, private equity, and consulting in the financial services industry. From 2006-2008, Mr. Ahern served as President and COO of Braddock Financial Corporation, a Denver-based money management and private equity investment firm. Previously, he was an Executive Vice President and Managing Director with CoBiz Financial, a Denver-based publicly traded diversified banking and financial services company (Nasdaq: COBZ). During his five-year tenure at CoBiz, he was Treasurer of CoBiz Bank, NA, and was responsible for the development and management of five non-banking financial services business units. While at CoBiz, he was also responsible for mergers and acquisitions and completed and integrated four primary acquisitions and three add-on acquisitions from 2001 to 2005. Mr. Ahern has worked as a quantitative analyst, trader, portfolio manager and Chief Investment Officer, working for Johnson and Higgins in New York, NY, Aetna Investment Management in Hartford, CT, ING Investment Management in Denver, CO, and Sterling Partners in Northbrook, IL. Mr. Ahern has served on numerous boards of regulated and non-regulated businesses and community organizations including; board member, executive committee member and Chairman of the investment committee for the University of Northern Colorado Foundation from 1995-2006; and trustee and investment committee Chairman for the Griffith Centers for Children from 2000-2006. Mr. Ahern currently serves on the investment committee of the Malcolm Baldridge National Quality Award Foundation. A Chartered Financial Analyst, Mr. Ahern received an MBA with an emphasis in Finance from the University of Connecticut in 1991 and a BS in Business Administration from the University of Northern Colorado in 1985. Mr. Ahern is a member of the Young Presidents Organization’s Rocky Mountain Chapter.

2.20.12 Centennial Bank to open Boulder branch on Feb. 28. Read more.

Denver, CO (February 13, 2012) – Centennial Bank announces the addition of three new members to its staff, including Charles Holmes, David Mariea and Courtney Gimeno.

Business Advice: Improving Accounts Receivable

Every business owner wants to increase efficiency for their business, reduce costs and increase profits. By expediting the collection of a company’s receivables, Lockbox Services can meet these goals for your business!

By transferring the work of processing and depositing your daily accounts receivables to the bank, you will eliminate the need for staff to manage the deposit process and provide greater audit control. This also allows for deposits being made more expediently with faster collection of receivables, resulting in improved cash flow. There are many different forms of Lockbox Services available that will meet the needs of low to high volume businesses—yet all result in allowing a business owner to focus on what matters most, growing their business!

Click here to read “When Does a Lockbox Make Sense?” by Jill Heap, Chief Deposit Officer for Centennial Bank.