Denver, CO (January 27, 2014) – Centennial Bank announces the formation of an advisory board for the Vail Valley composed of several local business owners and executives.
The founding members include Juliann Gornick, president, Juliann Gornick Business Services, Inc.; Dan Bennett, managing member, SW Greens Management; Kraig Forbes, founder, Fuller Sotheby's International Realty; and Tom Jaffe, broker associate, Slifer, Smith & Frampton.
"We are thrilled to have the tremendous expertise and support of our advisory board members who all have extensive business experience in the Vail Valley and will be a great asset to the Centennial Bank organization," says James Thomason, Centennial Bank market president for the Vail Valley.
About Centennial Bank
Centennial Bank is a full-service community bank focused on providing banking solutions to businesses, professionals and consumers in Colorado. Established in 1986 and acquired by CIC Bancshares, Inc. in 2010, Centennial Bank provides personalized service to customers for their business and personal banking needs with nine locations and over $435M in assets. For more information, please visit www.CentennialBanking.com.
Denver, CO (December 2, 2013) -- Centennial Bank President & CEO, Jim Basey, was named one of ColoradoBiz Magazine's CEO's of the Year. Each year, ColoradoBiz recognizes the most inspiring, impactful, and successful CEOs in Colorado. Read more on his career and a defining moment that helped propel him toward success.
Denver, CO (September 19, 2013) – Centennial Bank announces that Jim Basey, vice chairman, president and CEO, has been selected as the Denver Business Journal Power Book award winner in the banking and finance category. The annual award honors C-level executives and Denver's most influential business leaders.
Denver, CO (September 16, 2013) – Centennial Bank announces that it has added two new employees in the Boulder market, including Ross Nicholls, vice president, relationship manager, and Renee Sanders, client services manager-officer.
Denver, CO (September 9, 2013) -- Jim Basey, President & CEO of Centennial Bank, was named a finalist this week for the Denver Business Journal's Power Book award.
Denver, CO (August 13, 2013) -- Jose Trujillo, vice president of mortgage lending for Centennial Bank, speaks with Heather Draper at the Denver Business Journal about the current mortgage market. "There are a lot of positives to rates going up as well," Trujillo says. "It means the economy is improving, and it spurs new homes and construction. We are definitely seeing a lot more construction lending happening now." Read more.
Denver, CO (August 13, 2013) – Centennial Bank announces that Larry Cavanaugh, President – Vail, has been named to the Vail Chamber and Business Association (VCBA) board.
Boulder, CO (August 2, 2013) --
Small businesses boosted
"Startup companies are just a few of the companies locally that have taken advantage of small-business lending available from the federal government in recent years.
Colorado banks making small-business loans increased their lending by $25.6 million in the first quarter of 2013, compared with the same quarter in 2012, according to the U.S. Treasury Department.
CIC Bancshares Inc., the Denver parent holding company of Centennial Bank in Boulder, and the Colorado Enterprise Fund Inc. in Denver, which has focused on loans to natural and organic food companies locally, are both on the Small Business Lending Fund list." Read more.
Denver, CO (July 19, 2013) – Centennial Bank announces that Dave Mariea has been named president of its Englewood bank. Mariea previously held the position of senior vice president - commercial lending at the bank's downtown Denver location. He has nearly 20 years of experience in the banking industry focused primarily on commercial lending.
Denver, CO (July 15, 2013) -- Centennial Bank VP of mortgage lending, Jose Trujillo, talks with Denver Post business reporter Aldo Svaldi on the rising mortgage rates.
Higher mortgage rates squeezing Colorado homebuyers.
Mortgage rates have risen so sharply that they are leaving many would-be borrowers with financial vertigo, not to mention bruises from repeatedly kicking themselves.
"When the decision is made for rates to go up, it just snaps. It is like a rubber band. There is not a whole lot of time you have," said Donald Frommeyer, president of NAMB — The Association of Mortgage Professionals.
A national survey from Freddie Mac shows the average rate on a 30-year fixed-rate mortgage went from 3.35 percent on May 2 to 4.51 percent Thursday. A survey of Colorado mortgage rates from Bankrate.com shows that the state average on a 30-year fixed-rate loanhas shot up from 3.41 percent on May 1 to 4.64 percent on July 5. Read more.