The Bank at Broadmoor will tear down its South Tejon branch location, and the bank could have a new name by the time it reopens.
The bank is owned by Fort Worth, Texas-based Carlile Bancshares, Inc., which also plans to change the name of a sister bank, Yuma-based Colorado Community Bank. The Colorado Division of Banking declined to disclose the new name, but said it is neither Bank at Broadmoor nor Colorado Community Bank.
The name-change application was submitted in May, and it could take at least two months for it to be approved.
Carlile Bancshares officials could not be reached for comment.
Carlile Banchsare bought The Bank at Broadmoor in August 2011. It was established in February 1980 by Blakemore McCarty, Gordon Price, and Mary Ross, according to its website. Price still serves on the bank's board of directors. The bank has grown to encompass four offices in Colorado Springs; as of March 31, they had $168.6 million in total deposits and $194.7 million in total assets.
Colorado Community Bank opened in December 1982 as First National Bank of Yuma, and it now has 18 offices in nine Colorado counties, including five in the metro Denver area. Carlile Bancshares bought Colorado Community Bank in December for $65 million from Washington Investment Corp.
Colorado Community Bank reported $423.5 million in deposits with total assets of $507.7 million as of March 31, according to fdic.gov.
Carlile, formed in 2009, also owns Northstar Bank of Texas, which has 16 offices in five Texas counties. The name change will not affect the Texas bank, according to the state division of banking.
A demolition and construction date for the Bank at Broadmoor's branch at the corner of South Tejon Street and East Cimarron Street will be established after plans for the new building are approved by the city. The plans are expected to be presented to the city on June 26, according to Camille Blakely, spokeswoman for the bank.
Preliminary plans call for a 10,000 square-foot building that will house several offices and three drive-through lanes, one of which will include an ATM. The two-story building's exterior will be brick and stone, mirroring existing buildings in the area.
Twelve bank employees will occupy the building's first floor, and will offer teller, new account and lending services, Blakely wrote. The second floor could be rental space.
Contact Ned Hunter: 636-0275.