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FirstBank Holding Co

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FirstBank Holding Company
FormerlyFirst Westland National Bank
Company typePrivate
IndustryBanking, financial services
Founded1963; 61 years ago (1963) in Lakewood, Colorado, U.S.
Founders
  • Everett Williams
  • George Williams
Headquarters12345 W. Colfax Avenue,
Lakewood, Colorado
,
U.S.
Area served
Predominantly in Colorado, and also in California and Arizona
Key people
ProductsConsumer banking, Commercial banking
Websiteefirstbank.com

FirstBank Holding Company (or 1stBank) is an American privately held bank and financial services company that operates more than 100 locations in three states in the Southwestern U.S., in Colorado, Arizona, and California. Founded in 1963, it is headquartered in Lakewood, Colorado.[4]

History

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FirstBank was founded by George and Everett Williams in Lakewood, Colorado, in 1963 as the First Westland National Bank.[5][6] The Williams were joined on the founding board by Ira C. Rothgerber Jr. and William Johnson, both from the Denver law firm Rothgerber, Appel and Powers (now Lewis Roca).[7][8][9] Roger Reisher became the founding president of the bank and remained at the position for the first 36 years of the bank's history.[10]

By the 1970s, the company had grown to include a number of additional Colorado locations including banks in Vail and Wheat Ridge.[11][12][13] In 1978, the organization consolidated under its current name, FirstBank.[5][14] In 1985, the bank opened its first location outside Colorado in Palm Desert, California.[15] FirstBank expanded to Arizona in 2007.[16]

Operations

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FirstBank is a member of the Federal Deposit Insurance Corporation, often styled as Member FDIC.[14] It has its headquarters at 12345 W. Colfax Avenue in Lakewood, Colorado. In June 2016, the organization completed an addition to its facilities that expanded it to a 227,000-square-foot campus that could accommodate up to 1,400 employees.[17] In February 2020, FirstBank opened its Multicultural Banking Center in Lakewood to provide banking services in languages such as Spanish, Chinese, Mandarin Chinese, Korean, Vietnamese and Cantonese.[18]

Philanthropy

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In 2010, FirstBank partnered with Community First Foundation to launch Colorado Gives Day – a 24-hour online drive to raise funds for Colorado nonprofits.[19] Since Colorado Gives Day's inception, more than $400 million has been raised. Gives Day expanded beyond Colorado, in 2013, with the implementation of Arizona Gives Day and Coachella Valley Giving Day in 2023. FirstBank received the 2016 Corporate Citizenship award from Governor John Hickenlooper.[20]

See also

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References

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  1. ^ "Exclusive: Top Colorado bank names new CEO - Bizjournals.com". February 26, 2024.
  2. ^ "FirstBank Announces CEO Succession - Bankbeat.biz". February 29, 2024.
  3. ^ "FirstBank Promotes Sands to Chief Banking Officer - Monitordaily". April 9, 2024.
  4. ^ Svaldi, Aldo (April 10, 2020). "FirstBank hits pause button on emergency business loans after a flood of applications". The Denver Post. Retrieved June 24, 2022.
  5. ^ a b Stonebraker, Stoney (July 1, 2017). "Stoney Stonebraker: George and Everett Williams had a huge impact on Boulder". Boulder Daily Camera. Retrieved June 24, 2022.
  6. ^ Mendoza, Monica (July 7, 2016). "A look at Colorado-based FirstBank's new HQ complex". Denver Business Journal. Retrieved June 24, 2022.
  7. ^ Kellard, Joseph (June 23, 2016). "Co-Founder of FirstBank in Colo. Retires as Co-Chairman". American Banker. Retrieved June 24, 2022.
  8. ^ Mendoza, Monica (June 22, 2016). "FirstBank Holding chairman resigns". Denver Business Journal. Retrieved June 24, 2022.
  9. ^ "Rothgerber Johnson & Lyons". University of Denver Archives. 2003. Retrieved June 24, 2022.
  10. ^ Rusch, Emilie (January 29, 2017). "After 17 years as FirstBank CEO, John Ikard leaves legacy of record profits, community giving". The Denver Post. Retrieved June 24, 2022.
  11. ^ "2 New Banks Bring State Total to 217". Fort Collins Coloradoan. November 9, 1967. p. 3. Retrieved June 24, 2022 – via Newspapers.com.
  12. ^ "Weerva, Inc.: Acquisition of Banks". Federal Register. Office of the Federal Register, National Archives and Records Service, General Services Administration. 1972.
  13. ^ "Ex-resident heads board of bank group". The Muscatine Journal. July 2, 1973. Retrieved June 24, 2022 – via Newspapers.com.
  14. ^ a b "FirstBank". Federal Deposit Insurance Corporation. Retrieved June 23, 2022.
  15. ^ Barba, Robert (October 2, 2013). "FirstBank in Colo. to Buy Branch in Southern Calif". American Banker. Retrieved June 24, 2022.
  16. ^ Gonzales, Angela (May 22, 2013). "FirstBank Arizona opens Goodyear branch, plans two more". Phoenix Business Journal. Retrieved June 24, 2022.
  17. ^ Rusch, Emilie (June 24, 2016). "FirstBank doubles down on Lakewood headquarters". The Denver Post. Retrieved June 24, 2022.
  18. ^ Rios, Joseph (February 25, 2020). "FirstBank opens Multicultural Banking Center: The center will provide banking services in different languages". Arvada Press. Retrieved June 24, 2022.
  19. ^ "FirstBank-backed Colorado Gives Day means a bonanza for charities". Denver Business Journal. December 5, 2016. Retrieved April 26, 2017.
  20. ^ Storum, Doug (February 25, 2017). "FirstBank posts net income of $190.6M for 2016"". BizWest. Retrieved June 24, 2022.
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