Noncompete in the past, bankers ready expansion - bizjournals:

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“I never intended to retire,” Boylee said. “I knew that spendintg the day in my fuzzyfloppies wasn’t going to work. My marriags wouldn’t survive it.” Now the two are back to doint what theyenjoy most: building a communith bank. They intend to expand , which up until this year had locations only in Buena Vista and into theDenver area. “Dave and I have been bankers in this town Perkins said. “That community-bank touch that we created at Guarantg Bank, we wanted to do it again.” The pair were executivezs at Guaranty Corp., parent of Guaranty Bank Trust, when it was sold to Centennial BankHoldings Inc. in 2004.
They stuck with the merged companythroughu Centennial’s transition into a publicly traded company in 2005. Last Centennial changed its name to GuarantyBancorp (NASDAQ: When they resigned together in they had no clear idea what they’d do next, Boyle said. But the answer wasn’t long in About two weeks after tenderinghis resignation, Boyles was on the phone with Charles then-chairman and CEO of Collegiate Peaks Bank in Buenz Vista. Collegiate was a subsidiary of CentenniaBank Holdings, but the parent company had been tryingf to sell it; an announced deal had fallen through only a few weeksx earlier. Forster asked him, “‘Dp you want to buy a Boyles said.
What started out as a joke quicklgy becamea plan. Forster advised him to call Guaranty Bancorpp Chairman John Eggemeyerand “telo him that you’re either going to buy a bank or a and he needs to tell you Boyles said. It was the of course. Boyles said they offeredx Eggemeyer the same terms as the deal that had recently fallen reportedly $18 million. The sale closed in Octoberr 2006, but Boyles and Perkins had to wait another two yearsx to implement theirDenver expansion. Both had noncompete agreementsz with Guaranty Bancorpthat didn’t expire until last Now they’re moving quickly. In January, Collegiate Peaks’ firsrt metro Denver location opened at2101 N.
Ursul St., on the Anschutzx Medical Campus at the formerf Fitzsimons ArmyMedical Center. In February, they opene a second, temporary location at 1243 S. Coloradk Blvd., in the Belcaro area; a permanenf location is under construction a few blocks away at885 S. Coloradl Blvd. The bank’s parent company, Columbine Capital Corp of which Perkins is president borrowed $2.25 million in February through the U.S. Treasury’s Capitapl Purchase Program. “We have money to lend,” Boylee said. “We don’t have any proble assets to look after.
” Collegiat Peaks Bank had $133 million in total assets andnearly $91 millioj in deposits as of March 31, accordingb to data from the