Business of the Week – Colorado East Bank & Trust

You help your community thrive when you shop locally!

Be sure to read The Prowers Journal each week when the Lamar Chamber of Commerce
and The Prowers Journal highlight a featured Business of the Week.

This week we are proud to spotlight Colorado East Bank & Trust
Give them a call at: 719.336-5200

Colorado East Bank & Trust was established in May of 1994 when ColoEast Bankshares, Inc., a bank holding company comprised of a group of investors purchased the American State Bank located in Granada and the First Bank & Trust in Holly, along with the new branch that was established in Lamar. The three banks merged and became Colorado East Bank & Trust. We are proud to hold the oldest bank charter in Prowers County with the First Bank & Trust of Holly charter from 1905.

Gary Peyton, Robyn Shipman, Brent Frazee, George Gotto III-President, Nick Weber and Norma Swanson

Since 1994, Colorado East Bank & Trust has grown from the original three branches to eighteen branches located in Colorado and Kansas. The growth was achieved through a planned strategy of purchases and mergers of banks strategically placed throughout Eastern, Central Mountain and Front Range regions of Colorado and Western Kansas. Our Colorado locations include: Holly, Lamar, Granada, Springfield, La Junta, Keenesburg, LaSalle, Dacono, Pueblo North, Pueblo West, Pueblo South, Buena Vista, Fairplay, Stratton, Severance, Mead, and a Loan Production Center in Colorado Springs. Our Kansas locations are in Tribune and Elkhart. Colorado East Bank & Trust is proud to be able to serve and support these wonderful communities.

April Faull, Rae Clausen, Jennifer White, Jo Ann Aguirre

Along with traditional banking services, the Holding Company’s plan was to become a complete financial service center and provide non‐traditional financial services. These services include a Colorado East Financial Strategies Group which specializes in wealth management and conservation and Colorado East Insurance which is able to handle all of your insurance needs. Unlike the bank, these service centers are Not FDIC Insured.

Kayla Koehn, Brenda May, Debbie Harris and seated, Renee Wilkins

Lamar is the main branch headquarters for Colorado East Bank &Trust and serves our local community Monday through Friday from 8:30 a.m. to 5:30 p.m. and Saturday 8:30 a.m. to 12:00 p.m. The Lamar location staffs 21 employees with 10 additional employees in the Loan Processing Center and five additional employees in the Mortgage Department. The branch hosts many events for ColoEast Bankshares throughout the year that brings in employees throughout the organization and the Board of Directors to the Lamar area. We are proud to have two people from the Lamar area serve on the Board of Directors, Gary Peyton, Board of Director, and Norm Arends, Chairman of the Board. The Lamar branch also hosts local food drives, fundraisers, shred days and the Parade of Lights Open House every year. Colorado East Bank & Trust is happy to be able to give back to our local community.

Tyler Thrall, Krystal Zamudio, Gwen Smith, Jillian Martinez

Many of our employees actively participate in local service clubs and activities such as Zonta, Elks, Rotary, Eagles, Lamar Chamber of Commerce and Lions, just to name a few. We have also always been strongly involved with the 4‐H Program, County Fairs, and local sporting events.

Jerry Ellis, Debra Brown, Kenneth Anderson

Colorado East Bank and Trust’s mission is to be a dynamic, independent, financial service center demonstrating progressive management, while providing community strength and leadership. We attribute our success to our customers and the support and loyalty that they have provided us throughout the years. From all of our employees, we would like thank you for your continued support. You are what keep us strong. We will strive in keeping it our mission to continue to uphold your trust and respect. Bank where You Matter!

Colorado East Bank & Trust is a member FDIC and Equal Housing Lender.

John Hartshorn, Joni Dorris

Filed Under: BusinessBusiness of the WeekcommunityCountyFeaturedGranadaHollyLamarProwers County


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