In February, The Dolores State Bank (DSB) signed an agreement to acquire the Mancos Valley Bank.
The employees and directors of both banks said they were excited to combine the strengths and talents of the two organizations.
Like the Mancos Valley Bank, The Dolores State Bank is a traditional community bank with customer service as the primary focus.
DSB said it is pleased to bring local bank ownership back to the Mancos Valley. The transaction is scheduled to close July 31 with the operations consolidating on Aug. 21.
With this purchase comes an opportunity. Anyone interested in becoming a part owner of The Dolores State Bank and would like to purchase stock, may contact Doug Aiken at The Dolores State Bank, (970) 882-1001 or [email protected].
The minimum investment is about $10,000.
The joint company will have four locations, approximately $230 million in assets, $200 million in deposits and $108 million in loans.
DSB offers a full suite of loan products, from car loans to Home Equity Lines of Credit, 30 year home mortgages to commercial and agricultural loans.