According to Larimer County property records, Rockies Lodging Capital purchased the 112-room hotel for $12.9 million in 2017. The original lender was Colorado Business Bank.
Chase plans to renovate the 3,600-square-foot structure at the corner of Colfax and Speer and open a branch there in 2022.
Runners-up U.S. Bank and Chase had greater percentage gains, however, in terms of deposit market share.
The A-Frame Club will have 31 structures, each 460 square feet, that will likely rent for “the high $200s” per night.
Santander Consumer USA, which has 6,000 employees and 3 million customers, notified the state of the move in a letter this week.
Kevin Classen, a banking industry veteran who started his tenure in Vail and helped lead FirstBank’s foray into the Arizona market, will succeed Ron Tilton, who is retiring in February after three-and-half decades at the institution.
Elsewhere in town, office projects are on hold. But Vectra’s CEO said the cost of capital as a financial institution makes it “a good investment for us.”
The Denver branches at 1625 Broadway and 1660 Wynkoop St. are among the 26 in the state the Minnesota-based company has closed or will close.
Also making moves in the downtown banking scene: PNC, Chase and Bank of Colorado.
Bank of the West and Vectra Bank also moved up in the metro area rankings, according to the FDIC. Wells Fargo stayed No. 1 and U.S. Bank is No. 2.