Encore is also working to open in Boulder.
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The branch at 1760 16th St. is scheduled to shut its doors Aug. 3.
The deal works out to $175 a square foot. An existing bank branch remains open for now.
The remodeled structure hints at the diner’s original Googie architecture but is notably different.
Francis Joseph, 57, reportedly spent the taxpayer money on a Wyoming vacation and home improvements.
The national chain says its newer location nearby on Lawrence Street is better because it has more advanced technology.
The 82-year-old sued Colorado’s Department of Revenue last year after he was denied a refund check.
Mortgage lenders are facing challenges as a rise in interest rates has slowed home sales and ended a refinancing boom.
Alpine Bank, which was founded in 1973 and is employee owned, has $6.3 billion in assets.
“This is not an easy decision or one that we take lightly,” a spokesman for the area’s largest banking chain said.