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.
“We’re doing everything we can to mitigate the risk, but banking is risk,” said Jay Davidson, founder and CEO.
WorldRemit’s Denver office is at 600 17th St.
Personal Capital leases 31,248 square feet at 1099 18th St. and has 159 employees in Denver.
Chase Bank already operates at the corner, which is anchored by a Walmart Supercenter.
The financial institution’s current headquarters are by the I-25/Colorado Boulevard interchange.