LAKEWOOD, Colo., Oct. 30, 2013 (GLOBE NEWSWIRE) -- Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that approval was granted from the Office of the Comptroller of the Currency to open a full-service branch in the Cherry Creek neighborhood at 101 University Boulevard in Denver. This new branch, together with the Boulder full-service branch, are targeted to open in the first quarter of 2014, which will bring Solera National Bank to three full-service banking facilities and four loan production offices in South Denver, Durango, Colorado Springs North and Colorado Springs Downtown. In addition to traditional banking services, this new office will also be home to Solera's Residential Mortgage Division and several key Solera staff positions.
"We are excited about continuing our aggressive growth initiative with the Cherry Creek location, especially on the heels of our recent Boulder announcement. Cherry Creek is a prime market and remains a key economic center of Denver. We expect to generate solid core deposits, build commercial relationships, deepen our residential mortgage penetration and demonstrate our intention of being one of the premier community banks that drives diverse economic growth in Colorado," said John P. Carmichael, President and Chief Executive Officer.
This will be Solera National Bank's second branch expansion since the opening of its main office at 319 South Sheridan Boulevard in Lakewood, Colorado in 2007.Cherry Creek and surrounding neighborhoods are some of the most desirable residential areas in Denver. There are 90,000 multi-modal trips along 1 st Avenue and private investment in Cherry Creek over the past decade has positioned it as a major economic generator for the City of Denver. Cherry Creek also offers a wide variety of employment opportunities, resulting in over 14,500 jobs. About Solera National Bancorp, Inc. Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank which opened for business on September 10, 2007. Solera National Bank is a high-touch, high-tech community bank with a focus on delivering personalized customer service that is welcoming, inclusive and respectful to small and medium-sized businesses, with particular emphasis on the Hispanic market. By serving emerging businesses that are leading growth in their respective communities, Solera envisions a growing and diverse Colorado economy. For more information, visit http://www.solerabank.com .
CONTACT: SOLERA NATIONAL BANK JOHN P. CARMICHAEL, PRESIDENT & CEO (303) 937-6422 ROBERT J. FENTON, EVP & CFO (303) 202-0933 The Cereghino Group IR CONTACT: 206-388-5785
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