M&A

International Bank Changes Name to InBank



We are proud to carry on the legacy of International Bank, which was founded by Mr. DiLisio on the notion of inclusivity. Today, the InBank name represents that same idea of inclusion and trusted relationships with our customers.



DENVER (PRWEB)
April 08, 2019

International Bank and its holding company, InBankshares, Corp. (“InBankshares”), announces that the bank’s name has changed to InBank. The new name reflects the 100-year legacy of International Bank with a modern vision for the future as the bank implements its robust growth strategy in the Denver Metro Area and legacy markets.

International Bank was established in Raton, N.M. on April 9, 1918 by Joe DiLisio, a young Italian immigrant, to meet the needs of business owners and individuals in the community who had immigrated from 28 different countries. In June of 2018, the bank was purchased by a group of seasoned banking executives and today operates seven branches throughout northern New Mexico and Colorado as InBank.

“We are proud to carry on the legacy of International Bank, which was founded by Mr. DiLisio on the notion of inclusivity. Today, the InBank name represents that same idea of inclusion and trusted relationships with our customers,” says Ed Francis, CEO, InBank and InBankshares. “As we celebrate the 101 birthday of the bank this week, we intend to carry on the entrepreneurial spirit that the bank was founded on and live out our mission to positively impact the lives of our customers, communities and associates as a relationship-driven community bank.”

InBank’s executive management team, which combines over 150 years of expertise in community and regional banking, includes Edward Francis as Chief Executive Officer, Dennis Santistevan as Chief Financial Officer/Chief Operating Officer, David Brown as Chief Risk Officer and Jeff Huckabee as Chief Information Officer. The management team also includes a team of senior commercial and private bankers with deep roots in the Denver Metro Area business community and legacy markets.

“We are differentiating ourselves from other banks in the marketplace as we blend our rich history with an energetic and talented team of bankers who have made a personal financial investment into our organization,” says Francis. “Our bankers understand what its like to be an owner of a business and are committed to delivering personalized service to customers with a sharp focus on certainty of execution. This value proposition is resonating loudly with business owners who continue to be affected by the consolidation of their community banks and is what separates us from the larger regional and national banks. Our ability to offer sound advice and prompt decisions provides incredible value for our customers and a tremendous opportunity for InBank to position itself as the go-to commercial and private bank in Colorado and New Mexico.”

About InBank

InBank is a community bank serving the Denver Metro Area, southern Colorado and northern New Mexico. Established as International Bank in 1918, the bank was founded by a young Italian immigrant and built upon the entrepreneurial spirit. With a modern vision for the next 100 years, InBank is committed to delivering a new generation of personalized banking services and to the mission of positively impacting the lives of our customers, communities and associates. For more information, visit http://www.InBank.com.

About InBankshares, Corp.

InBankshares, Corp is a newly established and well-capitalized bank holding company led by Edward Francis, a 30-year bank industry veteran, and a team of deeply experienced banking executives. InBankshares is the holding company for InBank, a community bank with locations throughout Colorado and northern New Mexico.

Forward-Looking Statements

This press release contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements preceded by, followed by, or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of InBankshares’ management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond InBankshares’ control). Although InBankshares believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, InBankshares can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by InBankshares or any person that the future events, plans, or expectations contemplated by InBankshares will be achieved.

All subsequent written and oral forward-looking statements attributable to InBankshares or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. InBankshares does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

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Equal Housing Lender


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Prakash Poojary
Business Analyst

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