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Points West Community Bank
Acquires Deposits and Assets of Former Signature Bank
Press Release:
Windsor, CO., July 8, 2011: Points West Community Bank (Points West) announced today that it has entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC) as receiver for Signature Bank, Windsor, Colorado, effective 5:30 pm today. According to the terms of the agreement, Point West will acquire all deposits and substantially all of the assets of Signature Bank. All deposits are being assumed by Points West with no losses to any depositor. The two Windsor branches located at 355 Eastman Park Drive and 805 Compassion Drive within the Good Samaritan Senior Living Facility as well as Greeley branch located at 6801 West 20th Street will reopen during normal hours as offices of Points West.
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As a true community bank, our promise is to provide customers with the best personal service and a wide range of quality bank products. We offer commercial banking, personal banking, free on-line banking and free bill pay services for both personal and business use.
Being locally owned and managed gives us the ability to make decisions quickly and to provide more customized products and services. Also, because we do not have the big overhead of other banks, we can pass the savings on to our customers.
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