New bank will soon get charter |

New bank will soon get charter

Community Banks, Aspen will become an independently chartered bank this fall, less than a year after it opened in December 1998.

Founded on the promise of returning banking to its roots as a neighborhood institution, the bank will soon be able to establish a board of directors with local decision-making powers.

To facilitate the charter process, Community Banks, Aspen will acquire an available charter – one presently held by an affiliate bank in Del Norte – in October. When procured, the bank, located on North Mill Street, will change its name from “Community Banks, Aspen” to “Community Bank.”

The charter also allows Community Banks, Aspen to open branches.

“We plan to have operations throughout the Roaring Fork

Valley in order to better serve the needs of valley residents,” said Howie Mallory, Community Banks, Aspen president.

“We are providing an alternative to the hassles of corporate banking. Our customers’ needs are handled personally by local people.”

Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User