For now, the market share is similarly distributed to years past, with a community bank taking the top spot in Larimer County and the second spot in Weld County. First National Bank of Omaha reigns over Larimer County with more than 21 percent of the market share, while Wells Fargo holds just over 16 percent of Weld's market, making it the top ranking bank by deposits.
In second place in Weld County is Bank of Choice, an institution going through some significant changes. In July 2011, Bank of Choice was purchased out of insolvency by a holding company now named National Bank Holdings Corp, which then acquired Greenwood Village-based Community Banks of Colorado.
Today, Bank of Choice and Community Banks of Colorado are sister banks and NBH is planning an initial public offering. The holding company is also moving its headquarters from Boston to Denver later in 2012.
Lending is slowly creeping up for local banks, signifying a slow recovery from the depths of the recession. Banks are also becoming more cost-efficient, both by making large-scale cuts, such as vacating branches that aren't performing their best, or by paying attention to details, like printing on both side of paper to save money.