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Pueblo Bank & Trust Online Banking lets you bank when and where you want. Sign up today, it's quick and easy.
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| | | ABOUT PUEBLO BANK & TRUST
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| In an era when determination and hard work founded many a fortune, the Pueblo Savings Bank was formed. After finishing his first term as Colorado's governor, Alva Adams immediately jumped into business in Pueblo, the industrial capital of the state. Founded in a town deep in tradition and democratic values, Adams customers were primarily ranchers and miners who believed in the bank's firm commitment to personal and commercial trust. The bank has remained strong despite the flood of 1921, two World Wars, the Great Depression, and the expansion and deterioration of the steel mill.
With ambition and determination, the bank grew and prospered, changing locations to accommodate its rapid growth. Its name evolved to reflect the changes in its mission and expanded services. After the turn of the 20th century, the bank came to be known as Pueblo Savings & Trust Company. A half-century later, Pueblo was at its peak of economic times and the bank settled on its current name, the Pueblo Bank & Trust Company. In 1960, it settled at Fifth and Court streets where it remains today.
A great opportunity gave way in the banking industry when, in 1991, Colorado's state legislature permitted banks to expand by establishing branches in economically depressed areas in their original communities. It was with great ambition that the bank expanded to Canon City, Salida, Colorado Springs, Denver, and Leadville. Today, Pueblo Bank & Trust provides loans to many small businesses, actively reinvests in the community and participates in various downtown renewal projects and economic development programs. Under the direction of its current management, the bank has further redefined its mission for the present and future to include "prudent but aggressive practices that will accommodate the needs of the business community."
Unlike other banks of its size, Pueblo Bank & Trust remains independently owned. This allows the bank to focus its energy on each local Colorado market. It also allows for a more personal touch, such as immediate one-on-one interaction. The personal touch remains the bank's credo. For example, Pueblo Bank & Trust does not use automated attendant voicemail systems because it insists that when customers call, they should get a real person with real answers. Pueblo Bank & Trust can personalize its products to individual depositors and to the small businesses it serves. It is this same personal touch and these founding values that have translated into participation and support of local events such as the HARP Project and the Christmas Parade of Lights.
Through the commitment of local ownership and the bank's long history of providing solid, reliable products and services, the future of Pueblo Bank & Trust is secure. Demonstrating progressive and individualized service, Pueblo Bank & Trust will continue to be a leader of independent banks.
| Pueblo Bank and Trust |
| Statement of Condition |
| December 31, 2011 |
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| Assets |
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| Cash and Due from Depository Institutions |
$ 37,696,000 |
| Securities and Federal Funds Sold |
79,759,000 |
| Loans and Discounts - Net |
141,768,000 |
| Bank Premises, Furniture/Fixtures |
10,106,000 |
| Other Assets |
40,308,000 |
| TOTAL ASSETS |
$ 309,637,000 |
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| Liabilities and Capital |
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| Deposits |
$ 272,760,000 |
| Reserved for Taxes, Interests, Expenses |
1,643,000 |
| Other Liabilities |
1,300,000 |
| TOTAL LIABILITIES |
$ 275,703,000 |
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| Capital Stock |
1,250,000 |
| Surplus |
23,386,000 |
| Undivided Profits |
8,345,000 |
| Net Unrealized Gains (Losses) on Available-For- Sale Securities |
953,000 |
| TOTAL CAPITAL |
$ 33,934,000 |
| TOTAL LIABILITIES AND CAPITAL |
$ 309,637,000 |
BOARD OF DIRECTORS
Sam C. Brown, Jr
President - Mountain States Sheet Metal
Kerry D. Gladney
President- Pueblo Bearing Service
Bert Hartman
Farmer & Cattlefeeder
Michael Seppala
President & Chief Executive Officer
James H. Kirkland
Owner - Kirkland Construction
Thomas R. Welte
Vice President - Summit Brick & Tile
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OFFICERS & LENDERS
EXECUTIVE OFFICERS
Michael Seppala, President & Chief Executive Officer
Mary Lee Lobato, Executive Vice President, Chief Financial Officer
INFORMATION SYSTEMS
Kevin Piowaty, Vice President, Chief Information Officer
OPERATIONS
Rebecca Todero Goodman, Vice President, Operations
RETAIL SERVICES
Alice M. Otoupalik, Vice President, Retail Services
Lorraine Nolan, Vice President, Operations Services
LENDING SERVICESKim Bennett, Senior Lending Officer
Sharon L. Drake, Vice President, Pueblo Branch
Aaron Potts, Loan Officer, Pueblo Branch
Scott Thorson, Construction Funding Services/ Lending, Pueblo Branch
Michael T. White, Vice President of Consumer Lending
Bill Kerr, Commercial Lender, Canon City Branch
TRUST SERVICES
Gena McLaughlin, Vice President, Trust Officer
Linda K. Bulloch, Trust Officer |
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