Aspen Bancshares closes on acquisition of Valley National Bank of Cortez.ASPEN, Colo.--(BUSINESS WIRE)--June 19, 1996--Aspen Bancshares, Inc. (Nasdaq-NMS: ASBK) announced today that it closed on the acquisition of Val Cor Bancorporation, Inc. Aspen paid $10 million for all the outstanding shares Val Cor. Val Cor is the holding company for Valley National Bank of Cortez, Colo. At May 31, 1996, Valley National, Cortez's largest bank, had total assets of $72.9 million. Aspen Bancshares, Inc. is the parent company for the Pitkin County Bank and Trust, the largest bank headquartered in Aspen, and Centennial Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , the largest thrift thrift: see leadwort. located in western Colorado. Total assets at May 31, 1996 were $357.7 million. CONTACT: Aspen Bancshares, Aspen Charles B. Israel, (970) 925-6700 or The Levine Group, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Hal Levine/Marty Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , (212) 682-8875 |
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