a subsidiary of
in its acquisition of
Walden, Colorado-based Mountain Valley Bank (“MVB”), a subsidiary of Scottsbluff, Nebraska-based Platte Valley Financial Service Companies, Inc., announced it has entered into a definitive agreement to acquire Cache Bank & Trust, a community bank located in Greeley and Fort Collins, Colorado.
The agreement has been approved by the Boards of Directors of both Mountain Valley Bank and Cache Bank & Trust and is subject to regulatory approval as well as customary closing conditions. Mountain Valley Bank will acquire Cache Bank & Trust and expand into the Front Range of Colorado through Cache’s two locations – adding to MVB’s current central Colorado branch footprint of five locations. The transaction is expected to close in Q4 2021.
“GLC Advisors was a wonderful partner and advisor in our transaction. Through every part of the process, GLC provided us with invaluable strategic guidance to achieve an outcome that best suited us. We are very pleased with the outcome and GLC’s M&A advice to get us there.”– Wade Gebhart, President, Mountain Valley Bank
|Mountain Valley Bank, based in Walden, Colorado, is a $330 million asset financial institution that offers loan and deposit products and services to both consumers and businesses in the Rocky Mountain region. Mountain Valley Bank serves its customers through its locations in Steamboat Springs, Hayden, Meeker, and Walden, Colorado. Mountain Valley Bank is the subsidiary of Platte Valley Financial Service Companies, Inc., a $1.8 billion asset financial institution headquartered in Scottsbluff, Nebraska and serves banking customers within western Nebraska, southeastern Wyoming, and northern Colorado through its banking subsidiaries. More information on MVB is available at www.bankmvb.com.|
Cache Bank & Trust, based in Greeley, Colorado, is a $115 million asset financial institution offering consumer and business banking products and services through two branches located in Greeley and Fort Collins, Colorado. More information on Cache Bank & Trust is available at www.cachebankandtrust.com.
|GLC Financial Services Team|
GLC’s Denver-based Financial Services Team has 35+ years of collective M&A experience in the Financial Services Industry while completing 80+ successful transactions and financing engagements and 90+ valuations and strategic advisory assignments. The team has been consistently ranked as one of the most active M&A groups in the nation by S&P Global MI and frequently speaks at industry conferences and conventions.
Adam Fiedor / Managing Director
Adam.Fiedor@glca.com / 303.479.3845
Michael Richter / Managing Director
Michael.Richter@glca.com / 303.479.3844
Michael Fleschner / Vice President
Michael.Fleschner@glca.com / 303.479.3846
GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.www.glcllc.com.
GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.