Colorado Business Bank Announces New Vail President

DENVER, May 22, 2013 /PRNewswire/ -- Colorado Business Bank announced that Robert Verratti has been hired as president of Colorado Business Bank – Vail. Verratti has more than 20 years of financial services experience focused on business development, underwriting, as well as portfolio and team management.

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"We are pleased to welcome another outstanding professional to our company," said Scott Page, Colorado Business Bank market president. "Rob's strong business development background will allow us to take advantage of the returning growth opportunities in the Vail Valley while his considerable knowledge of real estate lending extends our already strong expertise in that area."

Prior to joining Colorado Business Bank, Verratti served as market president – commercial banking for Guaranty Bank and Trust in Denver. He has served as director of acquisitions for Charlestown Investments, LLC and acquisitions manager for Kennedy Wilson in Beverly Hills, CA. Locally, Rob was a senior vice president and senior credit officer for WestStar Bank in Avon, Colo. Verratti began his banking career at Wells Fargo Bank in Los Angeles.

Verratti received his bachelor's degree in economics from Franklin and Marshall College in Pennsylvania. He currently is a fellow in the American Leadership Institute and has served on the boards of the Exempla Lutheran Medical Foundation and the Eagle Ranch Association. Additionally, Rob has been coaching boys' lacrosse in the Vail Valley for eight years.

Colorado Business Bank is a full-service commercial banking institution that offers a broad range of sophisticated banking services to a targeted customer base of professionals and small to medium-sized businesses. The bank's parent company, CoBiz Financial (Nasdaq GS: COBZ), is a $2.6 billion financial holding company headquartered in Denver. The Company also provides wealth planning and investment management through CoBiz Wealth Management; property and casualty insurance brokerage and employee benefits through CoBiz Insurance; investment banking services through Green Manning & Bunch.

SOURCE Colorado Business Bank