Bailout Bank Bio: CoBiz Financial

May 13, 2009 | 2 min read | Print Article

CoBiz Financial Inc. (CoBiz) is a financial holding company headquartered in Denver, Colorado. The Company’s wholly owned subsidiary CoBiz Bank (the Bank) is a full-service business banking institution serving two markets, Colorado and Arizona. In Colorado, the Bank operates under the name Colorado Business Bank and has 12 locations, including eight in the Denver metropolitan area, two in Boulder and two in the Vail area. In Arizona, the Bank operates under the name Arizona Business Bank and has seven locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County.

In December CoBiz announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $64.45 million from Treasury in exchange for preferred stock and warrants.

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Bailout Bank Bio: CoBiz Financial


Federal Equity Investment	$64.4 million
Total Revenue	$182.799 million
Net Income	$223.024 million
Number of Employees	539
Corporate Headquarters	Denver, Colorado
Business Sector	Bank
Officers and Directors	Bangert, Steven, Chairman of the Board, Chief Executive Officer Other Officers and Directors
Corporate Website	www.cobizfinancial.com/
Executive Compensation	CoBiz Financial