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Platte Valley Companies announces new acquisition

Platte Valley Companies announces new acquisition
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Scottsbluff based Platte Valley Companies continues to grow, after entering an agreement to acquire a Colorado-based bank.

Today, PVC President/ CEO Hod Kosman announced that PVC’s Mountain Valley Bank has entered into a definitive agreement to acquire the Steamboat Springs, CO branch of Citywide Banks.

Platte Valley Companies already has a strong presence in Colorado, with Mountain Valley bank branches in Steamboat Springs, Walden, Meeker and Hayden. Kosman says they are excited to add an additional full service location in the Steamboat Springs area, which will allow us to better serve their growing Colorado customer base.

All current Citywide Bank employees in Steamboat Springs have been offered employment with Mountain Valley Bank, and the transaction is expected to close by the 2nd quarter of 2019.

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