A duo of First National Bank of Wyoming branches in Cheyenne and Laramie were rechartered from national to state and renamed last week to ring in the new year.
The branches, owned by First Capital West Bankshares Inc., a Wyoming-based corporation, unified and rechartered along with the Fort Collins bank to begin operating as Capital West Bank on Dec. 31. The bank's ownership and management team remain the same.
"Our building signs will change and customers will notice an updated logo, but we want to assure them that this will not affect the service and personal relationships that they value at their community bank," said Kelso Kelly, president and CEO of the bank.
Earlier this year, Capital West came out from under the scrutiny
it had faced from the Federal Deposit Insurance Corp. and other regulatory bodies.
The bank is the latest of six in Wyoming to recharter from national to state recently, a trend that banks hope shift them away from federal bureaucracy, regulations and costs. Some bank officials have said it is cheaper and simpler to run under a state charter.
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