Community Banks of Colorado to close both Tracy branches
by Sam Matthews
Oct 04, 2013 | 4293 views | 1 1 comments | 28 28 recommendations | email to a friend | print
The building at the northwest corner of 10th Street and Central Avenue in downtown Tracy has been the home of a financial institution since 1985. That will end Dec. 31, when Community Banks of Colorado closes its two Tracy offices, the downtown location and the one on Grant Line Road.  Sam Matthews/Tracy Press
The building at the northwest corner of 10th Street and Central Avenue in downtown Tracy has been the home of a financial institution since 1985. That will end Dec. 31, when Community Banks of Colorado closes its two Tracy offices, the downtown location and the one on Grant Line Road. Sam Matthews/Tracy Press
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The two Community Banks of Colorado offices in Tracy will close Dec. 31, company officials have announced.

Customers at the office at 10th Street and Central Avenue in downtown Tracy and at 2140 W. Grant Line Road were notified of the closings in a letter mailed Monday.

Patrick Sobers, executive vice president of consumer banking for the firm based in Kansas City, Mo., said in the letter, the bank’s owners have decided to concentrate on their core area in Colorado.

In addition to the two Tracy offices, Community Banks of Colorado branches in Lathrop and Sacramento also will be closed at the end of the year, ending the bank’s presence in California, he said.

Noemie Oliveira, a Tracy resident who is bank vice president in charge of the four California offices, said the closings will affect seven employees in Tracy — four downtown and three at the Grant Line Road office.

There have been no announcements about what the bank plans to do with its downtown building, which it owns, and the Grant Line office, which it leases.

The downtown office, which includes a basement and mezzanine in addition to the main floor, has been the location of a financial institution for nearly three decades.

Originally, it was home of Tracy Savings & Loan Association, which was opened in 1983 by local investors. Its office was moved from temporary quarters on East 10th Street into the remodeled former Turner Hardware building in 1985.

Within a decade, the association received a federal charter and was renamed Tracy Federal Bank.

After the bank was purchased by Community Banks of Colorado in the mid-90s, its name became Community Banks of Tracy and then Community Banks of Northern California while remaining a subsidiary of the Colorado bank.

Community Banks of Colorado was taken over by the FDIC in 2011 and immediately arranged its sale to what is now National Bank Holdings Corp. of Kansas City.

Although the Community Banks of Northern California name remains on the bank’s Tracy offices, they have operated for the past two years under the name of Community Banks of Colorado.

In addition to closing the California offices, the holding company is merging 32 limited-service retirement community offices into its main banking network.

With the changes, National Bank Holdings Corp will have 97 branches operating under three names in Colorado, Kansas, Missouri and Texas.

When told of the Tracy bank office closing, Gene Birk, founder and original president of Tracy Savings & Loan Association, said he was saddened to see the ending of a local presence for successors to the original financial institution.

• Contact Sam Matthews at 830-4234 or shm@tracypress.com.

 
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lisamac17
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October 15, 2013
This is my bank and it saddens me. I will keep my accounts here but will also need to find a new bank for when I have checks to deposit. I'm moving to Colorado in 5 years, so that's why I'm keeping it. It is sad to see it go, because I really enjoyed the personal attention received from the local bank.


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