We are very pleased to announce that our holding company, National Bank Holdings Corporation, has entered into a merger agreement to acquire Peoples, Inc. and its two bank subsidiaries, Peoples Bank and Peoples National Bank. The merger is subject to customary regulatory approvals, which we expect to receive this Fall.
For Hillcrest Bank, this means we are expanding into northern New Mexico to serve clients in Albuquerque and Taos. There are also mortgage sales and operations centers located in Phoenix, Arizona; San Diego, California; Las Vegas, Nevada and Salt Lake City, Utah. These locations will continue to focus exclusively on mortgage sales and service and will also operate under the Hillcrest name.
Please view our press release for additional details.
Stay tuned for much more information.