FirstBank CEO, pres­i­dent an­nounce re­tire­ments

The Denver Post - - BUSINESS - By Em­i­lie Rusch

FirstBank is ush­er­ing in the new year with new lead­er­ship af­ter its CEO and pres­i­dent an­nounced their re­tire­ments Thurs­day.

CEO John Ikard and pres­i­dent Dave Baker have led the pri­vately-held Lakewood-based bank — Colorado’s sec­ond­largest by de­posits — for the last 17 years.

A new lead­er­ship team — with newly elected CEO Jim Reuter at the helm — will take the reins Feb. 1. Reuter is cur­rently FirstBank’s chief op­er­at­ing of­fi­cer and an­other vet­eran of the bank, hav­ing be­gun his ca­reer there in 1987.

Ron Til­ton, re­gional pres­i­dent for the bank’s Den­ver and Colorado moun­tain mar­kets, has been ap­pointed pres­i­dent. Emily Robin­son, re­gional pres­i­dent of the North­west Den­ver and Cal­i­for­nia mar­kets, will suc­ceed Reuter as COO, the board of di­rec­tors an­nounced Thurs­day.

“It has been an honor to lead FirstBank as CEO and be an ac­tive leader in the com­mu­nity, but there is a time and sea­son for ev­ery­thing,” Ikard said in a state­ment. “I am truly con­fi­dent as Dave and I pass the reins to the new lead­er­ship team they will con­tinue to build on the success FirstBank has ex­pe­ri­enced over the past 53 years.”

Ikard and Baker will re­main on the bank’s board af­ter re­tire­ment. The two spent their ca­reers — 35 years — work­ing for FirstBank.

“FirstBank is an out­stand­ing com­pany with tal­ented em­ploy­ees and these man­age­ment changes will en­able us to con­tinue be­ing a premier bank in Colorado,” Baker said in a state­ment. “Sev­en­teen years is a long time to lead an or­ga­ni­za­tion and we’re ready to pass the ba­ton to our col­leagues, who’ve al­ready made sub­stan­tial im­pacts on FirstBank’s fi­nan­cial per­for­mance and com­mu­nity in­volve­ment ef­forts.”

The bank will close 2016 with “record growth and earn­ings,” board chair­man Larry Hauser­man said.

“Jim’s ex­pe­ri­ence adapt­ing and guid­ing tech­nol­ogy in­no­va­tions for the bank, in a quickly evolv­ing in­dus­try, makes him a nat­u­ral choice for CEO,” Hauser­man said in a state­ment. “We know with Jim at the helm, FirstBank will con­tinue to be a suc­cess­ful or­ga­ni­za­tion that val­ues its cus­tomers and com­mu­ni­ties.”

Founded in 1963, FirstBank has grown in the years since to be­come Colorado’s sec­ond-largest bank by de­posits. With more than 120 lo­ca­tions in Colorado, Ari­zona and Cal­i­for­nia, it re­ported to­tal as­sets of $16.6 bil­lion in the third quar­ter, an in­crease of 10.4 per­cent year over year.

Karl Gehring, Den­ver Post file

Dave Baker, left, and John Ikard have led Lakewood-based FirstBank for 17 years and will re­main on the bank’s board af­ter they re­tire this win­ter.

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