The banking landscape in our primary markets of Colorado, Kansas and Missouri
is highly competitive and quite fragmented, with many small banks having
limited market share while the large out of state national and super-regional
banks control the majority of deposits and profitable banking relationships.
We compete actively with national, regional and local financial services
providers, including banks, thrifts, credit unions, mortgage bankers and
finance companies. Our largest banking competitors in the Kansas City MSA
are UMB, Commerce, US Bank, Bank of America, Valley View, Capitol Federal,
Central Bancompany, CCB Financial Corp, Enterprise Financial Services Corp,
and our largest competitors in Colorado are Wells Fargo, FirstBank, JPMorgan
Chase, U.S. Bank, Bank of the West, KeyBank, Alpine Bank, Compass Bank,
Vectra Bank and First National Bank of Colorado.
Competition among providers of financial products and services continues to
increase, with consumers having the opportunity to select from a growing
variety of traditional brick and mortar banks and nontraditional alternatives,
such as online banks. Competition among providers is based on many factors.
We believe the most important of these competitive factors that determine
success are our consumer bankers’ focus on knowing their individual clients
in order to best meet their financial needs and our commercial bankers’
focus on small- and medium-sized businesses with an advisory approach that
emphasizes understanding the client’s business and offering a complete array
of loan, deposit and treasury management products and services. The primary
factors driving commercial and consumer competition for loans and deposits
are interest rates, the fees charged, customer service levels and the range
of products and services offered. In addition, other competitive factors
include the location and hours of our branches and customer service
orientation of our employees.
We recognize that there are banks with which we compete that have greater
financial resources, access to more capital and higher lending capacity than
we do and offer a wider range of deposit and lending instruments than we do.
However, given our existing capital base, which should be enhanced as a result
of this offering, we expect to be able to meet the majority of small- to
medium-sized business and consumer credit needs. As of June 30, 2012, our
legal lending limit to any one customer was $131.8 million and our house limit
to any one customer was $30.0 million.
Company Description
National Bank Holdings Corporation is a bank holding company incorporated
in the State of Delaware in June 2009. In October 2009, we raised net proceeds
of approximately $974 million through a private offering of our common stock.
We are executing a strategy to create long-term stockholder value
through the
acquisition and operation of community banking franchises and other
complementary businesses in our targeted markets. We believe these markets
exhibit attractive demographic attributes, are home to a substantial number
of financial institutions, including troubled financial institutions, and
present favorable competitive dynamics, thereby offering long-term
opportunities for growth. Our emphasis is on creating meaningful market share
with strong revenues complemented by operational efficiencies that we believe
will produce attractive risk-adjusted returns.
We believe we have a disciplined approach to acquisitions, both in terms of
the selection of targets and the structuring of transactions, which has been
exhibited by our four acquisitions to date. As of June 30, 2012, we had
approximately $5.8 billion in assets, $4.5 billion in deposits and $1.1
billion in stockholders’ equity. We currently operate a network of 101
full-service banking centers, with the majority of those banking centers
located in the greater Kansas City region and Colorado. We believe that
our established presence positions us well for growth opportunities in our
current and complementary markets.
We have a management team consisting of experienced banking executives led
by President and Chief Executive Officer G. Timothy Laney. Mr. Laney brings
30 years of banking experience, 24 of which were at Bank of America in a
wide range of executive management roles, including serving on Bank of
America’s Management Operating Committee. In late 2007, Mr. Laney joined
Regions Financial as Senior Executive Vice President and Head of Business
Services. Mr. Laney leads our team of executives that have significant
experience in completing and integrating mergers and acquisitions and
operating banks. Additionally, our board of directors, led by Chairman
Frank Cahouet, the former Chairman, President and Chief Executive Officer
of Mellon Financial, is highly accomplished in the banking industry and
includes individuals with broad experience operating and working with banking
institutions, regulators and governance considerations.
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Our principal executive offices are located at 5570 DTC Parkway, Greenwood
Village, Colorado 80111. Our telephone number is (720) 529-3336. Our internet
address is www.nationalbankholdings.com.