Fast-growing Encore Bank enters Colorado market

Little Rock-based Encore Bank announced Friday (April 29) an expansion to the Denver, Co. market.

In a news release, the company named Josh Peebles executive vice president and regional president to lead the new market.

“We are proud to expand our footprint into the Denver market with Josh as our regional president for Colorado,” vice chairman and chief banking officer Phillip Jett said in a statement “The Denver area is an attractive, high-growth market with a diverse economy, and Josh is the kind of transformative leader we look for when expanding into new markets.

“He is not only a talented, experienced banker, but he also has a proven track record of building highly effective teams and developing strong relationships with clients.”

Peebles has nearly 20 years of banking experience, almost all of it in the Denver market. His experience includes frontline operations, treasury management and lending. Before joining Encore Bank, Peebles spent more than eight years at the Collegiate Peaks Bank Division of Glacier Bank. He most recently was the bank’s director of commercial banking and chief lending officer. Peebles has a bachelor’s degree in finance from Metropolitan State University of Denver.

“I am excited to join Encore Bank and introduce the bank’s unprecedented level of service to the Denver market,” Peebles said in the release. “From their unique culture and amazing people to their innovative and concierge approach to banking, Encore Bank is truly building something different, as they say. I look forward to bringing top talent to my team and building the Encore brand in Colorado.”

Encore Bank launched in 2019 and now operates in 19 markets across eight states. According to the FDIC, as of Dec. 31, Encore Bank had assets of $1.63 billion. That’s up 95% from the same date in 2020.