The Best Banks in Colorado for 2023


Colorado has dozens of homegrown banks serving each and every nook of the state. It additionally hosts masses of branches operated by means of regional and nationwide banks, together with most of the largest banks within the United States.

So when you’re on the lookout for a brand new financial institution in Colorado, you could have quite a lot of possible choices. 

Not that any Colorado financial institution will do, after all. We’ve made the duty a lot more straightforward by means of comparing the highest banks within the state and narrowing down our listing of the easiest. You can’t pass fallacious with any of the establishments on this lineup — financial institution on it.

The Best Banks in Colorado

These banks are the most productive FDIC-insured client and small-business monetary establishments with operations in Colorado. Many are founded in Colorado, and all have bodily branches someplace within the Centennial State.

Best Overall: U.S. Bank

  • Headquarters: Minneapolis, Minnesota
  • Number of Branches in Colorado: 90+
  • Areas Served: Statewide

Yes, our pick out for perfect financial institution in Colorado isn’t if truth be told founded in Colorado. But it would as neatly be. With only a few exceptions, U.S. Bank has extra department and ATM places than some other financial institution within the state. 

Even extra necessary in an unlimited state like Colorado is how complete its protection is. While the vast majority of U.S. Bank branches cluster in Denver and the wider Front Range area, the place maximum Coloradans are living, U.S. Bank has many outposts in additional in moderation populated mountain spaces and within the agricultural Western Slope area focused on Grand Junction.

In phrases of services and products, U.S. Bank is 2nd to none. Major promoting issues come with:

Best Bank in Denver: First Citizens Bank

First Citizens Bank Logo

  • Headquarters: Raleigh, North Carolina
  • Number of Branches in Colorado: 6
  • Areas Served: Greater Denver

First Citizens Bank isn’t founded in Colorado both, and its presence within the state is in truth beautiful small. But what presence it does have is laser-focused on Denver and its suburbs. And it {couples} a complete product and repair lineup (together with intensive wealth control services and products) with a name for high quality provider that still earned it a place on our listing of the most productive banks in California.

Put all of it in combination and it’s greater than sufficient to make First Citizens our pick out for perfect financial institution in Denver. 

First Citizens’ Denver places come with:

  • Denver right kind (Cherry Creek group)
  • Denver Technology Center (Greenwood Village)
  • Westminster (a hundred and twentieth Ave)
  • Englewood (Zenith Meridian Drive)
  • Boulder (twenty eighth Street & Arapahoe)

Best Bank in Colorado Springs: Bank of Colorado

Bank Of Colorado Logo

  • Headquarters: Fort Collins, Colorado
  • Number of Branches in Colorado: 50+
  • Areas Served: Statewide

Bank of Colorado lives as much as its identify. Its geographical protection is 2nd to none amongst homegrown Colorado banks, and regardless that it’s headquartered in Fort Collins, it kind of feels to have a cushy spot in its middle for the Colorado Springs group and the tens of 1000’s of U.S. provider participants who name it house. 

You can to find Bank of Colorado branches and ATMs in downtown Colorado Springs (N Tejon Street), at UC Health Memorial Hospital, at Children’s Hospital Colorado, close to the Colorado Springs Airport and Peterson Space Force Base (E Edison Avenue), and close to the U.S. Air Force Academy (Interquest Parkway).

Like First Citizens, Bank of Colorado gives full-spectrum deposit and lending provider: checking, financial savings, cash markets, CDs, bank cards, actual property loans (together with building loans), auto loans, and extra. Which makes it very sexy for the numerous out-of-state transplants who relocate to Colorado Springs — incessantly during army provider — and want complete in-state banking to cause them to really Feel at house. 

Best Bank within the Front Range: FirstBank

Firstbank Logo

  • Headquarters: Lakewood, Colorado
  • Number of Branches in Colorado: 87
  • Areas Served: Front Range, northern mountain communities

FirstBank (incessantly stylized as 1stBank) has a dense community of branches and ATMs within the populous Front Range area. From Denver to Boulder to Greeley to Fort Collins, you’re by no means various miles from a FirstBank outpost. And when you’re some of the many Front Rangers who get away to the mountains each time you’ll be able to, FirstBank has very good protection in prime nation communities like Aspen, Vail, Steamboat Springs, and Avon.

Beyond its complete protection, FirstBank sticks out with spectacular yields on financial savings merchandise, particularly CDs. It additionally caters to actual property traders with quite a lot of much less not unusual actual property loans and hands-on provider for 1031 exchanges, which is able to dramatically cut back or do away with capital positive factors taxes on non-owner-occupied houses.

Best Community Bank: High Country Bank

High Country Bank Logo

  • Headquarters: Salida, Colorado
  • Number of Branches in Colorado: 5
  • Areas Served: Salida, Canon City, Buena Vista, Longmont

High Country Bank is the smallest Colorado financial institution in this listing, however its product and repair lineup is spectacular nevertheless. 

High Country Bank’s non-public banking department gives a couple of unfastened or cheap checking and financial savings choices, taxable and IRA CDs, bank cards, and actual property loans — together with vacant land loans, which can be in prime call for in rural Colorado. Its enterprise banking department gives business checking and financial savings accounts, business apparatus loans, business actual property loans, and normal business strains of credit score.

But what in reality units High Country aside is its involvement within the communities it serves. Most banks donate to charity; High Country actively comes to every department in native organizations that make a distinction and encourages staff to get out and volunteer. Bottom line: It’s simple to be ok with doing enterprise with High Country Bank.

Best Small-Business Bank: Alpine Bank

Alpine Bank Logo

  • Headquarters: Glenwood Springs, Colorado
  • Number of Branches in Colorado: 39
  • Areas Served: Statewide

Alpine Bank is any other rural-focused Colorado Bank that’s deeply concerned within the communities it serves and in track with its consumers’ wishes (land loans also are a scorching price ticket right here).

Alpine Bank has extra branches than High Country Bank, overlaying huge swathes of the Rocky Mountains and Western Slope. It’s extra targeting small-business purchasers as neatly, with an energetic enterprise lending division that may accommodate:

  • General small-business loans with customized compensation phrases — for running capital, apparatus, facility enhancements, stock, automobile fleets, and industry-specific wishes (similar to scientific apparatus)
  • SBA loans 
  • Commercial assets loans (acquire, refinance, or building)
  • Business credit score strains as much as $50,000
  • Business bank cards with versatile rewards and worker card controls 

So when you run a Colorado-based enterprise, or one making plans a ramification into the Centennial State, make Alpine Bank your first name.

Best for Technology: Chase Bank

Chase Logo

  • Headquarters: New York, New York
  • Number of Branches in Colorado: 130
  • Areas Served: Mostly within the Front Range with scattered places within the northern mountains

Chase Bank isn’t founded in Colorado or any place close to it, but it surely does have over 100 branches around the state — greater than some other financial institution in this listing. It additionally has the most productive technological footprint of any financial institution in this listing (of near to any financial institution, in truth), because of this the ones branches are much less and not more necessary for many consumers’ on a regular basis banking wishes.

It’s imaginable because of the Chase Mobile app, which permits super-fast cellular test deposit, person-to-person cash transfers (via Zelle), and card control (together with immediate card locking and unlocking). Those features pair with monetary making plans and wellness gear like:

  • Budget Planner, a spend monitoring and making plans characteristic
  • Credit Journey, which tracks your growth against higher credit score and provides guidelines alongside the best way
  • My Chase Plan, a bank card pay-over-time plan with a hard and fast per month commission moderately than pastime

Will you ever wish to set foot in a financial institution department once more when you financial institution with Chase? Never say by no means. But you gained’t must drop by means of each and every week, that’s evidently.

Methodology: How We Select the Best Banks in Colorado

We believe six key elements when deciding on the most productive banks in a selected state. For Colorado, we pay explicit consideration to generation, geographical protection, get right of entry to, customer support and delight, product availability, and charges.

Customer Service and Satisfaction

Newsflash: You must like your financial institution. Maybe now not like it, however you indubitably shouldn’t dread strolling right into a department or calling customer support. So we give choice to banks with prime buyer delight rankings and powerful customer support groups that perform in department, on-line, and in native name facilities.

Technology and Accessibility

Mountainous Colorado is known for harsh wintry weather climate that renders complete swathes of the state inaccessible for days or even weeks at a time. Longtime Coloradans are used to the inconvenience, however that doesn’t imply they may be able to keep away from interacting with their banks throughout the lengthy snow season. 

That’s why we want Colorado banks with tough cellular and on-line banking interfaces. We imagine you must be capable of do absolutely anything bank-related on-line, and these kind of establishments trust us.

Product Lineup

No topic the place they’re situated, nice banks have a tendency to be complete. They don’t focus on one or two merchandise simplest, however in all kinds of deposit accounts and mortgage varieties. Our listing of the most productive banks in Colorado displays this.

Rates and Yields

Loan rates of interest and deposit account yields exchange always, as somebody who follows the Federal Reserve’s rate of interest coverage is aware of. Still, banks generally tend to get right into a groove the place they’re both forward of the pack — providing low rates of interest and prime financial savings yields — or at the back of. 

We like banks that keep forward of the pack — no wonder there. Our listing displays this.

ATM Access

Good banks have loads of their very own fee-free ATMs scattered throughout their industry spaces or belong to wider ATM networks with tens of 1000’s of machines around the United States. Generally, each. We compiled this listing accordingly.

Areas Served

Colorado nonetheless has many small monetary establishments that experience only some branches in a single space or any other. But all else being equivalent, broader protection is healthier. So with out utterly writing off Colorado’s small group banks, we give choice to banks that perform throughout wider geographies (even supposing restricted to Colorado).

Colorado Banking FAQs

If you continue to have questions concerning the banking {industry} in Colorado, we have now (some) solutions.

How Many Banks Are Based in Colorado?

There are 66 FDIC-insured banks founded in Colorado, in step with our rely of the selection of banks in every U.S. state. This is ready moderate for a state of Colorado’s dimension.

The selection of banks in Colorado was once a lot upper. Like different states, in particular the ones with longstanding agricultural and extractive industries, Colorado’s banking {industry} has observed a large number of consolidation for the reason that Eighties. 

Most Colorado banks are headquartered within the Front Range area, focused on Denver. However, quite a few group banks stay anchored in smaller cities within the Eastern Plains, central mountains, and Western Slope areas.

What Is the Best Bank for Savings in Colorado?

There’s no very best solution to this query, sadly. Savings charges exchange always, and whilst some Colorado banks all the time appear to have higher yields on financial savings and CDs than others, the fitting order adjustments incessantly.

For persistently prime yields to your financial savings, glance to on-line banks that serve consumers in Colorado, whether they’re in truth headquartered right here. Because they’ve decrease overhead bills than conventional brick-and-mortar banks, they have a tendency to pay higher rates of interest on financial savings accounts.

What Is the Best Bank for Mortgages in Colorado?

Again, there’s no transparent winner right here. And once more, our most likely unsatisfying solution goes to be: Look on-line. Direct loan lenders with out bodily department places of work most often have the most productive loan charges, all else being equivalent.

There are exceptions to this rule, then again. Many conventional banks (together with group banks) be offering vital charge reductions and shutting price reductions for purchasers with preexisting relationships. These advantages generally tend to get extra beneficiant as the connection grows. Your financial institution can do much more for you when you’ve got $500,000 with them than $500.

Likewise, nationwide loan lenders that do have department places of work can nonetheless compete with on-line lenders. Whether they beat Colorado banks’ courting gives is any other query.

What Is the Best Bank for Free Checking in Colorado?

Most of the banks in this listing be offering no less than one unfastened bank account. Failing that, they make it simple to waive checking charges by means of assembly a minimal steadiness or direct deposit requirement every commentary cycle.

So the solution to this query is “none, as a result of there are such a large amount of that go the unfastened checking take a look at.”

How to Choose a Bank in Colorado

Let’s put all of it in combination and assessment what you must take into consideration as you select your new Colorado financial institution. In our opinion, the standards you completely should believe come with: 

  • Account and Service Fees: Unless you like paying financial institution charges, search for Colorado banks that supply unfastened deposit accounts and bank cards with out annual charges. If the most productive banks to your wishes don’t have unfastened checking accounts, give choice to these with checking accounts that make it simple to waive upkeep charges by means of assembly minimal steadiness or direct deposit necessities.
  • Coverage and Access: Never say by no means. Even when you do maximum of your banking to your telephone and infrequently if ever use money, there may just come an afternoon when you want to hit the ATM or talk with a banker in user. When that occurs, you’ll be thankful to have a close-by financial institution department or ATM. 
  • Personal Service and Customer Satisfaction: Parse banks’ said commitments to customer support very moderately. Everyone can pay lip provider to the theory, however fairly few Colorado banks in truth observe via. If that is necessary to you, make a choice a financial institution that’s actually loved by means of its consumers, whether or not it’s a small group financial institution or a regional financial institution with a large middle.
  • Deposit Account Options: Why juggle a couple of banking relationships when you’ll be able to have one for your entire wishes? Look for Colorado banks with intensive product lineups, from checking accounts to financial savings accounts to cash marketplace accounts to CDs and past. 
  • Credit Options: You’ll virtually indubitably wish to follow for credit score one day on your lifestyles, whether or not it’s a bank card, automotive mortgage, or loan (or the entire above). Make your lifestyles more straightforward when that point comes by means of opting for a financial institution with a pleasing credit score product lineup now and organising a courting that might earn you favorable charges or perks to your mortgage or credit score line.
  • Technology: Mobile and on-line banking are not “great to haves” for many banking consumers. They’re necessities, particularly when you are living in far-flung mountain cities that get snowed in for weeks on finish. Choose your financial institution accordingly.

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