InBank Appoints Veteran Executive Michael Katz as Chief Credit Officer

On January 25, 2024, InBank, a commercial bank with a growing presence in the Colorado Front Range, southern Colorado, and northern New Mexico, announced the appointment of Michael Katz as Chief Credit Officer. Katz, an experienced banker with 30 years of service in financial institutions, has previously held the role of Market President for KeyBank Colorado. His primary role at InBank will involve overseeing the company’s credit approval and credit administration culture and protocols.

Ed Francis, Chairman and CEO of InBank, expressed his confidence in Katz, citing his extensive experience in Commercial and Industrial (C&I) lending and longevity in the Denver Metro Area. Francis asserts that Katz’s addition will strengthen the InBank executive team and position the bank advantageously amid uncertain market conditions and potential disruptions.

Katz also conveyed excitement at joining InBank and asserted the bank’s poised growth potential along the 1-25 corridor from Northern Colorado to New Mexico. As Chief Credit Officer, he anticipates enabling further growth, meeting business owners’ needs in their markets, and contributing to an innovative, collaborative, and dedicated culture within InBank.

InBank, a wholly-owned subsidiary of InBankshares, Corp (OTCQX:INBC), serves as an independent commercial bank located in Colorado. The institution, which prides itself on localized decision-making, personalized service, and sophisticated technology, had reported total assets worth $1.29 billion as of December 31, 2023. The bank provides end-to-end commercial, personal, business, and private banking solutions. It is driven by an entrepreneurial spirit and is powered by an experienced team of banking professionals who are committed to making a positive impact in their customers’ lives and within their communities.

In its forward-looking statements, InBank has warned that some of its plans could be subject to various significant and uncontrollable risks. These plans might not come to fruition as expected, and the bank does not obligate itself to update any forward-looking statement after its release, barring any legal obligations.

Source: Press Release