The Broadmoor Capital Corporation announced today that it has struck a deal to sell The Bank at Broadmoor to Carlile Bancshares. Inc. of Fort Worth, Texas.
Carlile will acquire 100 percent of the common stock of The Bank at Broadmoor, which has four locations in Colorado Springs.
The bank provides services to individuals and businesses primarily in Colorado Springs and has about $172 million in assets.
Bank at Broadmoor President Ed Sauer said the bank had been approached many times over the years with requests for purchase, and that the retirement of founding member Gordon Price drove the recent decision to sell to Carlile, because there was no other succession plan in place.