Intro: Finding the Top Banks in Colorado

Choosing a bank is a major decision. Many people do not realize the important role that the bank they choose plays in their financial future.

Taking the time to do the research and find the best bank in Colorado that is right for you can save you hundreds or even thousands of dollars down the road.

When comparing banks in Colorado, everything from monthly maintenance fees to their interest rates on deposit accounts and loans should be considered.

When it comes to Colorado banks, the sheer number of options to choose from can be overwhelming. Using our comprehensive selection methodology, we have done a complete analysis, and this list of banks in Colorado represents the best banks in Colorado.

Each bank in Colorado on this list has a distinguished reputation in the communities they serve and shares in their commitment to providing excellent customer service.

Best Banks in Colorado Red Award Emblem

Award Emblem: Top 14 Best Banks in Colorado

Our detailed reviews of these top banks in Colorado will provide you with the information you need in order to make an informed decision on choosing the Colorado bank that is right for you.

​AdvisoryHQ’s List of the Best Banks in Colorado

List is sorted alphabetically (click any of the bank names below to go directly to the detailed review section for that Colorado bank):

Top 14 Best Banks in Colorado (Statewide) | Brief Comparison & Ranking

Best Banks in Colorado

Highlighted Features

Alpine BankRecognized for leadership & financial excellence
ANB BankSpare-Change Savings account
Bank of ColoradoCompetitive auto loan rates
Bank of the WestInterest-bearing Premier Checking account
BBVA Compass BankFocus on small business lending
Centennial Bank and TrustExpert retirement planning services
FirstBankRetirement-based real estate loans
Glacier BankLot financing program
Great Western BankFocus on agribusiness lending
Guaranty Bank & TrustEmployee Benefit Banking program
JP Morgan Chase BankUnique personal banking products for students
KeyBankComprehensive Relationship Rewards program
U.S. BankRealSteps>Retirement program
Wells FargoExpertly managed insurance services

Table: Top 14 Best Colorado Banks | Above list is sorted alphabetically

AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.

Detailed Review—Top-Ranking Best Banks in Colorado

Below, please find the detailed review of each firm on our list of top banks in Colorado. We have highlighted some of the factors that allowed these banks in Colorado to score so highly in our selection ranking.

See Also: Best Banks in Michigan (Ranking & Review)

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Alpine Bank Review

Founded in 1973, Alpine Bank is a bank in Colorado that is employee-owned and locally operated. This Colorado bank has grown to operate 38 branches where they serve more than 130,000 customers while still remaining true to their community bank values.

Because they are a local bank, Alpine Bank can be flexible in creating solutions for customers who may not fit the typical corporate banking approach, particularly when considering Denver banks.

With many employees who have been serving with them for over a decade, Alpine Bank is a best bank in Colorado that has taken the time to cultivate long-term community and customer relationships.

Key Factors That Enabled This Bank to Rank as a Top Bank in Colorado

Below are key factors that enabled Alpine Bank to be rated as one of this year’s best Denver banks and best banks in Colorado.

Alpine Bank - colorado bank

Photo courtesy of: Best Banks in Colorado


Alpine Bank has been recognized among Denver banks and the best banks in Colorado with many awards over the years.

This highly esteemed bank has been awarded for their leadership in the Colorado financial industry and for their commitment to the communities they serve time and time again.

Alpine Bank has been presented with over 20 awards in the last three years. Here are some of their most recent awards:

  • Voted Local’s Choice Best Bank in the Post Independent annually 1999–2016
  • Voted Best Wealth Manager/Financial Planner and Best Mortgage Broker in ColoradoBiz magazine’s Best of Colorado Business Choice Awards 2016
  • Awarded the 5-Star financial institutional rating by BauerFinancial, Inc 2016
  • Received an Innovation in Financial Education Award from Nasdaq and Everfi 2016
  • Inducted into the International Green Industry Hall of Fame

Green Initiative

Alpine Bank employees began an effort to become more environmentally conscientious in 2005. This effort quickly caught on and led to the development of Alpine Bank’s Environmental Management System.

Now Alpine Bank’s EMS program is earning recognition statewide for environmental leadership. This top bank in Colorado has been maintaining certification to the ISO 14001 standard since 2006, which is the universally recognized standard for environmental management.

Earning and maintaining this standard is how this Colorado bank verifies to its customers and community that they are serious about doing their part to protect the environment.

Benefit and Memorial Accounts

Life isn’t always easy, and many curveballs can be thrown our way. When customers are facing a difficult time, Alpine Bank wants to help.

Whether a customer is dealing with the loss of a loved one or a serious illness, this top bank in Colorado can help them set up an account where donations can be made.

Services available on benefit and memorial accounts include checking, savings, online banking, mobile banking, debit card, eStatements, and ATM access.

Savers Choice Money Market Account

A Savers Choice Money Market account at Alpine Bank makes it as easy as possible to start saving for your future, making this one of the top Denver banks.

This interest-earning, simple savings account features:

  • No minimum opening deposit
  • No minimum monthly or daily balance requirement
  • No monthly fees

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ANB Bank Review

ANB Bank is a bank in Colorado that is a subsidiary of Sturm Financial Group, Inc, a financial services holding group headquartered in Denver, Colorado. 

Sturm Financial holds $2.6 billion in assets and ranks in the top 6% of banks nationwide by size.

As a subsidiary of Sturm Financial, ANB Bank has the resources they need to quickly meet the financial needs of their customers. Despite their size, this top bank in Colorado still holds true to their community bank roots through an unwavering commitment to excellence in service.

ANB Bank operates more than 30 locations across Colorado, Wyoming, and the Kansas City metro area, making banking with them convenient for their customers.

Key Factors That Enabled This Firm to Be Rated as a Best Bank in Colorado

Below are key factors that enabled ANB Bank to be rated as one of this year’s top banks in Colorado and a best Colorado Springs bank.

Check Safekeeping

You never can tell when you are going to need a copy of a canceled check to prove to a vendor that you did indeed pay their bill or to find out who cashed one of your checks.

Keeping copies of all canceled checks at home can be troublesome, but ANB Bank has it covered. This top bank in Colorado keeps copies of each account holders’ canceled checks for seven years and can quickly produce a copy when needed.

What’s more, as one of the best Colorado banks, they supply up to five copies of canceled checks a month free of charge.

Free Checking

It is always a treat to find a bank that offers truly free checking, and ANB Bank doesn’t disappoint.

This Colorado bank’s Free Checking account comes with the basics that customers need and doesn’t have any hidden fees for features that they don’t really want.

Owners of an ANB Bank Free Checking account enjoy:

  • No monthly service charge
  • Unlimited check writing
  • Free check safekeeping
  • Free online banking with bill pay
  • Free IDSafeShield
  • Relationship rate of interest on CDs 1-year or longer
  • Overdraft protection available

Spare-Change Savings Account

ANB Bank is a bank in Colorado that wants to help its customers build up their savings. They make saving easy through their Spare-Change Savings account.

With this account, customers can begin saving money with little to no effort. This special savings account is linked with customers’ checking debit cards.

Every time the debit card is used to make a purchase, the difference between the amount of the purchase and the next whole dollar amount is automatically transferred into the Spare-Change Savings account.

It only takes $25 to open a new Spare-Change account, and there are no monthly service fees or minimum balance requirements. With this Colorado Springs bank, putting away savings for a rainy day has never been easier.

Investment Management Services

As one of the best Colorado banks, ANB Bank is committed to helping their customers grow their wealth and meet their individual financial goals.

It is for this reason that they do not apply a one-size-fits-all investment financial strategy; instead, they get to know who their clients are and what they want to accomplish before they begin putting together a financial plan.

ANB Bank begins the investment management process by meeting with the client to discuss their needs, goals, and dreams. Their financial professionals then take that information and create a tailored investment plan to suit that particular client’s goals.

At ANB Bank, a top Colorado Springs bank and a best Colorado bank, each investment policy is reviewed annually to ensure that it stays up to date on client information and continues to be the right plan for them based on their current situation, needs, wants, and goals.

Because each client is different with different dreams and aspirations, this Colorado bank allocates and reallocates portfolios based on changes in client financial situation, changing market climates, and strategic and tactical asset class allocation decisions.

Clients are individuals with different needs and wants and are treated as such, making this bank in Colorado a good choice for anyone looking for top banks in Colorado that provide personalized, individually-tailored investment management services.

Related: Best Banks in California | Review of the Top California Banks

Bank of Colorado Review

The Bank of Colorado is among the oldest banks in Colorado. In the banking business since 1900, this family-owned bank puts its focus on the communities that it serves.

They pride themselves on retaining the same friendly and trustworthy approach to service that they have been using for over a century now.

The Bank of Colorado is a subsidiary of Pinnacle Bancorp, Inc., a financial services holding company operating 110 banking locations across eight Midwestern and Western states.

Holding more than $3.2 million in assets in their own right and backed by Pinnacle Bancorp’s resources, the Bank of Colorado is able to meet their customers’ financial needs quickly and efficiently.

This top bank in Colorado serves communities throughout Colorado and strives to provide personal service to their customers. They offer a full range of banking and financial services and provide their customers with technological conveniences such as online banking and mobile banking.

Key Factors That Enabled Bank of Colorado to Rank as a Best Bank in Colorado

Below are key factors that enabled Bank of Colorado to be rated as one of this year’s top banks in Colorado.

Auto Loans

Bank of Colorado understands that sticking to a budget is important when making a big purchase like a new car. They offer monthly installment loans at competitive rates to help customers stretch their budget further.

This Colorado bank also offers a loan interest rate discount of 0.25% when customers sign up to have their monthly payment automatically withdrawn from their checking account, which can add up to big savings.

With a fast approval process, Bank of Colorado can help buyers take the anxiety out of purchasing a car by already having their financing secured ahead of time.

Investment Services

Bank of Colorado cares about their customers and wants to help them achieve a bright financial future.

To help accomplish this, this top bank in Colorado provides a financial advisor at most of their locations who can answer questions and give customers advice on how to best reach their goals.

Financial advisors at the Bank of Colorado can assist customers with a variety of needs, including:

  • Estate planning
  • Asset management
  • Retirement planning

The investment services at this Colorado bank are intended to help put customers on the road to financial independence.

Commercial Lending

The Bank of Colorado has been helping businesses succeed for the past 100 years. They provide the resources that businesses need so that they can focus on making their business profitable.

This bank in Colorado offers some of the best rates available and make it easy for businesses to qualify. They accept all types of assets as collateral, including inventory, machinery, and real estate.

They help businesses navigate through the application process, making it as simple as possible. Bank of Colorado also has a quick turnaround time on commercial lending applications, as they realize that their customers’ time is valuable.

Health Savings Account

Bank of Colorado is among the banks in Colorado that offer customers the option of opening a Health Savings Account (HSA).

As healthcare costs continue to rise and become more complicated, an HSA can help give consumers more control over what they pay for healthcare and related services, such as prescriptions and required medical equipment.

This interest-bearing account is intended to be used in conjunction with a high deductible health plan, allowing consumers to set money aside to be available when needed to cover qualified medical expenses that insurance does not cover.

In addition to having funds available when needed for medical bills, perhaps the best benefit of this account is that those who utilize it get a tax break.

Taxes do not need to be paid on money that is put into an HSA as long as it is being used to pay for qualified medical expenses. Interest earned on the funds in an HSA is also tax free.

Funds that aren’t spent on medical expenses throughout the year stay in the HSA and continue to earn money, year after year; the balance will continue to grow until it is needed to pay for future medical expenses.

Finding a bank that offers an HSA is important to many people with high deductible health plans, making this top bank in Colorado a good fit for them.

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Centennial Bank and Trust Review

Centennial Bank and Trust is a community bank that is a wholly-owned subsidiary of Heartland Financial USA, Inc., a multibillion dollar financial services company.

Heartland Financial operates 108 banking locations across 12 states where they proudly serve the citizens of 85 communities.

Despite their vast resources, both Centennial Bank and Trust and their parent company believe wholeheartedly in the principles of community banking.

Centennial Bank and Trust is a Colorado bank with a strong focus on customer service and strives to give each customer the personal attention they deserve.

This top bank in Colorado has a strong dedication to serving their clients, employees, and communities. This commitment can be seen in their motto that through excellence in customer service and respect for individuals, everyone profits.

Centennial Bank and Trust offers a wide range of banking and financial products, including traditional banking, mortgage, investment, insurance, wealth management, and consumer finance services.

Key Factors That Enabled This Bank to Rank as a Best Bank in Colorado

Below are key factors that enabled Centennial Bank and Trust to be rated as one of this year’s top banks in Colorado.

Cash Rewards Checking

A Centennial Bank and Trust’s Cash Rewards Checking account is not only free, but it actually pays the account holder! This checking account pays tiered interest: the more rewards you earn that month, the higher the interest you earn.

The requirement to earn rewards on this Colorado bank account is easy; it is mostly transactions we make on a monthly basis regardless. Earn rewards for:

  • Direct deposit
  • Having 15 or more signature-based debit card purchases within the month
  • Enrolling in eStatements

It couldn’t be easier to earn a higher interest rate. Even if a customer doesn’t meet the requirements for the month, they always earn interest at the base rate no matter what. If the requirements aren’t met one month, they can be met the next month.

Retirement Planning Services

Centennial Bank & Trust employs an experienced team of retirement planning professionals to help small businesses build a retirement plan that will give their employees the future they envision for themselves.

Instead of relying on forms to learn about who customers are, this bank in Colorado utilizes person-to-person contact to build a relationship with their clients. At Centennial Bank and Trust, they insist on building and maintaining a personable relationship with clients.

Customers who choose to take advantage of this top bank in Colorado’s retirement planning services benefit from:

  • A Relationship Manager to explain plan provisions and conduct periodic reviews
  • A Retirement Plan Specialist who provides record keeping and administrative support
  • A Compliance Officer focused on regulatory support and compliance for their plan
  • A Participant Services Manager who monitors the results of the plan’s education strategy
  • An Enrollment Specialist to provide educational programs and to communicate with participants

Mortgage Loans

Centennial Bank and Trust understands that there is no place like home.

To help make the dream of home ownership come true for their customers, this bank in Colorado offers a multitude of mortgage lending options to choose from.

Customers of this bank can choose from:

  • Conventional loans
  • FHA loans
  • VA loans
  • First-time home buyer loans
  • Relocation loans
  • Vacation and second home loans
  • Condominium loans
  • Bridge loans
  • City, state, and federal grants and loans
  • Privately insured loans
  • Jumbo loans
  • Home equity loans
  • Rural housing loans
  • Construction and lot loans
  • Investment property loans

With so many financing options to choose from, it can be hard for customers to know which one is right for them.

Centennial Bank and Trust has a team of mortgage professionals available to help customers weigh their options and pick the financing option that is right for them.

Personal Loans and Lines of Credit

Sometimes life emergencies come up, such as a car needing an expensive repair or a home needing a new air conditioning unit.

Centennial Bank and Trust is a bank in Colorado that understands that these sort of disasters happen and that there may be times when customers need access to some quick cash.

This Colorado bank has personal loans and lines of credit to cover every situation and can help customers get the cash they need to get over the bump in the road that they are experiencing.

A personal loan is a good way to make a one-time purchase. Customers have the option of receiving a fixed or variable interest rate and can get a rate discount by signing up for automatic payments.

For those customers who have more variable borrowing needs, or want an emergency amount of credit on hand, a Centennial Bank and Trust line of credit may be a better fit.

A line of credit works similar to a credit card in that it provides a certain amount of additional funds to make ongoing purchases with. At this top bank in Colorado, a line of credit can also be used to protect a checking account from overdrafts.

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To browse exclusive reviews of all top-rated banks in Colorado, please click on any of the links below: 

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Conclusion—Top 14 Best Banks in Colorado

As you browsed our list of banks in Colorado, you’ve had the opportunity to learn more about the commitment to service and outstanding products that rank these Colorado banks above the rest.

As you consider the banks in Colorado contained on this list, it is important to compare the services and products that they provide against your own financial needs.

Choosing a financial institution to do business with is a big decision, and there are many things that should be considered.

The best bank in Colorado that is right for you will depend on your own personal needs, such as whether they provide resources and services for businesses if you are a business owner. Fees and interest rates should also be considered when choosing a bank in Colorado.

The top banks in Colorado on this list share in a commitment to provide excellent customer service and have earned distinguished reputations within their state.

Whether you are looking for free checking or are interested in obtaining a home loan, the best banks in Colorado represented on this list will be able to provide you with the products and guidance you need.

AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

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