Stinson Leonard Street Represents First Capital West Bankshares in its Acquisition by Sturm Financial Group

Press Release

Stinson Leonard Street represented First Capital West Bankshares, Inc. (FCWB) in a transaction with Sturm Financial Group, Inc. (SFG) in which SFG will acquire FCWB and merge their respective banks, ANB Bank and Capital West Bank. The acquisition, subject to regulatory and shareholder approval, is expected to close during the second half of 2014, at which time the name of the combined bank will be ANB Bank.

Established in 1964, Capital West Bank, the wholly owned subsidiary of FCWB, is headquartered in Laramie, Wyo. and operates 3 branches in Laramie and Cheyenne, Wyo. and Fort Collins, Colo.

ANB Bank is the subsidiary of SFG, which is headquartered in Denver, with 34 branches within 17 counties in the Colorado, Kansas and Wyoming markets. SFG had $2.1 billion in total assets, $812.8 million in gross loans, and $1.7 billion in total deposits as of 3/31/2014.

Upon completion of the deal, the combined organization is expected to have $2.3 billion in total assets, $921.1 million in gross loans, and $1.9 billion in total deposits as of 3/31/2014. The combined organization is expected to rank in the top 6% of banks nationwide by total assets.

The Stinson Leonard Street team representing First Capital West Bankshares included:Ernie Panasci, Partner and Ryan M. Behrman, Associate. Both Panasci and Behrman are attorneys in the firm's Denver office.

Stinson Leonard Street's Banking and Financial Services Division and Financial Institutions Mergers and Acquisitions handles mergers and acquisitions, regulatory matters, commercial lending and creditors’ rights for community and regional banks, and large national banks. The firm's Banking and Financial Services Division has consistently placed near the top of SNL Financial's deal rankings in recent years. In 2012, the firm advised on more bank and thrift mergers and acquisitions, and branch sales, than any other U.S. legal advisor, according to SNL Financial data.

About Stinson Leonard Street

Stinson Leonard Street LLP provides sophisticated transactional and litigation legal services to clients ranging from individuals and privately held enterprises to national and international public companies. As one of the 75 largest firms in the U.S., Stinson Leonard Street has more than 520 attorneys and offices in 14 cities, including Minneapolis, Mankato and St. Cloud, Minn.; Kansas City, St. Louis and Jefferson City, Mo.; Phoenix, Ariz.; Denver, Colo.; Washington, D.C.; Decatur, Ill.; Wichita and Overland Park, Kan.; Omaha, Neb.; and Bismarck, N.D.

Media Contact

Gretchen DeSutter
Communications Manager

Subscribe to Stinson's
News & Insights
Jump to Page

We use cookies on our website to improve functionality and performance, analyze website traffic and enable social media features. By continuing to use our website, you agree to our use of cookies. For more information, please see our Cookie Policy.