Bank at Broadmoor names new president and has plans to grow

Mark White

Mark White, the newly named president and CEO of The Bank at Broadmoor, moved around a bit when he was a kid, but considers Colorado Springs home.

His father was in the military and White went to junior high and high school in the Springs and came back here for his MBA at the University of Colorado at Colorado Springs.

This week he was named as the successor of The Bank at Broadmoor, as long-time banker Ed Sauer is set to retire in December. Sauer had been with the bank for 24 years.

“We are excited to continue the direction of D. Edward Sauer, a great leader and community pillar, who is retiring after 24 years of service to this great bank,” said Tom Nichols. chairman of the board and CEO of Carlile Bancshares.  “Ed will remain active on the board of directors for The Bank at Broadmoor and looks forward to spending much more time enjoying his many personal hobbies.

White has 20 years of sales and leadership experience in the banking industry, most recently with BBVA Compass Bank in the Springs.

He’s looking to 2013 as an opportunity to grow the bank, which has $175 million in deposits, he said.

“We are poised to grow in 2013, and looking to do that with organic growth through loans,” he said.

In June, The Broadmoor Capital Corporation was sold to Carlile Bancshares Inc. of Fort Worth, Texas.

Carlile acquired 100 percent of the common stock of The Bank at Broadmoor, which has four locations in Colorado Springs.

At the time of the sale, Sauer said the bank had been approached many times over the years with requests for purchase, but the retirement of founding member Gordon Price drove the decision to sell.

Carlile was formed in 2009 and has  deposits of $1.3 billion. And Carlile has an eye toward expansion with more acquisitions, White said.

White said The Bank at the Broadmoor has more access to technology resources and increased lending limit being part of the Carlile organization, which is focused in community banks.

“Our expectation is to continue our feel and to be the community bank we’ve been — we’ve got a long history of that — with the ability to offer more products,” White said. “We have four locations and our decisions are made here.”