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Publish Date: 5/10/2005

Dacono approves bank building


DACONO — Council approved the city’s first permanent bank building Monday night for Valley Bank and Trust.

The bank’s senior vice president Mike VanNorstrand appeared in front of the Dacono City Council to present the plan and ask for its approval.

He said before the meeting that Brighton-based Valley Bank and Trust wants to expand in communities like Dacono: small and growing.

“Typically, these type of communities are ignored by big banks,” he said.

The bank also has a branch in Frederick.

“There’s a lot of rooftops going up,” VanNorstrand said.

The bank opened its Dacono branch last summer in a temporary structure at Cherry and Eighth streets.

It was the first bank in Dacono and Valley Bank and Trust’s 13th branch.

Since then, one other bank has come to Dacono, Colorado East Bank on Flying Circle Boulevard, which opened April 1.

Now, Valley Bank and Trust will build a traditional red brick permanent building at Cherry and Eighth streets. It will occupy 4,000 square feet of the structure and offer 2,000 square feet for store-front retail space, facing Cherry Street.

VanNorstrand said the retail space will consist of two or three units. The bank will likely seek tenants that are related to the banking industry, like a title company or a lender.

The plan also included a small park.

City council unanimously approved the building.

The project may break ground by the end of the month and could be finished by early next year, VanNorstrand said.

“I think you’re going to be proud of the this building,” Mayor Wade Carlson said. “And we are very proud that you are here.”

Douglas Crowl can be reached at 303-684-5253, or by e-mail at dcrowl@times-call.com.

 

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