ANB to buy Wyo. bank

Denver-based ANB Bank will buy Capital West Bank, Laramie, Wyo..The $2 billion ANB did not disclose how much it paid for the $160 million Capital West..Capital West has three offices in Cheyenne and Laramie, Wyo., and Fort Collins, Colo. ANB also has offices in Cheyenne and Laramie, and the banks plan to close two overlapping branches shortly after the transaction, according to American Banker..The acquisition will close in the third quarter, pending regulatory and shareholder approval. The name of the combined entity will be ANB Bank.."We admire ANB's commitment to true community banking and look forward to combining with a local institution to create one of the strongest, most innovative community banks in our region," said Kelso Kelly, CEO of Capital West, in a press release.."A real benefit for our customers is the complementary nature of our markets and our cultures. Our teams of local bankers are decision makers who craft creative solutions," said Koger Propst, ANB president. "Our size puts us right in the sweet spot of being big enough to grow with our larger customers, while remaining a community bank that cares about helping all our customers move forward.".ANB has 33 branches in Colorado, Kansas and Wyoming.