Encore Bank of Little Rock on Thursday announced it was continuing its rapid growth by expanding to Denver.
The bank, founded in 2019, has hired Denver banking veteran Josh Peebles as associate vice president and regional president. He has more than 20 years of experience in the industry, 17 of which have been in the Denver market.
Encore, formerly The Capital Bank, now operates in 19 markets in nine states.
"The Denver area is an attractive, high growth market with a diverse economy, and Josh is the kind of transformative leader we look for when expanding into new markets," Vice Chairman and Chief Banking Officer Phillip Jett said in a news release. "He is not only a talented, experienced banker, but he also has a proven track record of building highly effective teams and developing strong relationships with clients."
Peebles previously worked for Collegiate Peaks Bank Division of Glacier Bank as director of commercial banking and chief lending officer. Other roles in his career include treasury management and frontline operations.
The expansion to Denver follows the announcement of two planned branches in the Southeast. The bank said in February that it intends to open offices in Tampa, Florida, and Charleston, South Carolina. At the time of the announcement, no other Arkansas banks operated in Charleston’s $10 billion-deposit market.
Encore opened its four full-service branches outside of Arkansas during 2021 in Dallas, San Antonio and Austin, Texas; and Springfield, Missouri.
The bank had $1.86 billion in assets as of April 15.