Timberline Bank, a community bank with three locations on the Western Slope, is among the latest winners of an awards program honoring Colorado companies that demonstrate high performance in the marketplace through innovative products and processes.
Timberline Bank was among 50 firms to receive 2016 awards in the Colorado Companies to Watch program.
Launched by the Colorado Office of Economic Development and International Trade in 2009, the Colorado Companies to Watch program honors second-stage companies for developing products and services that create jobs, promote innovation and contribute to their communities. The awards program also offers insights into the state economy and the roles winning companies play on local, regional and statewide levels.
The 50 companies that won awards in 2016 earned a total of $503 million in annual revenues and employed the equivalent of 1,913 full-time employees.
Founded by employees and investors in 2004, Timberline Bank operates locations in Grand Junction as well as Aspen and Montrose. The bank employs a total of 39 people at the three locations.
Timberline Bank also was recognized in May by the U.S. Small Business Administration as Colorado Rural Lender of the Year.
For the 2015 fiscal year, Timberline Bank remained the top SBA lender in Mesa County with 11 loans worth a total of nearly $8.2 million approved through the 7(a) general loan guarantee program. That accounted for the bulk of the 18 loans worth a combined $9.2 million the bank issued statewide under the program.
For more information about Timberline Bank, call 683-5560 or visit the Web site located at www.timberlinebank.com.