Cobiz Financial Inc's Customers Performance

We operate in two western markets in the United States – Colorado and Arizona. These markets are currently dominated by a number of large regional and national financial institutions. The Company’s success is dependent to a significant degree on the economic conditions of these two geographical markets.

Colorado. Denver’s economy is diversified with significant representation in several industries. While Colorado is known as an oil rich state, employment in the oil and gas industry has declined from 2.0% of total payrolls in 1982 to 1.0% in 2013. Colorado was the second-fastest growing state in the United States in terms of percentage population growth from July 2014 to July 2015. Colorado was also the fifth-ranked state in terms of net migration into the state from April 2010 to July 2015.

We have two locations in downtown Denver, two in Littleton, and one location each in Boulder, Colorado Springs, Commerce City, Cherry Creek, the Denver Technological Center (DTC), Fort Collins, Golden, Louisville and the Vail Valley.

Arizona. Arizona consistently had one of the highest population growth rates in the nation during the latter half of the 20th century, and also was the second fastest-growing state in terms of percentage population growth from 2000 to 2010 and the ninth-fastest growing state from July 2014 to July 2015. Our banks are located in Maricopa County, one of the nation’s largest counties in terms of population size.