National Bank Holdings Corporation is a bank holding company that was incorporated
in the State of Delaware in June 2009 and is headquartered immediately south
of Denver, in Greenwood Village, Colorado. Our primary operations are conducted
through our wholly owned subsidiary, NBH Bank, referred to as the "Bank",
or "NBH Bank", through which we provide a variety of banking products
to both commercial and consumer clients. We service our clients through a network
of 97 banking centers, with the majority of those banking centers located in
the greater Kansas City area and Colorado, and through online and mobile banking
products.
The Company was formed through a private offering of our common stock in October
2009. As part of our goal of becoming a leading regional community bank holding
company, we are pursuing a strategy of strong organic growth complemented by
selective acquisitions of financial institutions and other complementary businesses.
In October 2010, we acquired the failed Hillcrest Bank from the FDIC and began
banking operations. To date, we have completed five acquisitions of banks, three
of which were FDIC-assisted. During 2015, we completed the acquisition of Pine
River Bank Corporation and its bank subsidiary, Pine River Valley Bank (“Pine
River”). We have transformed these five banks into one collective banking
operation with strong organic growth, prudent underwriting, and meaningful market
share with continued opportunity for expansion. Our focus is on building organic
growth through strong banking relationships with small- and medium-sized businesses
and consumers in our markets. Our long-term business model utilizes our organic
development infrastructure, low-risk balance sheet, continuous operational development
and a disciplined acquisition strategy to create value and provide attractive
returns.
We have a management team consisting of experienced banking executives led by
Chairman, President and Chief Executive Officer G. Timothy Laney. Mr. Laney
brings over 30 years of banking experience, 24 of which were at Bank of America
in a wide range of executive management roles, including serving on Bank of
America’s Management Operating Committee. In late 2007, Mr. Laney joined
Regions Financial as Senior Executive Vice President and Head of Business Services.
Mr. Laney leads our team of executives that have significant experience in operating
banks and completing and integrating mergers and acquisitions. Additionally,
our Board of Directors is highly accomplished in the banking industry and includes
individuals with broad experience operating and working with financial institutions,
regulators and governance considerations.
Our primary strategic objective is to serve small- to medium-sized businesses
in our markets with a variety of unique and useful services, including a full
array of commercial, mortgage and non-mortgage loans, while maintaining a strong
and disciplined credit culture. Our small business bankers and commercial bankers
focus on small- and medium-sized businesses with an advisory approach that emphasizes
understanding the client’s business and offering a complete suite of loan,
deposit and treasury management products and services. We have invested significantly
in our small business and commercial banking capabilities, attracting experienced
small business and commercial bankers from competing institutions in our markets,
which have resulted in significant growth in our strategic loan portfolio. To
complement these efforts, we created a focused specialty banking group, which
includes NBH Capital Finance (providing structured and asset-based loans to
middle market companies), energy, agriculture, treasury management, government
and non-profit banking, and SBA lending. Our consumer bankers focus on knowing
their individual clients in order to best meet their financial needs, offering
a full complement of loan, deposit and online and mobile banking solutions.
We strive to do business in the areas served by our banking centers, which is
also where our marketing is focused, and the vast majority of our new loan clients
are located in existing market areas.
Through NBH Bank, our primary business is to offer a full range of traditional
banking products and financial services to both our commercial and consumer
clients, who are predominantly located in Colorado, Missouri, Kansas and Texas.
We conduct our banking business through 97 banking centers, with 53 of those
located in Colorado, 42 in the greater Kansas City region and two in Texas.
Our distribution network also includes 106 ATMs, fully integrated online banking
and mobile banking services. We offer a full array of lending products to cater
to our clients’ needs, including, but not limited to, small business loans,
equipment loans, term loans, asset-backed loans, letters of credit, commercial
lines of credit, commercial real estate loans, small business loans, residential
mortgage loans, home equity and consumer loans. We also offer traditional depository
products, including commercial and consumer checking accounts, non-interest-bearing
demand accounts, money market deposit accounts, savings accounts and time deposit
accounts and treasury management services.
We offer a high level of personalized service to our clients through our relationship
managers and banking center associates. We believe that a banking relationship
that includes multiple services, such as loan and deposit services, online and
mobile banking solutions and treasury management products and services, is the
key to profitable and long-lasting client relationships and that our local focus
and decision making provide us with a competitive advantage over banks that
do not have these attributes.
Our loan portfolio includes commercial and industrial loans, commercial real
estate loans, residential real estate loans, agricultural loans and consumer
loans. The principal risk associated with each category of loans we make is
the creditworthiness of the borrower. Borrower creditworthiness is affected
by general economic conditions and the attributes of the borrower’s market
or industry segment. Attributes of the relevant business market or industry
segment include the economic and competitive environment, changes to supply
or demand, threat of substitutes and barriers to entry and exit. In our credit
underwriting process, we carefully evaluate the borrower’s industry, operating
performance, liquidity and financial condition. We underwrite credits based
on multiple repayment sources, including operating cash flow, liquidation of
collateral and guarantor support, where appropriate. We closely monitor the
operating performance, liquidity and financial condition of borrowers through
analysis of periodic financial statements and meetings with the borrower’s
management. As part of our credit underwriting process, we also review the borrower’s
total debt obligations on a global basis. Our credit policy requires that key
risks be identified and measured, documented and mitigated, to the extent possible,
to seek to ensure the soundness of our loan portfolio.
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