Top 15 Best Performing Banks In Colorado 2023

Top 15 Best Performing Banks In Colorado 2023

Colorado is the eight-largest state in the US in terms of area and has a population of over 5.77 million. Due to its huge area and population, Colorado has one of the unique landscapes in the US, that attracts thousands of tourists every year.

Considering all these factors, we can easily understand how Colorado is becoming a hub for big-time industries and large-scale businesses. In order for Colorado’s industries and businesses to sustain their growth, they require the financial services of Colorado’s renowned bank.

Alongside providing assistance to small businesses and large industries, these banks are helping the general population save and invest money. So, the banks in Colorado are listed below.

The best performing banks in Colorado offer a wide array of products and services, to meet various customer needs from Denver and Colorado Springs to every (literal) corner of the Centennial State. Colorado’s top banks generally offer competitive interest rates and reasonable account requirements. They earn high ratings for customer satisfaction and offer convenient access through ATM and branch networks.

Best Performing Banks in Colorado

The Best Performing Banks in Colorado for Branches

There are 72 banks operating within Colorado, and they have $84.7 billion in total assets, according to regulators at the Federal Deposit Insurance Corp. The FDIC says the state’s largest deposit markets include:

  • Denver-Aurora-Lakewood
  • Boulder
  • Colorado Springs
  • Fort Collins
  • Greeley

Some banks cast a wide net with locations across the state, while others operate out of a single location. Banks with the most locations in Colorado include the national banks Wells Fargo, Chase and U.S. Bank.

Bank NameBranch Locations in Colorado
1. Wells Fargo Bank130
2. JPMorgan Chase Bank114
3. U.S. Bank108
4. FirstBank85
5. Bank of the West69
6. KeyBank58
7. Bank of Colorado50
8. Alpine Bank44
9. TBK Bank40
10. NBH Bank40
11. PNC Bank36
12. Zions Bank34
13. Independent Financial34
14. Huntington Bank33
15. First National Bank of Omaha26
16. Academy Bank26
17. Glacier Bank24
18. Bank of America23
19. ANB Bank23
20. HTLF Bank22
21. First Interstate Bank20
22. InBank15
23. BOK Financial14
24. UMB Bank12
25. Sunflower Bank12
Source: FDIC

The Best Performing Banks in Colorado for Customer Service

Receiving the best service and support is paramount to a great banking experience. Below are the best banks in the Southwest region of the U.S. for customer service, according to J.D. Power’s 2022 Retail Banking Satisfaction Study. The list is topped by Colorado-based FirstBank.

The Southwest region includes banks located not only in Colorado but also in Arizona, Nevada, New Mexico, Utah and Wyoming. The region’s average customer satisfaction score was 635 out of a possible 1,000.

Bank NameOverall Customer Satisfaction Index Ranking (Based on a 1,000-point scale)
1. FirstBank680
2. Chase655
3. Bank of America634
4. Zions Bank632
5. U.S. Bank626
6. Bank of the West608
7. Wells Fargo606
Source: J.D. Power

Types of Best Performing Banks in Colorado

Not all banks work the same. Some serve specific types of clientele. Other financial institutions focus on business banking. For personal banking services in Colorado, the following bank types are most commonly used.

National Banks

National banks is one of the best performing banks include the giant financial institutions with household names, large chains of branches and extensive ATM networks. They offer wide arrays of banking products, including checking and savings accounts, mortgages, credit cards and investment services. Of America’s largest national banks—namely Chase, Bank of America, Citibank and Wells Fargo—only Citibank doesn’t have much of a footprint in Colorado. It has virtually no physical locations in the state and is primarily accessible only via ATMs.

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Regional Banks

The regionals tend to operate branches within a section of the U.S., like the Rocky Mountain states. These midsize banks typically provide mixes of banking products for consumers and businesses. Under the Federal Reserve’s definition, a regional bank has total assets of between $10 billion and $100 billion. By comparison, Chase boasts nearly $2.6 trillion in domestic assets alone.

Community Banks

More than 9 in 10 U.S. banks are community banks serving small geographic areas, according to the FDIC. Most of their depositors live within the local community, and that’s also where the banks make many of their loans. Community banks in Colorado may have as few as one or two branches where customers can go to apply for a narrow selection of banking products. The Fed says a community bank has less than $10 billion in assets.

Online Banks

If in-person support isn’t important to you, an online bank might be a good choice. Online banks offer digital banking and services, primarily through online access and mobile banking apps available in Colorado and pretty much anywhere else in the U.S. Some online banks are full-service and offer a wide range of products and services, while others provide limited account types. Online banks generally offer better rates and lower fees than more traditional banks.

How To Choose the Right Best Performing Banks in Colorado

Selecting the right bank depends on your banking needs and what matters most to you in a bank. Consider the following factors when choosing where to bank.

Accounts and Services

Banks offer a range of products and services to meet various needs. Most banks provide popular accounts like savings accounts, checking accounts and certificates of deposit (CDs). Many provide expanded products and services like loans, credit cards and retirement and investment accounts. Determine what types of accounts you want to open before you choose a bank.


Banks charge fees for various reasons. They sometimes waive monthly maintenance fees if you maintain a particular account balance or meet other requirements. Bank fees can include charges for ATM usage, overdrafts, excessive transactions, wire transfers and late payments. Find a bank that doesn’t charge routine fees, or look for one that will give you a break on fees if you satisfy monthly requirements.

Interest Rates

Interest allows you to grow your savings in a bank. You want the most competitive interest rate to ensure your money keeps growing. Some Colorado banks offer the same rate regardless of your balance, while others provide tiered APYs, with the best annual percentage yields reserved for higher bank balances. Online banks and credit unions generally offer higher rates than traditional banks.


When you bank, you want to know your money is safe but within reach at all times. Not all banks offer the same accessibility. Compare banks to find those that provide multiple ways to manage accounts and withdraw or move money quickly. Look for banks with sizable fee-free ATM networks or that let you manage accounts through a mobile banking app.

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Customer Service

How you’re treated as a customer is just as important as the interest you’ll earn. Determine your support needs and communication preferences to find matching banks.

Do you prefer in-person service? Look at Colorado’s traditional brick-and-mortar banks. Are you comfortable banking on your phone or computer? If so, an online bank may be a better fit. More banks have begun to offer modern features like chat support, private messaging, virtual assistants and other digital tools.

Tips on Banking in Colorado

Compare bank accounts, features, rates, and other factors to create a short list of banks that fit your needs. Consider using multiple banks if you don’t find everything you need at one financial institution. Avoid banks with excessive monthly fees or that don’t offer ways to waive the fee each month easily.

If you’re unhappy with your decision later, you can switch to another bank that offers better rates and services.

1. Bank of Colorado

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Bank of Colorado

Bank of Colorado, a full-service bank with online banking, is one of the most renowned banks in Colorado. Some of the best features of Bank of Colorado are free checking accounts, savings accounts with excellent interest rates and an array of loan offerings.

Furthermore, Bank of Colorado provides other amazing features that include online banking, mobile app and deposit and visa debit card. Moreover, Bank of Colorado is one of the best banks for students as well.

2. Wells Fargo

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Wells Fargo

Wells Fargo, one of the biggest consumer banks in the US, is one of the best international banks in Colorado. More, Wells Fargo is the largest operating bank in Colorado, and has 163 branches across the state.

The maintenance fee for its standard checking account is $10 per month and the ATM fees are $2.5 domestic and $5 international.

Wells Fargo’s checking account requires minimal fees and opening deposit requirement is just $25. In terms of branch access, Well Fargo is the best bank in Colorado.

3. KeyBank

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KeyBank is one of the best banks in Colorado

For consumers that are looking for a free checking account, KeyBank is the best option in Colorado. KeyBank is perfect for the modern consumer demographic, as it offers debit cards, mobile apps, online bill paying and other digital features.

Moreover, KeyBank’s Express Checking Account doesn’t have any monthly fees and an opening balance of $50, but more importantly, this account enables consumers to pay bills with physical bills.

Check out this interesting article on the richest person in Colorado.

4. Chase Bank

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Chase Bank offers the best checking accounts for students. Chase’s college-based checking can be opened by students under 24, with no monthly fee requirements. Students can keep on using these accounts for up to 5 years.

And when students finally graduate, their accounts are converted to Chase Total Checking accounts by Chase. Chase Bank isn’t just an excellent banking option in Colorado, it is one of the most popular banks in the US.

5. US Bank

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US Bank has 157 branches in Colorado, only second to Wells Fargo, making it one of the best banks in Colorado for branch access. Alongside its branches, US Banks’s branches are spread all across Colorado.

Additionally, US Bank is also an amazing choice for small businesses. The Platinum Business Checking Account from US Bank allows transactions per 500/month, with a monthly maintenance fee of just $25. This makes US Bank one of the best choices for opening an account for businesses.

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6. First National Bank

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Offering 106 branches across the state, First National Bank presents a very accessible option for the residents of Colorado. Firstly, First National Bank has one of the best interest rates on savings account.

Furthermore, this bank also offers a variety of loans and business products. Moreover, other beneficial aspects of First National Bank are no overdraft and returned item fee, free logo checks, home and automotive loans, and many others.

You might be interested in knowing about the best law firms in Colorado.

7. FirstBank

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With around 120 branches in Colorado, FirstBank is one of the best banks in terms of branch access. Along with the 24-hour mobile banking services, its premier checking account has a $2,500 minimum balance requirement to maintain no monthly fees.

Furthermore, customers can also enjoy online banking and email alerts.

8. Integrity Bank & Trust

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Although, Integrity Bank & Trust has only 3 branches in Colorado, this bank still offers some top-notch banking features. Alongside a variety of loan special loans, Integrity Bank & Trust provides business products and checking that doesn’t require fees.

Additionally, Integrity Bank & Trust features include no monthly service fees, opening deposit of $100 and no minimum balance requirement.

9. Great Western Bank

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Great Western Bank is an amazing bank that presents an array of banking options, including checking accounts, savings accounts and various investment opportunities. Furthermore, Great Western Bank offers a wide range of loans that include home loans and auto loans.

Moreover, Great Western Bank’s Digital Checking account has a monthly maintenance fee of just $6, while allowing mobile banking, online statements and debit card purchase rewards.

10. ANB Bank

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ANB Bank offers a wide range of banking services that include different types of banking accounts and investment management. Moreover, ANB Bank provides a full suite of loan offerings for its consumers.

It also offers free checking accounts that can be opened for as little as $25 and has no monthly maintenance fees. Other features of ANB Bank include overdraft protection, identity theft protection, online financial advisor.

11. PNC Bank

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PNC Financial Services Group, Inc. is a bank holding company and financial services organization operating in the United States of America. Its headquarters are located in Pittsburgh, Pennsylvania. PNC Bank, which is a subsidiary of the company, conducts business in all 27 states and the District of Columbia with a total of 2,629 branches and 9,523 automated teller machines.

12. Bank of America

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The Bank of America Corporation is a worldwide institutional investor and banking sectors holding firm based in the United States of America. Its headquarters are located in Charlotte, North Carolina, at the Bank of America Corporate Center. San Francisco is the city that saw the birth of the bank.

13. Glacier Bancorp, Inc.

First Federal Savings and Loan was the name under which Glacier Bank first opened its doors in the downtown area of Kalispell, Montana, 68 years ago. In 1955, there were only two people working for the company; today, there are over 350 people working over 16 locations, serving the following counties.

FAQs About The Best Performing Banks In Colorado

The Best Banks in Colorado for Branches

Wells Fargo Bank

FirstBank is Colorado’s largest locally owned holding company and we are still growing. With over 100 locations and plans for expansion, we offer excellent employment opportunities in retail banking

It’s easy — Zelle is already available within Bank of Colorado’s mobile banking app and online banking within Bill Pay! Check our app or sign-in online and follow a few simple steps to enroll with Zelle today.

About Ent. Founded in 1957, Ent, Colorado’s largest credit union, has been ranked Colorado’s #1 credit union by Forbes for the fifth consecutive year.


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