Eastern Colorado Bank

What Eastern Colorado Bank does

Eastern Colorado Bank (DBA "Your Friendly Bank") is a privately held community bank founded in 1944 and headquartered at 10 South First Street in Cheyenne Wells, Colorado. The bank operates eight physical branches across eastern Colorado and western Kansas, including four locations in the Colorado Springs metropolitan area (Pikes Peak, Sand Hill, Voyager, plus the corporate office), and rural outposts in Burlington, Limon, Kit Carson, and Sharon Springs, Kansas. Eastern Colorado Bank is a Member FDIC institution designated as an Equal Housing Lender and holds NMLS mortgage lender registration 527789.

The bank offers a full standard community-bank product suite spanning personal deposit accounts (checking, savings, money market, certificates of deposit, IRAs), business deposit accounts (checking, savings, money market, CDs, business debit cards), treasury management, and loans (mortgage, agricultural, personal, and commercial). Distribution combines branch-based relationship banking, online and mobile banking (web9.secureinternetbank.com), consumer and business online account opening portals (openpersonal.yourfriendlybank.com and openbusiness.yourfriendlybank.com), a VISA debit card with early direct deposit access, and surcharge-free MoneyPass ATM access to 32,000+ machines nationwide. Investment services are delivered via an affiliated firm, Cascade Investment Group, co-located at the Pikes Peak Branch Suite 200 since 1993.

Revenue is generated principally through net interest income on the loan and securities portfolio funded by deposits, supplemented by transaction-based fee income (overdraft, debit card, treasury management, merchant capture) and affiliate referral income from Cascade Investment Group. The bank's go-to-market motion is community-led: it leverages its rural branch footprint, a Giving Back-Looking Forward grant program (over $670,000 awarded since 2019), Junior Achievement financial literacy outreach, and a custom financial literacy curriculum developed with the ComCor correctional facility in Colorado Springs. There is no proprietary technology or AI/ML capability disclosed; the bank runs a standard third-party commercial banking stack and has no in-house mobile application beyond its web-based banking portal.

Name

Eastern Colorado Bank

Legal name

Eastern Colorado Bank

Website

https://yourfriendlybank.com

Company type

Private

Founded year

1944

Operating status

Operating

Headcount range

101–250 employees

Short description

Eastern Colorado Bank is a privately held community bank founded in 1944, operating eight branches across eastern Colorado and western Kansas. It provides personal and business deposit accounts, treasury management, and mortgage, agricultural, personal, and commercial loans to retail, small-business, and farm customers, supplemented by affiliated investment services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

Keywords

• Community banking services
• Personal banking products
• Business lending services
• Agricultural loans
• Retail deposit accounts

Headquarters

HQ city

Cheyenne Wells

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Net Interest Income: Interest income earned on loan portfolio (mortgages, agricultural loans, personal loans, business loans, money market lending) offset by interest paid on deposit accounts (checking, savings, CDs, IRAs). Primary revenue driver for a community bank.
2. Non-Interest Fee Income: Fees collected from overdrafts (standard fee of $32/item through July 31, 2025; $35/item thereafter), debit card usage, treasury management services, merchant capture, and other banking service charges.
3. Investment Services Referral: Referral income from Cascade Investment Group, located at the Pikes Peak Branch, Suite 200. Cascade Investment Group is described as a firm formed in 1993 providing client-focused investment advice independent of corporate ownership conflicts.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Eastern Colorado Bank is a community bank that provides personal and business deposit products (checking, savings, money market, CDs, IRAs), lending products (mortgage, agricultural, personal, and business loans), treasury management services, and investment services through Cascade Investment Group. The bank operates 8 physical branch locations across eastern Colorado and western Kansas supplemented by online and mobile banking, serving consumers, small-to-mid-sized businesses, and agricultural producers.

Product overview

Eastern Colorado Bank is a regional community bank offering a comprehensive suite of personal and business banking products. The bank's core offerings include deposit products (checking, savings, money market accounts, CDs, and IRAs), lending products (mortgage, agricultural, personal, and business loans), and business treasury management services. The bank also provides investment services through its subsidiary Cascade Investment Group. Additional services include online banking, Visa debit cards, direct deposit with early paycheck access, financial calculators, video tutorials, and comprehensive fraud protection resources. The bank operates 8 branch locations across Colorado and Kansas with an emphasis on community engagement through its Giving Back grant program.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts with various features designed to fit individual consumer banking needs, available to retail customers across the bank's service area.
• Savings Personal savings accounts for depositing and growing funds, targeted at individual consumers.
• Money Market Money market deposit accounts offering competitive interest rates with limited check-writing privileges for individual consumers.
• Certificates of Deposit (CDs) Fixed-term deposit accounts with guaranteed returns and various maturity options for individual consumers.
• IRAs Individual Retirement Accounts including Traditional and Roth options for retirement savings, targeted at individual consumers planning for retirement.
• Online Banking Digital banking platform allowing customers to access accounts, pay bills, transfer funds, and manage finances online, available to retail customers.
• VISA Debit Card Debit card with Visa acceptance for consumer purchases and ATM withdrawals, including fraud protection features.
• Business Checking Checking accounts designed for small and mid-sized business needs with various features and fee structures.
• Treasury Management Cash management and treasury services for businesses including payment processing, collections, and information reporting for business customers.
• Business VISA Debit Card Business debit card with spending controls and expense management features for small and mid-sized businesses.
• Business Savings Savings accounts for business deposits and reserves, targeted at small and mid-sized businesses.
• Business Money Market Business money market accounts with competitive yields and limited transactions, targeted at small and mid-sized businesses.
• Business CDs Certificate of deposit accounts for business term investments, targeted at small and mid-sized businesses.
• Mortgage Home mortgage loans including purchase and refinance options offered through the bank's Mortgage Center, targeted at individual consumers and households (NMLS #527789).
• Agriculture Loans Agricultural lending products tailored for farm and ranch operations, targeted at farmers and ranchers in eastern Colorado.
• Personal Loans Consumer loans for personal expenses including debt consolidation, home improvements, and major purchases, available to individual consumers.
• Business Loans Commercial lending products including term loans and lines of credit for business purposes, targeted at small and mid-sized businesses.
• Cascade Investment Group Investment services and wealth management offered through Cascade Investment Group, a firm formed in 1993 providing client-focused investment advice independent of large corporate ownership, available to bank customers and the broader public.

Quantifiable outcome

• Over $670,000 donated through Giving Back grants since 2019
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• MoneyPass (ATM Network)coreTechnology or IntegrationEastern Colorado Bank partners with MoneyPass to provide customers surcharge-free access to more than 32,000 ATMs nationwide. This partnership addresses a key pain point for customers in rural communities by supplementing ECB's own ATM network with a nationwide surcharge-free network. ATM locator available at moneypass.com and via mobile app.
• Cascade Investment GroupcoreStrategic or Co-development PartnerCascade Investment Group is co-located at ECB's Pikes Peak Branch, Suite 200, Colorado Springs. Formed in 1993, the firm provides client-focused investment advice free from conflicts of interest caused by large corporate ownership. ECB promotes Cascade to its customers seeking investment services, creating a complementary revenue stream and expanded product offering for the bank.
• Junior Achievement of Southern ColoradominorStrategic or Co-development PartnerECB partners with Junior Achievement of Southern Colorado to deliver financial literacy education at local elementary schools. ECB employees volunteer to teach Junior Achievement in a Day programs, covering savings, budgeting, entrepreneurship, and forms of payment for K-5 students.
• ComCor Inc. (Colorado Springs)minorStrategic or Co-development PartnerEastern Colorado Bank developed and delivers a first-ever financial literacy curriculum specifically designed for women in ComCor's intensive residential treatment program for criminal offenders in Colorado Springs. The program aims to reduce recidivism by teaching budgeting, spending discernment, and financial independence skills to women transitioning back to society.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/The-Eastern-Colorado-Bank-1773434669629482
• LinkedInlinkedin.com/company/the-eastern-colorado-bank
• Instagraminstagram.com/eastern_colorado_bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastern Colorado Bank