In the beginning...
The original organizing members of Yampa Valley Bank consisted of local business owners and community leaders seeking an alternative to the detached practices of the large corporate banks. Initially founded as First National Bank of Steamboat Springs, the group received its charter and opened its doors for business in March 2000 as the only locally owned bank. Five years later the first branch location was opened in Craig, Colorado, operating as Moffat County National Bank. A Craig investor group facilitated the expansion and serve today as an advisory board. First National Bank of Steamboat Springs converted from a National Bank to a State-Chartered Bank in August 2008 and brought both locations under one name – Yampa Valley Bank.
Most of the original organizing members remain owners/directors, fulfilling the initial intent to ‘…put the community first and strive to exceed our customers’ expectations of a locally owned bank…’ as stated in the company’s mission statement.
Today Yampa Valley Bank oversight is provided by a 15 member Board of Directors in Steamboat working in tandem with a 12 member advisory board in Craig. In total there are 72 investors with ties directly to the Yampa Valley that afford YVB a unique and unmatched knowledge of the area and its residents. Yampa Valley Bank has gained market share rapidly and consistently since March 2000, validating our belief that bank customers appreciate absolute local decision making and true local reinvestment. High bank ratings determined by multiple public bank rating companies reflect a safety and soundness that our customers can trust. Yampa Valley Bank is committed to our customers and our communities.
Employees, directors, and investors volunteer for and lead a wide variety of community activities and non-profit groups benefiting all local residents.