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We had a great year in 2005. Our local investors and client base have been excited since we announced plans for the bank early in the year. Interest in a new community bank was validated by our successful capital-raising effort. We raised $4 million from some 80 local investors in just two weeks.

Fort Collins Commerce Bank opened in June. We are creating relationships with business owners, professionals and entrepreneurs in Fort Collins and the surrounding area. Together we have close to 30 years in banking, including more than 20 years in bank management in Fort Collins.

Our grand opening in August was attended by more than 200 clients and prospects. We carefully planned the event so that not only would our clientele be able to tour our bank and meet our staff, but they could also enjoy great food and help a great cause. Our guests were treated to a delicious barbecue from Chimney Park Bistro, whose owners are both clients and investors in our bank. At the same time, we raised more than $1,000 with a free-will offering for the Hospice of Larimer County.

Our bank had its first profitable month in December 2005. We are growing our bank with products and services that are the right fit for our business clients, while cognizant of our responsibility to be a good business partner with our community. In the end, it is a win-win strategy for our all.

Our four pillars of success are as follows: 1) Do right by our customers; 2) Do right by our employees; 3) Do right by our shareholders; and 4) Do right by our community.