Bank at Broadmoor CEO Sauer retiring [The Gazette (Colorado Springs, Colo.)]

Nov. 14--Ed Sauer will retire Dec. 1 after spending nearly a quarter of a century as president and CEO of The Bank at Broadmoor.

During his 24 years there, all but one as president and CEO, he helped the south Colorado Springs institution grow from $10 million in assets with nine employees and one location to $185 million in assets and 39 employees at four locations.

Sauer, 64, will be replaced by Mark White, who becomes president and CEO of the bank on Dec. 3. White, 44,spent the previous seven years as a senior vice president for BBVA Compass Bank in Colorado Springs and was the first employee hired when the bank expanded into the area. He also spent a year with Evangelical Christian Credit Union as a relationship manager and 11 years as a vice president with U.S. Bank in the Springs.

Fort Worth, Texas-based Carlile Bancshares Inc. acquired The Bank at Broadmoor in August 2011; the company also owns a smaller bank in Austin, Texas. Carlile founders Tom Nichols and Don Cosby formed the company in 2009,two years after selling State National Bankshares to BBVA Compass.

"We plan to continue the bank's community-based culture but use the resources Carlile brings to make larger loans and expand our relationship with clients," White said. "We believe there is a lot of good business to be had in Colorado Springs and know there are clients looking for a relationship with a bank like ours. We would like to grow the bank by both lending and acquisitions during the next five years."

White holds a bachelor's degree from California Polytechnic State University-San Obispo and a master's degree in business administration from the University of Colorado at Colorado Springs. He serves on the local committee of the Young Life ministry and volunteers with the locally based ministry VisionTrust International.

Sauer's 40-year banking career also has included executive posts at United Bank, which later became Wells Fargo Bank; Pikes Peak National Bank and Western National Bank, which later became ANB Bank. He will remain a member of The Bank at Broadmoor's board of directors and plans to stay in the area, spending more time with family while devoting more time to his fishing and hunting hobbies. Sauer is a former chairman of the Colorado Bankers Association, the Pikes Peak International Hill Climb, Pikes Peak Crime Stoppers and the Pikes Peak Highway Advisory Commission.

--

Contact Wayne Heilman: 636-0234 Twitter @wayneheilman

Facebook Wayne Heilman

___

(c)2012 The Gazette (Colorado Springs, Colo.)

Visit The Gazette (Colorado Springs, Colo.) at www.gazette.com

Distributed by MCT Information Services