CoBiz Financial, Inc. was incorporated in Colorado on February 19, 1980. The Company is a diversified financial services company. Through its subsidiaries, it provides commercial banking services, wealth planning and investment manag...ement, property and casualty insurance brokerage and employee benefits and investment banking services. The Company operates in five segments such as Commercial Banking, Investment Banking, Wealth Management, Insurance and Corporate Support and Other. The Company’s wholly owned subsidiary CoBiz Bank (the Bank) is a full-service business banking institution serving two markets, Colorado and Arizona. In Colorado, the Bank operates under the name Colorado Business Bank and has 12 locations, including 10 in the Denver metropolitan area, one in Boulder and two in the Vail are...a. In Arizona, the Bank operates under the name Arizona Business Bank and has six locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County. It is engaged in attracting and retaining quality personnel by maintaining an entrepreneurial culture and a decentralized business approach. CoBiz and its subsidiaries faces competition not only from other financial holding companies and commercial banks, but also from savings and loan associations, credit unions, finance companies, mortgage companies, leasing companies, insurance companies, investment advisors, mutual funds, securities brokers and dealers, investment banks, other domestic and foreign financial institutions, and various nonfinancial institutions. CoBiz is a financial holding company registered under the Bank Holding Company Act of 1956, as amended (the BHCA), and is subject to regulation, supervision and examination by the Board of Governors of the Federal Reserve System (FRB). The Commercial Banking segment consists of the operations of CoBiz Bank, a full-service business banking institution. Services provided include Commercial, Real Estate, and Private banking as well as treasury management, interest-rate hedging, and depository products. The Investment Banking segment consists of the operations of GMB, which provides middle-market companies with merger and acquisition advisory services, institutional private placements of debt and equity, and other strategic financial advisory services. The Wealth Management segment has included the operations of the trust department, CIM and FDL's wealth transfer business line. The Insurance segment includes the employee benefits and brokerage activities of CEB. CEB targets small- to mid-sized employers and offers group insurance and retirement plan design and consulting services. CoBiz Insurance, Inc. is a property and casualty (P&C) broker agency focusing on commercial and affluent individual lines of coverage. CoBiz and the Bank are regulated under federal, Colorado and Arizona law. These laws and regulations are intended to protect depositors, borrowers and federal deposit insurance funds, not shareholders of CoBiz.