Tom Ogaard\u2019s bank has financed everything from fishing boats to grocery stores in Indian Country. Its next project may come in someplace a little more urban.<\/p>\n
\u201cWhen I got here, we had 16 people, and now there\u2019s over 40. We need to think about what it looks like three to five years down the road or even longer, and plan for that,\u201d said Ogaard, the president and CEO of Native American Bank.<\/p>\n
The bank, headquartered at 201 N. Broadway in Denver\u00a0since 2019, purchased a 0.55-acre site a block north at 341-351 N. Broadway for $4 million last month from a family that had owned the property for decades.<\/p>\n
Enterprise, the car rental firm, has a lease on the site that runs through late 2026. In the meantime, Ogaard will decide whether to build a new headquarters for the bank on the site.<\/p>\n
\u201cWe\u2019re going to assess our options and see if that, in fact, is the case,\u201d he said. \u201cWe wanted to secure the property with that in mind, and so we\u2019re going to take some time now and assess what that looks like.\u201d<\/p>\n
At 201 N. Broadway, space in the bank\u2019s existing 14,600-square-foot building is filling up fast. Ogaard said he recently remodeled 4,000 square feet into 40 new cubicles. Now, just two remain empty, with between four and six new staff members coming on board.<\/p>\n
\u201cThere\u2019s not enough space in any one of our conference rooms to accommodate our staff,\u201d Ogaard said.<\/p>\n
Kentwood Commercial\u2019s Jim Tyler and Bobby Bolyard represented the bank in the deal. Their client\u2019s search stayed pretty close to home, with the bank looking at another Broadway property before landing on the 341-351 site, Tyler said.<\/p>\n