Vectra Bank is confident in its business plan moving forward despite the ongoing COVID-19 pandemic. To demonstrate that confidence to employees, partners and current customers, the bank celebrated a virtual groundbreaking ceremony recently for its new $65 million headquarters in southeast Denver.
“We know this has been a challenging time for many, and we’re confident and hopeful, in the future of Colorado and we look forward to celebrating the building process with our employees, our customers and community,” said Bruce Alexander, president and CEO of Vectra Bank.
The nine-story mixed-use building will enclose 127,000 square feet and will be located at Interstate 25 and East Belleview Avenue. It is scheduled to open in December 2022.
Four floors will be used for office space and parking, while one floor will be used for commercial retail and include a Vectra Bank branch, Alexander said.
The new project is part of the Belleview Station development that has led to two Fortune 500 companies, Western Union and Newmont Mining, to build corporate HQs in the area.
Currently Vectra Bank’s headquarters is spread across multiple buildings that house the offices for around 60 employees each, and can make day-to-day operations cumbersome.
The new location that overlooks the Belleview station light rail stop will bring all of the scattered employees from Vectra and its parent company, Zions Bancorp, together. More than 200 workers are expected to be there daily.
“The opportunity to put everyone together on one campus was something that was really appealing to us,” Alexander said. “Bringing everyone together in one place is really the value in this for us as it’ll create the opportunity to be more collaborative, more creative, more connected.”
Aside from the traditional office spaces, the new location is designed to have a 4,300-square-foot conference and training center, and meeting spaces that will encourage collaboration.
Asked why the bank decided to make this move during a time of economic instability and while many of its employees are working remotely. Alexander said the answer is quite simple.
“One, because we can have this campus. Two, because we’re consolidating an existing space, so we’ll be using less space considering all the space we’re leasing. And three, it creates the opportunity for all of us to be together under one roof,” Alexander said.
Vectra Bank has assets of $3 billion and works mostly with businesses across its 35 branch locations in Colorado and Farmington, N.M.
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