ANBColorado-based ANB Bank celebrated the opening of its newest branch Tuesday morning in downtown Colorado Springs.

The grand opening of the $5-million bank included a ribbon cutting and dedication attended by representatives of ANB Bank, the Colorado Springs Regional Business Alliance, the Colorado Springs Conservatory and members of the community.

“We value the community of Colorado Springs and are excited to make this move five blocks south in downtown to enhance the service we provide,” ANB Regional President Lonnie Parsons told the Business Journal in December. “The new facility increases our ability to serve downtown Colorado Springs while positioning the bank for future growth, by increasing our profile, and improving access while expanding our services to the community.”

This year marks the bank’s 50th year in Colorado Springs, Parsons told the group of 100 who attended the ribbon cutting. “We are truly a community bank,” focused on the future

The bank has five branches in Colorado Springs. All but the Briargate branch have either been rebuilt or remodeled, he added.

The new 18,000-square-foot bank at 15 W. Cimarron St. includes full-service bank operations as well as space for commercial tenants on the second and third floors. A portion of the second floor is also occupied by ANB Investment Management & Trust.

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Colorado Springs-based Bryan Construction broke ground on the project in December. The location is expected to employ 25 locally. The bank was opened two months ahead of schedule and under budget, Parsons said.

ANB Bank currently operates 33 banking locations throughout Colorado, Wyoming and in Kansas City. Its parent company, Sturm Financial Group Inc., is headquartered in Denver and holds more than $2 billion in assets.