DENVER, August 31, 2022 /PRNewswire/ — Fortis, a high-growth commercial bank serving small and medium-sized private Colorado and Utahtoday announced the appointment of Marc Olson as Chief Financial Officer, effective immediately. Mr. Olson brings more than 30 years of experience in the banking industry, having most recently served as Chief Financial Officer of Altabank (NASDAQ: ALTA) in US range, UT before its sale to Glacier Bancorp at the end of 2021.
“I’ve had the pleasure of knowing Mark over the years and I’m delighted to welcome him to our team,” said Chris Luce, CEO and co-founder of Fortis. “Mark’s significant financial leadership and M&A experience will be critical to Fortis’ future growth and the creation of value for our shareholders. His impressive track record of financial and strategic leadership for commercial banks, as well as that driving profitable growth will be essential as we execute our strategic plans for growth and development.I am proud that Fortis has become a destination of choice for top talent in the communities we serve.
As Chief Financial Officer, Mr. Olson’s responsibilities will cover financial strategy and financial operations, including financial planning, controlling, treasury, corporate development and investor relations. Mr. Olson has held CFO positions at successful banking institutions including California Republic Bank (OTC: CRPB), Heritage Oaks Bank (NASDAQ: HEOP) and Santa Barbara Bank and Trust (Pacific Capital Bancorp) (NASDAQ: PCBC) . Prior to these roles, he was a member of the management team responsible for the governance and oversight of commercial banking activities conducted within the legal structure of Goldman Sachs Bank, UNITED STATES.
“I am delighted to take this opportunity and join the Fortis management team,” said Mr. Olson. “I look forward to the strategic partnership I will have with Chris and the Board as we continue to position Fortis for long-term success.”
Fortis is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state chartered bank with offices in the denver and Salt Lake City metropolitan areas. The bank offers businesses and individuals a full range of lending, cash management and deposit products, with an emphasis on commercial and specialist customers. To learn more about Fortis, visit www.fortisprivatebank.com.
Laura HildrethSenior Vice President, Head of Human Resources