CoBiz Financial, parent company to Colorado Business Bank and Arizona Business Bank, announced that Terrance Scanlan has been elected to the Board of Directors for its banking franchise, the firm said yesterday in Denver.

"We are pleased to welcome Terry to our bank Board," Jonathan Lorenz, chairman of Colorado Business Bank/Arizona Business Bank, said. "Terry's real estate contacts and experience in the Vail Valley will help us continue to build our presence in that industry for that market. In addition, his four decades of experience in manufacturing will help us continue to improve how we serve clients in that industry vertical."

Founder and current chairman of general contracting business Alpine Mountain Builders in the Vail valley, Scanlan is also chairman of Four Seasons Resort Estates, which develops and builds golf course venues in the West Indies.

He also founded and served as managing partner of Waterford Capital Group LLC, a venture capital firm specializing in restructuring privately held manufacturing firms.

Scanlan earned a bachelor's degree in business administration at the University of Notre Dame and a master's of business administration at Southern Methodist University.

Colorado Business Bank and Arizona Business Bank are full-service commercial banking institutions providing a broad range of banking services targeted to professionals and small to medium-sized businesses. CoBiz Financial is a $3.1 billion financial holding company headquartered in Denver.

Arizona Business Bank has locations throughout the Phoenix area focused on the financial needs of the community and staffed with banking professionals empowered to make decisions and deliver personalized products and services.