Matrix Bancorp Changes Name to United Western Bancorp; New Ticker Symbol: UWBK
September 06 2006 - 6:30AM
Business Wire
Matrix Bancorp, Inc. (Nasdaq:MTXC), a holding company, today
announced that it has changed its name to United Western Bancorp,
Inc., and that it has likewise changed the name of its principal
operating subsidiary from Matrix Capital Bank to United Western
Bank. The name change, which was approved at the June 2006 annual
meeting of shareholders, is designed to reflect the western
heritage of the Colorado Front Range, where the Company intends to
focus its efforts on building a network of community bank branches
managed by experienced Colorado bankers. The Company will continue
trading on the Nasdaq Global Market, where effective Sept. 7 it
will appear under the new ticker symbol "UWBK." About United
Western Bancorp Denver-based United Western Bancorp, Inc. is
focused on developing its community-based banking network through
its subsidiary, United Western Bank, by strategically positioning
branches across Colorado's Front Range market. The area spans the
Eastern slope of the Rocky Mountains -- from Pueblo to Fort
Collins, and includes the metropolitan Denver marketplace. United
Western Bank plans to grow its network to an estimated five to
seven community bank branches over the next three to five years.
For more information, please visit our Web site at
www.unitedwesternbancorp.com. Certain statements contained in this
press release that are not historical facts, including, but not
limited to, statements that can be identified by the use of
forward-looking terminology such as "may," "will," "expect,"
"anticipate," "predict," "believe," "plan," "estimate" or
"continue" or the negative thereof or other variations thereon or
comparable terminology, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
and involve a number of risks and uncertainties. The actual results
of the future events described in such forward-looking statements
in this earnings release could differ materially are: the timing of
regulatory approvals or consents for new branches or other
contemplated actions; the availability of suitable and desirable
locations for additional branches; and the continuing strength of
our existing business, which may be affected by various factors,
including, but not limited to, interest rate fluctuations, level of
delinquencies, defaults and prepayments, general economic
conditions, and competition; the delay in or failure to receive any
required shareholder approvals of the contemplated actions; and the
risks and uncertainties discussed elsewhere in the annual report
for the year ended December 31, 2005, filed with the Securities and
Exchange Commission on March 15, 2006; in the quarterly report for
the first quarter ended March 31, 2006, filed with the Securities
and Exchange Commission on May 11, 2006; in the quarterly report
for the second quarter ended June 30, 2006, filed with the
Securities and Exchange Commission on August 11, 2006; and the
uncertainties set forth from time to time in the Company's other
periodic reports, filings and other public statements.
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