Bank of Choice, Greeley’s largest locally owned bank, laid off 12 employees, including six in the Greeley-Evans area, in the past few days, according to CEO Darrell McAllister. McAllister said the bank’s assets have shrunk by more than $100 million during the past year. “We looked around and said to manage the bank properly we’re probably overstaffed,” he said Friday afternoon. Beginning mid-week, six employees were let go among Bank of Choice’s three local branches – two in Greeley and one in Evans – and another six were laid off in the Denver market, he said. The reduction represents 5 percent of Bank of Choice’s statewide work force, which now totals about 240 employees. McAllister said the bank discontinued its local senior club, a program that offers trips and activities for seniors, resulting in the reduction of the senior coordinator and assistant coordinator jobs. “There’s less demand for loans, and so you do Copyright 2010 The Greeley Publishing Co.. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Greeley Publishing Co. Bank of Choice cuts 12 jobs statewide October, 2 2010 1:43 am MST

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