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Nick Lepetsos


As president of First American State Bank since 2004, Nick Lepetsos directs the institution’s daily operations including capital formation, lending, asset/liability management, liquidity planning, and information technology.  He contributes more than 26 years of experience in the financial service industry to the bank’s executive team. Nick began his commercial banking career with a local bank holding company, where he spent nine years, before moving into the private equity and investment venture capital arena. His extensive experience in real estate lending for both residential and commercial projects has made Nick a valuable leader at First American State Bank since he joined the bank as vice president in 2002.  

Nick served on the board of director of the State of Colorado Venture Capital Authority from 1995 to 2015, and as it’s Chairman from 2013-2015.  The Venture Capital Authority is a quasi-state organization, established by the State Legislature that facilitates the investment of taxpayer money into the venture capital arena, specifically investments in seed and early stage companies. The goal is to provide our state with an investment vehicle that fosters entrepreneurship, the formation of new companies, and the addition of jobs to our communities.

Nick earned his master’s of business administration from the University of Colorado in 1999 and a bachelor of science degree in economics from Arizona State University’s W. P. Carey School of Business. Nick is also a graduate of the Graduate School of Banking in Madison, Wisconsin.