In 2008, the Central Bancorp leadership team looked to expand the suite of financial services it offered to its community. Heading just a few hours south, the leadership team found its next endeavor with the acquisition of Farmers & Stockmens Bank, based in Clayton, New Mexico. One year later, Central Bank & Trust opened its downtown Colorado Springs doors as a branch of Farmers & Stockmens Bank. And in early 2020, Central Bank & Trust opened its second Colorado location in the Denver Tech Center.