In 1958, Ken Hoyle was handpicked by the founders of Broomfield to be the city’s first bank president. On its first day, Broomfield Heights Bank brought in $300,000 in deposits. Over the next 27 years, through Hoyle’s retirement in 1982, the bank, which later dropped “Heights” from its name, grew to $50 million dollars in assets.
However, banking is only one contribution Hoyle has brought to Broomfield. He headed the Merchants Association, formed a businessmen’s club that preceded that Broomfield Chamber of Commerce and was active in all city functions. He and the local Jaycees founded Broomfield Days. As a banker, he was a major player on the State Banking Board, and, as a rancher, he was influential in the Cattleman’s Association.