06/05/26
First Southwest Bank, a locally owned, independent community bank and one of two Community Development Financial Institution (CDFI) banks in Colorado, announced three Board of Directors transitions at its May board meeting.
After more than two decades of service, Timothy Gallagher is retiring from the First Southwest Bank Board of Directors. Gallagher has served on the board since the bank’s founding and is one of its original shareholders, playing a pivotal role in guiding FSWB from its earliest days through sustained growth and community impact.
“Tim’s leadership, integrity, and deep understanding of rural economies have shaped First Southwest Bank from day one,” said Kent Curtis, FSWB President and CEO. “His guidance and commitment to service have left a lasting legacy for our bank and the communities we serve.”
Gallagher was among the original shareholders when First Southwest Bank was purchased from Vectra Bank in 2004 and has served continuously on its Board since that time.
FSWB also announced the appointment of David Dragoo and Javier Alberto Soto to its Board of Directors.
David Dragoo is the founder of Mayfly, a Colorado‑based, Certified B® Corporation that manufactures premium fly fishing equipment. Located in Montrose, Mayfly has grown into a national leader in outdoor recreation manufacturing with a strong commitment to conservation and sustainability.
In 2017, Dragoo partnered with the City of Montrose to initiate the Colorado Outdoors project, a 164‑acre mixed‑use development designed to attract outdoor‑recreation‑focused businesses, integrate river conservation efforts, and drive long‑term economic development in Western Colorado. Dragoo holds a Bachelor of Science degree from Georgia Tech, and also serves on the Colorado Economic Development Commission.
Javier Alberto Soto is President and CEO of The Denver Foundation, where since 2019 he has led the development of a strategic framework, mobilized resources in response to the COVID‑19 crisis, and guided the foundation through its 100th anniversary. Prior to joining The Denver Foundation, Soto served as President and CEO of The Miami Foundation.
Soto holds a Bachelor of Arts in History and Political Science from Florida State University, a Juris Doctor from Georgetown University Law Center, and a Master of Arts in Sociology from the University of Colorado Denver. He brings a background in philanthropy, governance, and community-centered economic development to the FSWB Board.
“These board transitions reflect both our deep appreciation for long‑standing leadership and our confidence in the future of First Southwest Bank,” said Jennifer Ostenson, FSWB Board Chair. “Tim Gallagher’s legacy will continue to guide us, while David Dragoo and Javier Soto bring perspectives that align with our mission of community‑focused banking and economic development.”
First Southwest Bank thanks Tim Gallagher for his extraordinary service and welcomes David Dragoo and Javier Soto as it continues to serve communities throughout Colorado.