Bank History
Denver Savings Bank opened its doors in Denver, Iowa on the corner of State and Main Street on January 2, 1902, with assets of fifteen thousand dollars. Henry Graening, J.F. Cass, William Milius, H.C. Stumme, J. Kelling, H.C. Matthias, John Bruns, and Henry Steege were the founding members.
Denver Savings Bank remained a family-owned bank until 1999 when Paul and Robert Buenneke sold the bank to PSB Corporation, a bank holding company that also owns Peoples Savings Bank of Wellsburg. Dennis R. Brandt became the new bank president at that time.
In 2014, the bank opened its first branch location in Brothers Market, a grocery store in Denver. The branch allowed for a convenient location and extended hours.
1902
Denver Savings Bank opened its doors at the corner of State and Main Streets on January 2, 1902, with assets of only $15,000.
1902
1902
H.C. Wente was appointed the bank’s first president, serving from 1902-1931.
1902
1932
J.W. (John) Stumme, owner of Stumme Merchantile, became president. He served until 1956.
1932
1957
Dr. Ernest Stumme, a local physician, served as president from 1957-1977.
1957
1968
Bank operations continued at the original building site until 1968, when a new bank was built at our current location of 121 South State St in Denver, IA.
1968
1978
Paul A. Buenneke served as President from 1978-1998, retiring in 2000.
1978
1999
Paul and Robert “Bob” Buenneke (pictured) sold the bank to PSB Corporation, a bank holding company that also owns Peoples Savings Bank of Wellsburg.
1999
1999
Dennis R. Brandt became the new bank president and CEO.
1999
2014
DSB opened its first branch location in Brothers Market, a grocery store in Denver, IA. The branch allowed for a convenient location and extended hours.
2014
2015
Ryan Sheridan became bank President in 2015, while Brandt remained CEO until retiring in 2017. Ryan became President and CEO at that time.
2015
2022
Denver Savings Bank expanded the State St location which created an additional 1,500 square feet for more offices and workspace to the current building.