Denver Savings Bank opened its doors at the corner of State and Main Streets on January 2, 1902, with assets of only 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. H.C. Wente was appointed the bank’s first president.
Bank operations continued at the original building site until 1968, when a new bank was built at our current location.
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.
Under President Brandt’s leadership, Denver Savings Bank experienced rapid growth, shooting from assets of twenty-eight million at the time of the sale to PSB Corporation in 1999, to over one hundred fifty million today.
In 2014 the bank decided to open its first branch location in Brothers Market, Denver’s new grocery store. The branch allows us to further meet our customer’s needs with its extended hours and convenient location.
With the addition of our current bank president, Ryan Sheridan, in 2015, we are excited to move towards the future.
Denver Savings Bank is proud to be part of the Denver community, and embodies our mission statement: “Inspiring trust, individualizing service, and cultivating opportunities that improve quality of life for our customers, employees, shareholders, and community.”
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154