Independent Banker - August 2021 - 47
ICBA is once again honoring community banks celebrating
their 100th‚ 125th‚ 150th and 175th anniversaries.
Community bankers at these long-standing institutions
have embraced the latest innovations of the industry along
the way‚ but they say the core of what they do-helping
customers and sustaining communities-has never wavered.
By Elizabeth Judd * Illustration by Randall Nelson
M
any community banks trumpet their anniversaries online and in their
branches. Others plan to celebrate the bank's milestone birthday with their
customers at gatherings.
For many community bankers, a major anniversary is a chance to refl ect on
their bank's history and consider the future.
Del Norte Bank, which is celebrating its centennial anniversary this year, will
host an old-fashioned carnival as part of its town's annual Covered Wagon Days
festival. The $112 million-asset community bank in Del Norte, Colo., has also
teamed up with the local museum to compile a book about the history of the town
to create awareness and make connections to the past.
" We do know our bank occupied the back room of someone's real estate or
insurance offi ce, or even the local hotel, for a while, " says Michael Hurst, the
bank's president. " We were very small and our only mission was to make home
loans. Period. "
Located at the base of Colorado's Wolf Creek Pass, Del Norte is a town of hay
farmers and cattle ranchers today. " Many thrifts in this area were formed because
housing was still scarce at the turn of the century, " Hurst says. " In the late 1800s,
these towns were brand new. Banks like ours helped build out the housing needs
of these new towns. "
While researching Del Norte's early history, Hurst was struck by parallels
between the early 20th century and today. " In the 1920s, " he says, " we were just
fi nishing the Spanish fl u. The debate around masks and social distancing, those
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Independent Banker - August 2021
Table of Contents for the Digital Edition of Independent Banker - August 2021
Table of Contents
Independent Banker - August 2021 - Intro
Independent Banker - August 2021 - Cover1
Independent Banker - August 2021 - Cover2
Independent Banker - August 2021 - Table of Contents
Independent Banker - August 2021 - 2
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Independent Banker - August 2021 - Cover3
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