en     ru     jp
 
 
    LOGIN HERE!  
Add privatebanking.com as a search provider to your browser  
 
Advanced Search  
Private Banking & Wealth Management search tool 
     
  Search entity  
 
 
Home
      
North America
      
USA
      
Minnesota
      
Danvers
      
Banks
      
State Bank of Danvers
       
 
Back
 
   
Review Avg.
Reviews: 0
 
Contact Page
Additional information
Write Review
Browse Review

 
Additional information
 
State Bank of Danvers
 
 
Mission statement: 

Our mission is to provide quality financial services to our customers at affordable prices.
History: 

In 1902, two years after the Village of Danvers was incorporated, the Bank of Danvers was opened by DePue Brothers of Olivia, Minnesota. Thomas H. Connolly, a Tara Township farmer at the time, and Leslie Matthews, a Benson banker, and others, later purchased the business from the founder and Mr. Connolly assumed management of the new bank on January 1, 1904. In 1907 the bank was chartered by the State of Minnesota and renamed the State Bank of Danvers.

Under the management of Mr. Connolly, the bank quickly gained the confidence of the people of the community and growth was rapid. By the end of 1908 total deposits of the bank were over $40,000. In 1912 a two-story building was constructed on the site of the original bank building at the corner of Front and Liberty Streets in Danvers to accommodate the expanding business. Growth of the bank was steady through the years of World War I and after.

Mr. Connolly was an avid automobile enthusiast being one of the first auto owners in the County. In the very early days of the automobile, he and Mrs. Connolly traveled by auto to both coasts of the United States and many of the Western states, usually with another couple or auto caravan that would camp out in tents along the way.

After Mr. Connolly's untimely death following a tornado in August 1928, his son, Daniel L. Connolly assumed management of the bank. Under his careful guidance the bank survived the "bank holiday" and severe depression on the early '30's without financial loss to bank depositors.

By 1956 the bank reached a $1,500,000 deposit mark and outgrew their facilities. A modern one-story brick building was built and occupied by the bank in the fall of 1957. Again, in 1979, the bank moved to a new facility in Danvers, which now is the main office of the bank.

Upon the death of D.L. Connolly in 1960, his son, Thomas C. Connolly, became chief executive officer of the bank and served in that capacity until his death in 2009. Tom's son, John D. Connolly, joined the bank in 1980 after some years of experience at the First State Bank of Lakefield and now serves as President and CEO of the bank.

In July of 1999, the bank opened its new, branch facility in Benson geared to meet the technological challenges of the 21st century. July 16, 2002 marked a full century of continuous financial service to the community by four generations of the Connolly family.

Our bank staff looks forward to many more years of progress and service to the community.


 
 
Back
 
 

Privatebanking.com
Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.
    Privatebanking.com
   
  Read more  
 
Ascent Limited
Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.
    Ascent Limited
   
  Read more  
 
 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©