About Us
History
Sanborn Savings Bank 125th
Sanborn Savings Bank is proud to celebrate our 125th anniversary. We’ve been a part of the Sanborn Community since 1899 when James H. Daly and a group of local investors announced the opening of a new bank. Mr. Daly stated it was his goal to make the bank a vital part of the community, helping Sanborn, and its residents grow and prosper. The community responded to the new bank by helping it grow to $300,000 in deposits at the end of the first year. In turn the bank loaned almost $200,000 to local businesses and farmers. This foundation of trust still forms our relationship with the community today. Through good times and bad, Sanborn Savings Bank continues to uphold the community values Sanborn expects. Through resilience, integrity and innovation the bank looks forward to continuing to serve Sanborn’s bright future.
About Sanborn Savings Bank
1899 James H. Daly applied to the State of Iowa to charter a new bank in Sanborn, Iowa. Approval was given on January 20, 1899. On that same day the first Shareholders meeting was held. The final planning for the bank was completed and a board of directors was elected. On February 1, 1899, the bank opened its doors for the first time with Mr. Daly as Chairman of the Board. James H. Daly was the first of only four individuals to hold the Chairman of the Board position. He was followed by John W. Cravens, James W. Cravens and James P. Cravens. This continuity of leadership is echoed in the President’s office with only six presidents presiding over the day-to-day operations: W.W. Johnson, James H. Daly, John W. Cravens, James W. Cravens, James P. Cravens and Tim Devitt¸ our current president.
Since our founding, twenty-five residents have offered their time and talents to serve as directors on our governing board. In addition to our directors, twenty-one officers and over seventy employees, your friends and neighbors, have called our offices home. We are proud of their efforts to bring you quality banking service. We’re even prouder of the personal time and effort our talented staff have devoted to the community by participating on boards, serving on committees, and working with organizations.
We are your hometown bank - independent and community oriented. We understand the importance of offering reliable, consistent, and sincere service. We work to earn your trust by acting with integrity every day. We are proud to serve Sanborn and the surrounding communities and grateful for 125 years of support from our friends and neighbors.
In celebration of our 125th Anniversary, we look back at events since 1899, enjoy our stroll down memory lane.