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The
Defiance
State Bank
was chartered August
21,1951.
The original board of directors
included:
|
Defiance State Bank Present |
Mr. Dopheide, President of the Columbia Life
Insurance Company of Sioux City, Iowa, was the primary organizer.
December 31,1951 The bank's total assets were $750,000.
Mr. Dopheide attempted to obtain a charter for Dow City in 1950. At
that time Mr. N P Black was Superintendent of the Iowa Department of
Banking. He went through the bank closings of the 1930's and granted
new bank charters only rarely, however he authorized the opening of an
office of the
Defiance State
Bank.in
Dow City. The Dow City Office was opened June 1955.
-
December 1969 the bank became a member of the Federal Deposit Insurance
Corporation. Depositors accounts became insured up to the maximum
amount allowed, e.g. $25,000, currently the amount of
insurance is
$250,000.
-
Earl L Powers
was employed
at Defiance State
Bank for 44 years.
Earl started working at
Defiance State Bank in 1958. Through his many years of service Earl held
positions as Bank Manager, President, and Chairman of the Board.
Earl held the position as Chairman of the Board until the time of his
death in April of 2002. Earl, and his knowledge of the Banking
Industry, will be greatly missed at
Defiance State
Bank.
The current board of directors are:
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Defiance Main Office |
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201 Main Ave.
PO Box 279
Defiance, IA 51527
(712) 748-3561
(712) 748-3299 fax |
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Dow City
Office |
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100 S. Franklin
PO Box 407
Dow City, IA 51528
(712) 674-3245
(712) 674-3466 fax
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