About Del Norte Bank
To get a better idea of who we are, we encourage you to read through the information below.
To get a better idea of who we are, we encourage you to read through the information below.
Del Norte Bank is a mutually owned, community bank providing all individuals, families, and businesses with a full slate of banking services.
We offer all the basic services you expect from a modern financial institution:
Del Norte Bank was chartered as Del Norte Building and Loan Association on May 9th, 1921 by Charles W. Donnen, William Johnson, Louie Eickenrodt, J.H. Weiss, and J.P. Russell. The purpose of the building and loan was to provide a safe place to save money and to offer financing for families to build homes. The Bank Charter was modified to Del Norte Federal Savings and Loan Association on May 14th, 1935 through the Federal Home Loan Bank System and was authorized by the Home Owner’s Loan Act of 1933. In 2007, the bank moved to its current, modern facility.
Today we are still organized as a mutual savings and loan. As a result of dramatic changes to the economic and regulatory environment during and after the Great Recession of 2008, the bank was structured within a mutual holding company and was converted to a state charter.
These changes provide more flexibility in capital raising and more local representation within the regulatory environment. Deposit insurance from the FDIC remains in full force and effect.
Since the bank is wholly owned by a mutual holding company, the bank is owned by its depositors. This means we are not bound by demands of stockholders and can focus entirely on the welfare of the community and our members.
Our mission hasn’t changed much since those early days, except to open up more products and services to both individuals and businesses.
Del Norte Bank has always been, and currently is, a vital, stable part of the community, and we look forward to many years of serving our customers with modern banking products. We remain TRUE to the community with a strong financial condition—we are LOCAL because we’re owned mutually by our depositors—and after all, we’re a BANK offering the many products and services our customers need to succeed in today’s demanding world. That’s exactly why we’re a TRUE. LOCAL. BANK.
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March 18th, 2019
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