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The Bank of Denver


Overview / Commentary
www.thebankofdenver.com
303-572-3600
810 E. 17Th Ave.
Denver, CO 80218

The Bank of Denver is headquartered in Denver and is the 36th largest bank in the state of Colorado. It is also the 2,587th largest bank in the nation. It was established in 1941 and as of March of 2022, it had grown to 45 employees at 4 locations. The Bank of Denver has an A health rating.

Related Posts

Changes To Kasasa Cash Account And Saver Accounts - 10/12/2021

Pretty drastic cut in max amounts. With 12 charges at $5, not worth it for 10K at 1.98%. The Balance Caps for Kasasa Cash and Kasasa Saver are Dropping Effective with the qualification cycle beginning November 17, 2021, the balance caps are dropping on Kasasa Cash and Kasasa Saver accounts. The following changes will occur: Kasasa Cash Tier/Cap: Will change from $25,000 to $10,000 Rate: No Change Kasasa Saver Tier/Cap: Will change from $50,000 to $25,000 Rate: No Change Consequently, when Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, balances up to and including $10,000 receive APY* of 2.00% (1.98% interest rate) and balances over $10,000 earn 0.25% interest rate on the portion of the balance over $10,000, resulting in a range from 2.00% to 0.41% APY depending on the account's balance. The Kasasa Saver account balances up to and including $25,000 receive APY of 1.00% (0.99% interest rate) and balances over $25,000 earn 0.25% interest rate on th

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Reviews (6)

Full Service Bank!

Posted by: |

I've got to give The Bank of Denver "kudos"! This bank is a "full service bank", providing a good savings rate plan for one's checking account,, a fair requirement to earn savings on one's checking account by qualifying through fair debits to the account each accounting period. Further, those checking savings each qualifying month are transferred to your savings account. Additionally, the savings account earns a better than average competitive interest rate also. Further, they offer a better than average CD rate. The Bank of Denver has excellent communication and assistance. When things go wrong for some reason, which happens to all banks from time-to-time, we have to be understanding.
We are in difficult times, and The Bank of Denver is the best that I have encountered to assist me as a "Big Saver", to meet my goals as best it can during these financially challenging times!!! Thank You Bank of Denver!!!

1

Rude Customer Service And Cut Interest Rates

Posted by: |

I had closed the account because their interest rates cut. Then I got a letter in the mail months later saying my account was dormant. I called and got transferred to billing department. If you ask her a question, she'll say "I don't know" and be silent, rather than FIND the answer. I had to ask her a bunch of questions to get her to do something, i said thanks and she said "uh huh" and hung up. So rude and completely unprofessional. There are much better banks out there.

2

Really Horrible Experience

Posted by: |

One of the worst banks I ever dealt with. They change the rules all the time so be careful as you can get caught in situations where your money is sitting with almost no interest.

3

Toxic Bank

Posted by: |

horrible customer service
anti-customer
impossible to work with
unless you're in a branch, can't get money in or out without hassle

3

Bank Is Struggling...

Posted by: |

The reps have really struggled to provide quality customer service. The bank misdirected my opening deposit that was withdrawn from my external bank via ACH. BOD staff asked me to work with that external bank's back end staff to provide ACH documents that I'd never seen in my life, and was told that BOD should have handled, but couldn't,,, This episode was repeated with other errors in my first two months. By the time the errors completely stopped months later, BOD had lowered its interest rate, raised qualification requirements, and have stopped accepting out of state customers. For me personally, I've had enough...

4

Worst Bank Ever!!!

Posted by: |

If I could put 0 stars I would. Our account has been hacked 4 times since 2009. Then we get fees for going into overdraft because of these fraudulent charges on our account and the bank tells us we are responsible because the card is in our possession!!!& I have never been with a bank that holds you responsible when someone steals your information. It is basically like saying you can't use your card anywhere because if they steal your info you are responsible. I would never recommend anyone get an account here. Plus they do not have 24 hour assistance so we had to wait a day to report fraudulent activity on our account. They don't have convenient locations and where we live you have to drive all the way across town to make deposits or withdrawal money.

9


Health
A

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17244
Year Established1941
Employees45
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD6.54%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$284.3MM$273.1MM
LoansQ1 2022vs Q1 2021$167.5MM$154.8MM
DepositsQ1 2022vs Q1 2021$261.6MM$248.2MM
Equity CapitalQ1 2022vs Q1 2021$22.3MM$24.2MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.8MM$1.8MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$52.00K$134.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Bank of Denver; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Bank of Denver Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.25% → $50k+
0.20%$100-CBT and GVA Union Accounts
0.15%$100-Regular Savings
0.15%$100-Business Savings

The Bank of Denver Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*$250kPersonal Money Market
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k
0.30%*$50k*$250kBusiness Money Market
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k

The Bank of Denver Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kKasasa Cash
OTHER TIERS: 0.25% → $25k+
0.15%$100-Business NOW Account

The Bank of Denver CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-1 Year CD
0.25%$5k-1 Year Option CD
0.25%$95k-90 Day Jumbo CD
0.25%$95k-6 Month Jumbo CD
0.25%$95k-1 Year Jumbo CD

The Bank of Denver IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-1 1/2 Year Fixed IRA
0.75%$100-1 1/2 Year Variable IRA
Locations


The Bank of Denver Locations
Leetsdale Branch530 S Holly StreetDenver, CO 80246
Golden Triangle Branch606 West Colfax AvenueDenver, CO 80204
Uptown Branch800 East 17th AvenueDenver, CO 80218
The Bank Of Denver810 East 17th AvenueDenver, CO 80218

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