ANB Bank shuffles downtown branches

anb midlandLofts1

ANB Bank plans to open a branch in the high rise at 444 17th St. (Kate Tracy)

The 100-year-old Midland Savings and Loan building downtown soon will be home to bankers once again.

Denver-based ANB Bank plans to open a branch in the 1925 high rise at 444 17th St. by the end of this year, said Bob Mattucci of Realty Management Group, which oversees real estate for ANB.

“We like to own our property as opposed to being a tenant,” Mattucci said.

ANB will relocate a branch from a space it leases at 600 16th St.

The Midland Savings and Loan Company opened with $25,000 in its vaults in 1891, according to the building’s application for the National Register of Historic Places. By 1911, it had $1 million in assets.

And it continued to grow, so the bank assembled the land for its headquarters in 1920. By the time it broke ground on the 17th and Glenarm site in 1925, it was the largest savings and loan in Colorado. Building costs, according to the National Register, were nearly $340,000.

anb midlandLofts2

The buildings top floors were converted to lofts in 2000. (Kate Tracy)

The structure was designed by Colorado architects Fisher and Fisher, a firm known for using Italian Renaissance-inspired motifs in their high-rise commercial buildings. A local artist added 18 terra cotta gargoyles.

Midland remained in the building until the 1980s, when it was absorbed by Bank Western as a result of tumbling real estate values in Denver as well as the national savings and loan crash.

But the building’s banking days were not yet behind it. In the 1990s, the Cherry Creek National Bank moved in. It was one of the banks that Susan and Don Sturm purchased to start American National Bank, known today as ANB.

The Midland Building was converted into lofts from its second floor upwards in 2000. ANB purchased the commercial space on the building’s ground floor in December, with a $1.95 million bid in a public trustee auction.

ANB is having Open Studio Architecture redesign the retail space, Mattucci said. The bank will occupy 2,800 square feet, leaving 3,000 square feet for another tenant.

anb midlandLofts1

ANB Bank plans to open a branch in the high rise at 444 17th St. (Kate Tracy)

The 100-year-old Midland Savings and Loan building downtown soon will be home to bankers once again.

Denver-based ANB Bank plans to open a branch in the 1925 high rise at 444 17th St. by the end of this year, said Bob Mattucci of Realty Management Group, which oversees real estate for ANB.

“We like to own our property as opposed to being a tenant,” Mattucci said.

ANB will relocate a branch from a space it leases at 600 16th St.

The Midland Savings and Loan Company opened with $25,000 in its vaults in 1891, according to the building’s application for the National Register of Historic Places. By 1911, it had $1 million in assets.

And it continued to grow, so the bank assembled the land for its headquarters in 1920. By the time it broke ground on the 17th and Glenarm site in 1925, it was the largest savings and loan in Colorado. Building costs, according to the National Register, were nearly $340,000.

anb midlandLofts2

The buildings top floors were converted to lofts in 2000. (Kate Tracy)

The structure was designed by Colorado architects Fisher and Fisher, a firm known for using Italian Renaissance-inspired motifs in their high-rise commercial buildings. A local artist added 18 terra cotta gargoyles.

Midland remained in the building until the 1980s, when it was absorbed by Bank Western as a result of tumbling real estate values in Denver as well as the national savings and loan crash.

But the building’s banking days were not yet behind it. In the 1990s, the Cherry Creek National Bank moved in. It was one of the banks that Susan and Don Sturm purchased to start American National Bank, known today as ANB.

The Midland Building was converted into lofts from its second floor upwards in 2000. ANB purchased the commercial space on the building’s ground floor in December, with a $1.95 million bid in a public trustee auction.

ANB is having Open Studio Architecture redesign the retail space, Mattucci said. The bank will occupy 2,800 square feet, leaving 3,000 square feet for another tenant.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Banking

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *