Longtime Area Banker, Dave Wood, Dies at 82
by Watch Staff
Nov 30, 2012 | 1783 views | 0 0 comments | 3 3 recommendations | email to a friend | print

OURAY – Dave Wood, longtime president of the Citizens State Bank of Ouray, has died at age 82 at his home in Palm Desert, Calif.

Wood’s daughter, Sarah Farrar, was with him when he passed away on Sunday, Nov. 25.

According to current bank president Dennis Reese, Saturday, Dec. 8 has been set as a “tentative date” for a service in Ouray. “I’m sure they are going to need a lot of room” to accommodate all of the people Wood touched, Reese said on Tuesday this week.

Wood was with the bank for 51 years, beginning in Sept. 1961. (Citizens State Bank will celebrate its 100th anniversary in Aug. 2013.) Under his leadership, the bank added branches in Naturita, Ridgway and Silverton, and was an area banking institution.

Reese, who took the reins in 2003 when Wood retired the presidency, said the CSB “served the whole region. My family came over from Telluride to bank in Ouray. The Bank of Telluride was not chartered until 1969. People from Norwood and Naturita used to come over here for their banking. Some of them still do.”

Wood, who was not related to the Dave Wood who hauled freight across his eponymous road from Montrose to Telluride in the 19th century, led a peripatetic youth, spending time in Whittier, Calif., in Grand Junction, and with a grandfather in Pueblo, Colo. He went to high school in Grand Junction and graduated from the University of Colorado at Boulder. After retirement, Reese said, the richer air and lower elevation of the California desert “was good for Dave’s heart.”

Wood’s wife, Mary, preceded him in death last year. In addition to Sarah, he is survived by two other children, John and Martha.

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