It is with great sadness that we announce the passing of Donald Lawrence Sturm, a leader and philanthropist, who departed this world peacefully on Aug. 17, 2024, at the age of 92. “The banking and business industries have lost a friend, mentor and visionary,” reflected Jenifer Waller, president and CEO of Colorado Bankers Association.
Born in Brooklyn, New York, in 1932 to Mark and Sophie Sturm (of blessed memory), Don’s remarkable life journey began with a strong educational foundation, culminating in a Juris Doctorate from the University of Denver and a Master of Laws in Taxation from New York University.
Don’s distinguished career began as a trial attorney for the IRS before he joined Peter Kiewit Sons’ Co. in Omaha, Nebraska. Over 28 years, he ascended to the position of vice chairman, where he was instrumental in significant acquisitions and groundbreaking projects, including the landmark 1984 acquisition of Continental Group Inc., and the development of China’s first modern coal mine. His expertise in negotiation and strategy left an indelible mark on the industry.
In 1991, after leaving Kiewit, Don transitioned to entrepreneurship, real estate development and investment. He played a pivotal role in shaping Colorado’s landscape, acquiring multiple banks that formed ANB Bank and spearheading the development of the Meadows at Historic Castle Rock, now home to over 20,000 residents. His vision was also evident in the redevelopment of Cherry Creek, exemplified by the transformation of the old Tattered Cover building into Fillmore Plaza.
Don’s impact extended far beyond business. His philanthropic efforts enriched numerous institutions across Colorado, including Judaism Your Way, the University of Denver’s Sturm College of Law and the Jewish Community Center of Denver. His enduring belief in the power of individuals to effect change was reflected in his substantial foundation, dedicated to improving lives across the state.
Inducted into the Colorado Business Hall of Fame in 2022, Don was renowned for his sharp wit, strategic thinking and unwavering personal ethics. “Don approached every issue with a keen sense of curiosity, fairness, integrity and humility,” stated Koger Propst, CEO of ANB Bank. “The banking industry is built on trust. Trust is given to us by our customers and communities, and as ANB Bank’s primary owner and chair of our board for over 35 years, Don keenly understood that it must be vigilantly safeguarded. Don was our North Star … our moral compass,” Propst concluded.
He was a devoted husband to Susan Sturm (née Morgan), with whom he shared 36 years of love, and a loving father to four children: Robert, Melanie (Marc Zachary), Stephen (Sydney Hodgson Sturm) and Emily Sturm Ehrens (Ben Ehrens). He also cherished his grandson, Zane Zachary, and a wide circle of friends and family, all of whom were touched by his kindness and commitment to strong familial bonds.
Don Sturm leaves behind a legacy of high-impact philanthropy, business acumen and a deep belief in the power of community. He will be forever missed and remembered for the brightness he brought into the lives of all who knew him.
