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Wisconsin Community Banker
January/February 2014
CHANGING SCENE
CBWOffers More Ways
to Connect
MADISON—Community Bankers of
Wisconsin is now on Facebook and
LinkedIn, providing another
way to stay connected and
share the latest industry
updates. Be sure to “like” your
association on Facebook and
“follow” CBW on LinkedIn
to join in the conversations.
Look for the Facebook and LinkedIn
icons on the Community Bankers of
Wisconsin website,
-
bankers.org.
BOLT (Building Our Leaders of
Tomorrow) also has its own Facebook
and LinkedIn pages, where commu-
nity bankers at all levels of experience
can engage on topics of leadership and
the future of the industry.
CBW invites you to share your own
bank social media successes, lessons
learned, and best practices. Comment
or share your thoughts on CBW’s sites
or send your ideas to Jami Erickson at
.
Bank Offers Rehab
Grants on Foreclosures
BROOKFIELD—North Shore Bank
and the City of Milwaukee will offer
grants to people looking to rehabilitate
tax-foreclosed houses. The $266,250
grant program, one of 15 awarded
by the Federal Home Loan Bank of
Chicago, will help 25 people repair
foreclosed homes that they buy from
the city.
Milwaukee currently owns more
than 1,300 tax-foreclosed properties,
two thirds of which are vacant.
Growth at Wisconsin
Bank & Trust
MADISON—Wisconsin Bank & Trust
is accelerating its mortgage business
having added eight mortgage loan
originators since September 2013. It
also opened three new offices in Wis-
consin last year, in Green Bay, Madi-
son, and Brookfield.
Kevin Tenpas, president and CEO
of the bank, was quoted as saying that
2013 was focused on “ramp[ing] up
mortgage origination capacity consis-
tent with our model of providing ‘big
bank’ products and services with a
level of service borrowers expect from
local community banks.”
Home Savings Ponders
Conversion
MADISON—Home Savings Bank has
provided details about plans filed last
summer to convert it from a mutual
savings bank to a stock-based savings
bank. The bank plans to offer up to
1.163 million shares at $10 each. At
least 748,000 shares would have to be
sold for the bank to reach its goal.
An additional 270,922 shares
would be available, also at $10 each, to
employees participating in the bank’s
401k retirement plan.
If the offering is successful, Home
Savings would form a holding com-
pany called Home Bancorp Wisconsin.
Waterstone Celebrates
Successful Stock Offering
WAUWATOSA—Waterstone Finan-
cial’s recent stock offering sold out all
25 million shares to bring the bank
$253 million. Eligible account holders
oversubscribed to the offering, which
will be used to convert the company
from a mutual holding company to
a stock holding company. The shares
represent a 73.5 percent ownership
stake of Lamplighter Financial MHC,
the existing mutual holding company.
Lamplighter will cease to exist fol-
lowing the close of the offering. The
remaining percentage of the company
is already publicly owned.
The company began trading on the
Nasdaq Global Select Market under
the listing WSBF in late January.
Northeast Wisconsin
Banks to Merge
MARINETTE & WAUSAUKEE—Two
community banks have announced
they will join forces to serve custom-
ers in the northeast part of Wisconsin.
Wausaukee-based PWB Bancshares,
the holding company of Bank North,
will merge into The Stephenson
National Bank Bancorp, Inc. head-
quartered in Marinette. The deal is
expected to close in fall 2014 pending
regulatory approval.
SNTB will have eight offices in
Wausaukee, Crivitz, Amberg, Pem-
bine, Marinette, Oconto, Wis., and
Menomonee Mich., as well as a trust
and investment office in Marquette,
Mich., with over $440 million assets
Compliance Program Highly Rated by Wisconsin Community Bankers
For the twelfth straight year CBW is sponsoring the Community Bankers for Compliance Program (CBC)
in 2014 with Young & Associates, a nationally recognized compliance consulting firm that specializes
in community banking. The CBC program is CBW’s most highly rated educational program.
The CBC program includes quarterly full-day seminars based on the most recent industry and regulatory developments, access to the Young & Associates
toll-free compliance hotline, and a CBC Members OnlyWeb site hosted by Young & Associates that provides timely compliance information and tools.
The quarterly compliance seminars offer peer networking and include a regulatory update and a comprehensive discussion of one or more compliance
regulations. Attendees receive a compliance manual each quarter that is generally in excess of 200 pages that can and is used as a reference to the changing
regulations and as a training manual for other employees.
If you have questions, contact:
Sandy Gruber at 608.833.2384,
or Rick McGuigan at 608.833.2382,
