Waukesha State Bank to mark 75 years this spring
As it looks ahead, community lending, service will remain primary mission


By CARA SPOTO - Freeman Staff

Dec. 16, 2015

                            

Waukesha State Bank founder Carl Taylor (left) posed in this January 1993 photo with his son Don Taylor and grandson Ty Taylor. At the time, the men, all of whom have served as president of the bank, were all members of the financial institution’s board of directors.

Submitted photo

WAUKESHA — When Waukesha State Bank opened its doors in 1944, it had a handful of employees, and one key mission — to provide banking services not just to the wealthy, but for the average joe as well.

As it prepares to celebrate its 75th anniversary this spring, the bank that started in an old record shop at 323 W. Main St. now boasts 13 branches and 300 employees, but its goal is still the same — to remain a community bank focused on serving the consumer banking and lending needs of Waukesha County residents and businesses.

“I don’t think anyone could have imagined 75 years ago that Waukesha State Bank would grow to be an almost billion dollar bank. Over the past 75 years, we’ve been able to help build businesses, fulfill home ownership dreams and help people save for their future,” Waukesha State Bank President & CEO Ty R. Taylor said of the bank, which remains independent and locally-owned to this day. “We look forward to 75 more years of serving the community.”

Local lending

As it looks ahead, Taylor said one of the things the bank will remain committed to is local lending. While national banks can and do lend money across a wide swath of the country, WSB makes its mission to invest in local Waukesha County businesses.

The bank takes its commitment to local business lending so seriously that it recently learned that it will once again be the recipient of a Wisconsin Small Business Administration (SBA) Volume Lender Award, this time for fiscal year 2018.

Waukesha State Bank’s mascot Friendly the Eagle (left); the bank’s Vice President - Marketing Manager, Stephanie Ohlfs; and its President and CEO Ty Taylor pose for a check presentation photo in September 2018 with Brian Schlei, athletics and activities director of Waukesha North High School.

Submitted Photo

According to a press release, the bank generated a total of 26 SBA loans totaling over $7.6 million between Oct. 1, 2017 and Sept. 30, 2018.

This is the second time in five years that WSB has received the award, which is awarded by the U.S. Small Business Administration.

“As an independent community bank, and one of the largest SBA lenders in Waukesha County, Waukesha State Bank is committed to investing in the communities we serve to create vibrant places to live and work,” Taylor said.

As part of its goal to support local businesses, the bank also tries to support local start-ups. In a given year, the bank typically lends money to one start-up business per month.

Giving

Another mission, the bank will remain committed to in the years ahead is local giving. In the last five years alone, WSB has given over $1.5 million to over 400 nonprofits, Taylor said.

As part of its commitment to local giving, the bank is allocating $75 to each of its employees in 2019 to donate to their favorite Waukesha County nonprofit organization, church or school.

Waukesha County nonprofits will also have a special opportunity to win a $5,000, $2,000 or $500 grant this year, as part of the bank’s anniversary celebrations. Applications for the grants will be available in March, with the winners being announced on June 14.

For more information on the bank’s anniversary events and promotions visit waukeshabank.com/celebrating- 75-years.

cspoto@conleynet.com 262-902-9082