Commerce State Bank breaks ground in Sheboygan

By Daily News Staff

August 30, 2017

From left, Dane Checolinski (EDFP, Sheboygan County Economic Development), Anthony Jovanovich (Board of Directors with Commerce State Bank, retired chief executive officer and chairman community bank and trust), Joel Sandee (market president, Commerce State Bank), Tom Brickley (vice president commercial lending, Commerce State Bank), Steven Schmitt (president of Jos. Schmitt Construction), Paul Richter (AIA, project architect of Zimmerman Architectural Studios), Mike Vandersteen (Sheboygan mayor), Joe Fazio (chief executive officer, co-founder of Commerce State Bank), Dave Borchardt (chief operating officer, chief financial officer, co-founder of Commerce State Bank), State Rep. Terry Katsma, Reed Schmitt (executive vice president, chief financial officer of Jos. Schmitt Construction), Betsy Alles (executive director, Sheboygan County Chamber of Commerce), Wendy Conto (vice president mortgage lending, Commerce State Bank), Eric Hesselink (vice president commercial lending, Commerce State Bank) and Darrell Hofland (Sheboygan Administrator) pose for a photo after breaking ground on a Commerce State Office location Aug. 22 in Sheboygan.
Submitted photo

Commerce State Bank broke ground Aug. 22 for an office at the corner of Kohler Memorial Drive and North 23rd Street in Sheboygan, the company said.

In a news release, the West Bend-based company said the new location will be open next summer.

“The city of Sheboygan welcomes Commerce State Bank’s latest investment in the community,” said Darrell Hofland, Sheboygan city administrator, in the release. “The new office on Kohler Memorial Drive positions the bank at the gateway to our community, a location that will benefit both Commerce State Bank and the city of Sheboygan.”

Joe Fazio, CEO and cofounder of Commerce State Bank, added, “We hired the best local banking talent in Sheboygan area and with this new building, they will be in the best banking facility in the county. We will continue investing in the local Sheboygan community.”

Opened in August 2005, Commerce State Bank is a full-service state chartered bank with additional offices in Cedarburg and Elm Grove.

“Today, the bank has total assets of $535 million, making it the 38th-largest bank in the state of Wisconsin,” the release said.