Six Wisconsin banks among best Community Banks in U.S.
By Paul Gores of the Journal Sentinel
April 9, 2014
Six Wisconsin banks are among the best-performing community banks in the nation, according to rankings released Wednesday by an industry research and information firm.
SNL Financial reported that among banks with assets between $500 million and $5 billion, Charter Bankshares Inc. in Eau Claire was Wisconsin's top-ranked banking firm in 2013, placing 25th in the U.S. Charter is the parent company of Charter Bank Eau Claire.
Green Bay's Nicolet Bankshares Inc., the parent company of Nicolet National Bank, was 50th, while First Manitowoc Bancorp Inc., which owns Bank First National, was 77th.
In the category of banks with assets of less than $500 million, Citizens State Bank of La Crosse was 43rd in the nation, while Bank of Kendall was 72nd and Peoples Bank Midwest, in Hayward, was 97th.
SNL, of Charlottesville, Va., said it ranked the best-performing community banks using six core financial performance metrics that focus on profitability, asset quality and growth for the l2-month period ended Dec. 31.
About Charter Bank
An independently owned community bank, Charter Bank operates one location: 1010 West Clairemont Avenue, Eau Claire, Wisconsin. As an Eau Claire banking institution, our headquarters emphasizes that we are local and here to serve our community with local decision-making to benefit our community. As we are pleased to remind our many loyal customers, Charter Bank is “Good For You . . . . . And Our Community, Too!”
Founded in 1980, we were a de novo (new) bank, modestly starting operations in a trailer on Clairemont Avenue. Today, with assets surpassing $560 million, we remain on Clairemont Avenue in an attractive building constructed in 2006 a few yards from where we began. The difference is that now we are the largest community bank in the Chippewa Valley with excellent ratings in the banking industry.
Our growth is the result of our dedication to our customers, providing them financial products which exceed expectations, including our Bright Future membership, College Fund, high-yield savings accounts, and interest-bearing checking accounts.
When one reviews the experience of our lending team, the result is that our lending team has over 200 combined years of lending experience! As a result, we have shown exceptional growth in loan clients and in loan balances.
The foundation of our success, however, is the loyal patronage of thousands of Chippewa Valley residents. For that reason, Charter Bank is a partner with the entire community to work together toward a better future.