After a cumulative effort $16,000 was raised for the inception of the State Bank of Reeseville. On this historic date the original founders L.J. Bennett, F.J. Venie and A.C. Baker convened to resolve the first bank officers by naming F.J. Venie as President and M.F. Venie Vice President. The foundation of the bank commenced with Board of Directors: F.J. Venie, M.F. Venie, and A.C. Baker. The Certificate Incorporation was dated September 18, 1902 with the first day of business commencing on October 1, 1902.

The Officer leadership expanded in January 1903 with the addition of Joseph O. Myers engaged as Cashier and in August of that year joining the Board of Directors as Secretary.

On January 19, 1924 the bank recorded growth to $315,761.21 in deposits, loans $283,461.72 with total assets of $364,422.12. Balance sheet growth continued up to the horrific economic down turn in the Nation known as the “Great Depression”. This did lead up to the fated date of August 20, 1932 the State Banking Department declared the bank’s capital impaired. The department advised the shareholders to sign voluntary assessments by its 300 outstanding shares which voted unanimously further sought depositors to sign waivers for 15% of existing deposits to be available from a Trust Fund and the balance 85% redeemable over a 3 year period. This effort met the minimum required depositor acceptance at 80% signed waivers and in just (2) days the bank was re-opened for business!

During this time the Village of Reeseville supported (2) community banks. On May 15, 1930 the State Bank of Reeseville approved the purchase of the Peoples State Bank of Reeseville, which was finalized on December 20, 1930.

The Board of Directors met and on November 24, 1933 resolved to become a member of the newly formed temporary FDIC fund which has become permanent with the bank’s customers deposits remaining insured as defined under present day eligibility. With the slow economy from this date forward the bank recorded on October 26, 1940 total assets of $580,944.70 with deposits of $486,696.22 and loans $285,486.10.

On Jan 11, 1961 G.W. Yerges joined the bank which solidified the history of the institution by his service in various roles including a board of director role, President & CEO, with formal retirement August 30, 2007. G. W. Yerges remains engaged with the bank as an Officer and Director of the Holding Company and serves on the banks Board of Directors. His career spanned over 46 years!

Many significant accomplishments were experienced under the leadership of G.W. Yerges, one in particular is the acquisition of the Clyman State Bank, Clyman WI. This venture was concluded on May 13, 1986 and continues today from the banks relocation of the Clyman operations to Watertown WI.

The years are many, yet the banks vision and commitment to its customers remains the same. This important component found in the success of the organization remains on the commitment to the customers and communities in which it serves.

We are pleased to exceed your banking expectations and thank you for the years of loyalty to

It is our honor to present you with a listing of our Board of Directors and thank them for their ongoing leadership and support: