Question 1

What is State Bank of Newburg?

Accepted Answer

State Bank of Newburg is a community-focused state bank serving Washington County, Wisconsin, with a specialization in personalized banking services for individuals and businesses. With approximately $326 million in total assets and two office locations, the bank operates within the Milwaukee-Waukesha metropolitan area, providing traditional banking products with an emphasis on local community relationships.

The bank maintains strong financial performance metrics, with a return on assets (ROA) of 1.89% and return on equity (ROE) of 11.53%, indicating solid profitability and efficient management.

Question 2

When was State Bank of Newburg founded?

Accepted Answer

State Bank of Newburg was founded on December 12, 1911, with modest beginnings that included just two employees and $12,000 in initial capital. The bank's first president was John J. Reichl, who remarkably served in that capacity for 51 years from 1911 to 1962, though he never worked at the bank full-time. Reichl was the owner of Reichl's General Store in Newburg, demonstrating the close ties between local businesses and the banking institution.

The bank was originally located at 614 Main Street in Newburg, which is now the site of the Newburg Village Hall. Over its 110+ year history, State Bank of Newburg has evolved from a small-town operation to a community bank serving a broader region while maintaining its commitment to personalized service.

Question 3

Where is State Bank of Newburg headquartered?

Accepted Answer

State Bank of Newburg is headquartered in Newburg, Wisconsin, located in Washington County. The bank's main office is currently situated at the corner of Congress Drive and Highway 33, where it relocated in 2000. An expansion was completed in 2013 that added five new offices, additional bathrooms, a larger break room, and increased storage space.

Question 4

Where does State Bank of Newburg operate?

Accepted Answer

State Bank of Newburg operates throughout Washington County, Wisconsin, with two branch locations serving the region. The bank's original location is in the Village of Newburg, while a second, newer location opened in West Bend at the corner of Highway 144 and N. Main Street (300 Congress Drive).

The West Bend location, which opened following the bank's $2 million property acquisition in 2022, was specifically designed to accommodate clients traveling from the northwestern part of Washington County and areas further north. This 5,476 square-foot facility features modern amenities including 50 parking stalls and contemporary architectural design.

The bank primarily serves customers within the Milwaukee-Waukesha metropolitan statistical area, focusing on local communities rather than pursuing statewide expansion.

Question 5

What services does State Bank of Newburg offer?

Accepted Answer

State Bank of Newburg offers a comprehensive range of banking services for both personal and business customers, including:

Personal Banking:
• Checking and savings accounts
• Certificates of deposit (CDs)
• Consumer loans
• Home mortgages and home equity loans
• Personal lines of credit

Business Banking:
• Business checking and savings accounts
• Commercial loans
• Business credit services
• Cash management solutions

Digital Banking Services:
• Online banking platform accessible 24/7
• Mobile banking app with mobile deposit capabilities
• Bill pay services
• Account alerts via email and text
• Electronic statements (eStatements)
• Debit card management and controls
• Digital wallet integration for contactless payments

The bank emphasizes personalized customer service and maintains FDIC insurance, providing depositors with protection backed by the full faith and credit of the U.S. government.

Question 6

What makes State Bank of Newburg unique?

Accepted Answer

State Bank of Newburg distinguishes itself through several key characteristics:

Longevity and Stability: With over 110 years of continuous operation since 1911, the bank has demonstrated remarkable staying power through multiple economic cycles, world wars, and financial crises. This long-standing presence reflects deep community roots and trusted relationships.

Local Focus: Unlike larger regional or national banks, State Bank of Newburg maintains an intentionally local focus, with all decision-making happening within the community rather than at distant corporate headquarters. This enables faster response times and more personalized service.

Strategic Growth: Rather than rapid expansion, the bank has pursued measured, strategic growth. The addition of the West Bend location in 2022-2023—the bank's first expansion in over two decades—demonstrates careful planning and responsiveness to customer needs while maintaining operational quality.

Community Investment: The bank actively invests in Washington County communities, with a business model centered on relationships rather than transactional banking. This approach has enabled the bank to maintain customer loyalty across multiple generations.

Question 7

What type of financial institution is State Bank of Newburg?

Accepted Answer

State Bank of Newburg is a community state bank chartered under Wisconsin state banking laws. As a state-chartered institution, it operates under the regulatory oversight of the Wisconsin Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC), which provides deposit insurance through FDIC Certificate #9529.

Community banks like State Bank of Newburg are characterized by their focus on relationship-based banking, local decision-making authority, and commitment to serving the financial needs of their immediate geographic area. Unlike national banks or large regional institutions, community banks typically offer more personalized service, greater flexibility in lending decisions, and deeper involvement in local community development.

The bank operates independently rather than as part of a larger holding company system, allowing it to maintain its community-focused mission and responsive customer service approach.

State Bank of Newburg

in the United States 🇺🇸

Crypto-Friendliness

All done!

About State Bank of Newburg in the United States