Question 1

What is Hustisford State Bank?

Accepted Answer

Hustisford State Bank is a small, locally owned community bank serving the Hustisford area in southeastern Wisconsin. With approximately $78.5 million in assets, the bank provides personalized banking services to residents and businesses in Dodge County and the surrounding Beaver Dam micropolitan area.

The bank operates from a single location in the village of Hustisford, maintaining a traditional community banking model focused on local relationships and customer service. As one of Wisconsin's long-standing community banks, it has served generations of families in the area for over a century.

Question 2

When was Hustisford State Bank founded?

Accepted Answer

Hustisford State Bank was founded in 1902 with working capital of $25,000. Edgar W. Boeing served as the first bank president when the institution opened its doors to serve the local community.

The bank's history includes a brief interruption during the Great Depression when it temporarily closed from July 1932 to May 1933. However, with this exception, the bank has provided continuous service to the Hustisford area for over 110 years, weathering numerous economic cycles and maintaining its commitment to local banking.

Throughout its history, the bank has adapted to changing times while maintaining its core focus on community-based relationship banking. Mark E. Larson joined the bank in 2001 and has served as president, continuing the institution's tradition of local leadership.

Question 3

Where is Hustisford State Bank headquartered?

Accepted Answer

Hustisford State Bank is headquartered in Hustisford, Wisconsin, a small village in Dodge County. The current banking facility is located at 201 S. Lake Street.

The bank has occupied three different buildings during its history. The original two-story brick structure was built in 1901 at a cost of $5,700 at 129 N. Lake Street. After that building burned to the ground on November 8, 1912, it was immediately replaced with a similar structure at the same location. In 1971, operations moved to a new one-story facility at 201 S. Lake Street, which was renovated and expanded in 1984. In December 2007, the bank relocated to a new two-story facility directly across the street from the previous location.

Question 4

Where does Hustisford State Bank operate?

Accepted Answer

Hustisford State Bank operates exclusively in the Hustisford area of Dodge County, Wisconsin, within the Beaver Dam micropolitan statistical area. The bank maintains a single full-service office, reflecting its concentrated focus on serving the local community.

Hustisford is a small village in southeastern Wisconsin, and the bank's market area includes surrounding rural communities and towns in the region. The bank's strategy centers on deep market penetration and relationship building within its core geographic area rather than geographic expansion.

Question 5

What services does Hustisford State Bank offer?

Accepted Answer

Hustisford State Bank provides traditional community banking services including personal and business checking accounts, savings accounts, money market accounts, and certificates of deposit. The bank offers FDIC-insured deposit products to protect customer funds.

On the lending side, the bank provides residential mortgages, consumer loans, agricultural loans, and commercial lending to local businesses. The bank's lending officers work directly with customers to structure financing solutions appropriate for their needs.

While specific digital banking offerings are not extensively documented, modern community banks of this size typically provide online banking and mobile banking services. The bank focuses on accessible, personalized service through its single office location where customers can work directly with bank staff.

Question 6

What makes Hustisford State Bank unique?

Accepted Answer

Hustisford State Bank stands out as one of Wisconsin's oldest continuously operating community banks, ranking as the third oldest bank still operating in the state. The institution's longevity of over 110 years demonstrates remarkable stability and adaptability through major economic disruptions including the Great Depression, multiple recessions, and significant technological transformations in banking.

The bank's single-office model allows for highly personalized service where staff members know customers by name and understand their individual financial needs. This concentrated focus contrasts with multi-branch regional banks and creates a truly local banking experience.

The bank has shown resilience through economic challenges, including surviving the Great Depression with only a brief closure period. Its ownership structure as a locally owned institution means profits stay in the community and decision-making remains local.

Question 7

What type of financial institution is Hustisford State Bank?

Accepted Answer

Hustisford State Bank is a state-chartered commercial bank operating under Wisconsin banking regulations and FDIC supervision. The institution is a community bank in the truest sense, focusing exclusively on serving a specific local market.

As a state-chartered bank, it operates under the regulatory framework of the Wisconsin Department of Financial Institutions while also maintaining FDIC insurance for depositors. The bank represents the traditional model of community banking that has served small towns and rural areas throughout American history, emphasizing local ownership, local decision-making, and deep community ties over geographic expansion or product complexity.

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