Question 1

What is Bank of Brodhead?

Accepted Answer

Bank of Brodhead is a true independent community bank serving south-central Wisconsin with a focus on personalized service and community partnership. With approximately $397 million in assets and 4 branch offices, the bank provides comprehensive financial services to individuals, families, and businesses in Green County and surrounding areas. As an independent institution with over 450 shareholders, Bank of Brodhead has maintained its community banking mission for over a century.

Question 2

When was Bank of Brodhead founded?

Accepted Answer

Bank of Brodhead was founded on April 30, 1896, when several members of the Brodhead community applied for and received a state charter. The bank opened its doors in the Laube Building with $50,000 in capital and C.N. Carpenter serving as its first President.

Throughout its history, Bank of Brodhead has achieved several significant milestones. In 1962, the bank moved to its current headquarters at 806 E. Exchange Street in Brodhead. The 1980s brought modernization of the drive-up window facilities.

In 1991, the bank introduced its first convenient drive-up ATM and began offering Visa Check Cards to customers. In 1996, the bank expanded into the insurance industry by purchasing the Parker-Anderson Insurance Agency from Priscilla Parker and began offering internet service to the public. A major 8,000 square foot expansion was completed in 1995.

The bank embraced digital technology in 2004 by launching its first website and offering online banking services to customers.

Question 3

Where is Bank of Brodhead headquartered?

Accepted Answer

Bank of Brodhead is headquartered in Brodhead, Wisconsin, with its main office located at 806 East Exchange Street. Brodhead is a community in Green County in the south-central region of Wisconsin.

Question 4

Where does Bank of Brodhead operate?

Accepted Answer

Bank of Brodhead operates in south-central Wisconsin through 4 branch locations serving Green County and nearby communities. The bank maintains offices in Brodhead (headquarters at 806 East Exchange Street), Orfordville (303 E Spring Street), and New Glarus, serving both local residents and the broader Madison, WI metropolitan statistical area.

The bank's market encompasses both traditional agricultural communities and growing suburban areas, allowing it to serve diverse customer segments from multi-generational farming families to young professionals and small business owners.

Question 5

What services does Bank of Brodhead offer?

Accepted Answer

Bank of Brodhead offers comprehensive financial services for both personal and business customers. Personal banking products include various checking and savings accounts, certificates of deposit, Individual Retirement Accounts (IRAs), and consumer loans. The bank provides residential mortgage products with competitive rates for 15-year, 20-year, and 30-year fixed-rate loans.

Business banking services feature business checking and savings accounts, commercial lending, business loans, and cash management services designed to help local businesses manage their finances efficiently. The bank's loan portfolio reflects its diversified approach, serving both traditional Main Street businesses and agricultural operations.

Digital banking capabilities include comprehensive online banking services accessible through the bank's website at www.bankofbrodhead.com, allowing customers to manage accounts, pay bills, and conduct transactions electronically. The bank provides 24-hour customer service through its toll-free number (866-301-2121).

Traditional banking services such as wire transfers, safe deposit boxes, and notary services are available at branch locations. The bank also offers certificate of deposit products with competitive rates and various term options.

Question 6

What makes Bank of Brodhead unique?

Accepted Answer

Bank of Brodhead stands out as a true independent community bank with over 450 shareholders and a sincere dedication to its communities. Unlike banks owned by distant holding companies or stockholders, Bank of Brodhead maintains local ownership and decision-making, ensuring that customer needs and community priorities drive the bank's strategies and operations.

The bank's mission and vision statements reflect its distinctive community-focused approach. The bank's vision is "to be a strong, stable, independent community bank built on the community's trust since 1896," while its mission emphasizes "helping our community grow and prosper by providing outstanding financial service—both in product and advice—to meet their needs and fulfill their dreams."

Bank of Brodhead has earned recognition as the "community bank of choice" in Brodhead through over 125 years of consistent service. The bank actively participates in community events and maintains a strong presence in local civic and charitable activities, viewing its success as inseparable from the prosperity of the communities it serves.

The bank's longevity—nearly 130 years of continuous operation—demonstrates remarkable stability and community trust. This multi-generational track record provides customers with confidence that Bank of Brodhead will be a dependable partner for their financial needs today and into the future.

Question 7

What type of financial institution is Bank of Brodhead?

Accepted Answer

Bank of Brodhead is a State-Chartered Community Bank regulated by the FDIC and Wisconsin state banking authorities. The bank operates under a Wisconsin state charter and is not a member of the Federal Reserve System, functioning as a state non-member bank.

As a community bank, Bank of Brodhead focuses on serving the financial needs of individuals, families, and businesses within its defined geographic market rather than pursuing broader regional or national operations. The bank maintains FDIC insurance (FDIC Certificate #2455) and has provided depositors with federal deposit protection since receiving deposit insurance.

Bank of Brodhead is organized with a shareholder structure that includes over 450 individual shareholders, many of whom are local residents and customers. This broad-based local ownership reinforces the bank's independence and commitment to community banking principles.

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