Question 1

What is The Peoples Community Bank - Wisconsin?

Accepted Answer

The Peoples Community Bank - Wisconsin is a community-oriented state-chartered commercial bank headquartered in Mazomanie, Wisconsin. With approximately $388 million in total assets and $341 million in deposits, the bank specializes in commercial lending and serves communities across southwestern Wisconsin in the Madison metropolitan area.

The institution operates six full-service branch locations and employs approximately 48 people. As a member of the FDIC, The Peoples Community Bank focuses on building long-term relationships with customers through personalized service and local decision-making authority.

Question 2

When was The Peoples Community Bank - Wisconsin founded?

Accepted Answer

The Peoples Community Bank has its roots dating back to November 2, 1891, when The Peoples State Bank first opened its doors in Mazomanie with $10,000 in invested capital. The bank successfully weathered the Great Depression without any losses to depositors, establishing a foundation of financial stability and trust.

In 1938, businessman Irwin LeCocq Sr. purchased a controlling interest in the bank and established core values of honesty, integrity, respect, and commitment that continue to guide the institution today. The bank expanded through strategic acquisitions, purchasing the Arena State Bank in 1938 and the Barneveld branch of M&I Bank in 1999.

On July 15, 2005, a transformative merger took place between The Peoples State Bank of Mazomanie and Community Bank Spring Green and Plain (which had opened in 1996) to form The Peoples Community Bank. This merger combined two talented teams and expanded the bank's geographic reach across southwestern Wisconsin. In 2014, the bank further expanded by opening a loan office in Richland Center and later that year purchased the former Richland Center Federal Savings and Loan from AnchorBank.

Question 3

Where is The Peoples Community Bank - Wisconsin headquartered?

Accepted Answer

The Peoples Community Bank - Wisconsin is headquartered at 222 W Commercial Street in Mazomanie, Wisconsin 53560. Mazomanie is located in Dane County, positioned in the scenic southwestern region of the state along the Wisconsin River valley.

The headquarters location maintains the bank's connection to its founding community while serving as the central hub for operations across its branch network.

Question 4

Where does The Peoples Community Bank - Wisconsin operate?

Accepted Answer

The Peoples Community Bank - Wisconsin operates exclusively within southwestern Wisconsin, with six full-service branch locations strategically positioned throughout the Madison metropolitan statistical area. The bank's footprint includes communities in Dane and Richland counties.

The bank's branches serve Mazomanie (headquarters), Arena, Barneveld, Spring Green, Plain, and Richland Center. This regional focus allows the bank to maintain deep community connections while serving both rural and suburban markets in one of Wisconsin's most economically vibrant regions centered around the state capital of Madison.

Question 5

What services does The Peoples Community Bank - Wisconsin offer?

Accepted Answer

The Peoples Community Bank - Wisconsin provides a comprehensive suite of personal and business banking services designed for community needs. On the retail side, the bank offers checking and savings accounts, certificates of deposit, residential mortgages, home improvement loans, and consumer loans for personal purposes.

For business customers, the bank specializes in commercial and industrial loans, commercial real estate financing, and construction and development loans. The bank has particular expertise in agricultural lending, providing financing for farm operations, equipment, and agricultural production—a natural fit given its location in Wisconsin's farming communities.

Digital banking services include a mobile banking app available for both iOS and Android devices, featuring mobile check deposit, bill pay, account transfers, and account management tools. The bank also offers online banking with external transfer capabilities, e-alerts, and secure messaging. Additional services include debit card management within the app and ATM access for customer convenience.

Question 6

What makes The Peoples Community Bank - Wisconsin unique?

Accepted Answer

The Peoples Community Bank - Wisconsin distinguishes itself through its deep historical roots dating back to 1891 and its commitment to local decision-making. Unlike larger regional or national banks, loan decisions are made locally by bankers who understand the community and can respond quickly to customer needs.

The bank's specialization in commercial lending, particularly within the agricultural sector, sets it apart as a financial partner that understands the unique cash flow patterns and financing needs of Wisconsin farmers and agribusinesses. With commercial lending specialization designated in its FDIC profile, the bank has built expertise in serving business customers of all sizes.

The institution maintains strong family-oriented values and community involvement, having been guided by multiple generations of leadership including the LeCocq family. Despite its modest size with 48 employees, the bank has demonstrated impressive financial performance with a return on assets of 1.34% and return on equity of 11.97%, indicating efficient operations and strong profitability compared to industry peers.

Question 7

What type of financial institution is The Peoples Community Bank - Wisconsin?

Accepted Answer

The Peoples Community Bank - Wisconsin is a state-chartered commercial bank with a commercial lending specialization. As a state bank, it operates under Wisconsin state banking laws and is regulated by both the FDIC and Wisconsin Department of Financial Institutions, though it is not a member of the Federal Reserve System.

The bank functions primarily as a community bank, meaning it focuses on relationship-based banking within a defined geographic market rather than pursuing national expansion. Its commercial bank classification reflects its dual focus on both consumer banking services and business lending activities. The commercial lending specialization designation highlights that a significant portion of its loan portfolio consists of business-related financing, including commercial real estate, commercial and industrial loans, and agricultural lending.

This structure allows The Peoples Community Bank to operate with the flexibility and local responsiveness of a community institution while maintaining the regulatory oversight and deposit insurance protection that customers expect from an FDIC-insured bank.

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