Question 1

What is Partners Bank of Wisconsin?

Accepted Answer

Partners Bank of Wisconsin is a state-chartered commercial bank specializing in community banking services with a strong focus on commercial lending. Headquartered in Marshfield, Wisconsin, the bank operates three branch locations in the Wisconsin Rapids-Marshfield metropolitan area. With approximately $298 million in assets and $228 million in deposits, Partners Bank serves individuals and businesses throughout central Wisconsin with personalized banking solutions and local decision-making.

The bank is held by Stratford Bancshares Inc. and operates as a community bank, maintaining its commitment to building neighborhoods and supporting local businesses while offering modern digital banking services.

Question 2

When was Partners Bank of Wisconsin founded?

Accepted Answer

Partners Bank of Wisconsin traces its origins to June 13, 1908, when it was originally established as Spencer State Bank in Spencer, Wisconsin. The institution has operated continuously for over 116 years, adapting to the changing financial landscape of central Wisconsin.

In September 2002, the bank changed its name to Heritage Bank. The most significant transformation occurred on June 17, 2017, when the bank acquired Stratford State Bank (CERT #15174) in Stratford, Wisconsin, changed its name to Partners Bank, and relocated its headquarters from Spencer to Marshfield. Two days later, on June 19, 2017, the bank adopted its current name, Partners Bank of Wisconsin. The bank received FDIC insurance on January 1, 1934, during the early years of federal deposit insurance.

Question 3

Where is Partners Bank of Wisconsin headquartered?

Accepted Answer

Partners Bank of Wisconsin is headquartered at 907 N Central Ave, Marshfield, Wisconsin 54449. The bank relocated to Marshfield from Spencer, Wisconsin in June 2017 as part of a strategic expansion that included the acquisition of Stratford State Bank.

Marshfield is located in Wood County in central Wisconsin and serves as a commercial hub for the surrounding rural communities.

Question 4

Where does Partners Bank of Wisconsin operate?

Accepted Answer

Partners Bank of Wisconsin operates three branch locations throughout central Wisconsin in the Wisconsin Rapids-Marshfield metropolitan statistical area. The bank serves customers in Wood County and surrounding communities, maintaining a focused regional presence that allows for personalized service and deep community connections.

The bank's operating territory encompasses both rural and small-town markets in central Wisconsin, where it has built strong relationships with local families, farmers, and businesses over more than a century of service.

Question 5

What services does Partners Bank of Wisconsin offer?

Accepted Answer

Partners Bank of Wisconsin offers a comprehensive range of banking services for both personal and business customers, with particular expertise in commercial lending.

Personal Banking Services include checking and savings accounts, certificates of deposit, residential mortgages (including a new full-service secondary mortgage department), and personal loans. The bank provides 1-4 family residential loans, consumer auto loans, and home equity products.

Business Banking Services feature commercial checking and savings accounts, business certificates of deposit, and an extensive array of commercial lending products including multi-family residential mortgages, commercial real estate loans (both owner and non-owner occupied), construction and development financing, commercial and industrial loans, business lines of credit, commercial term loans, equipment financing, and site improvement financing for developers. The bank is a certified lender with the U.S. Small Business Administration (SBA) and has experience with programs from the Finance Authority of Maine (FAME), USDA Rural Development, and local Small Business Development Centers.

Digital Banking Services include free online banking with 24/7 account access, mobile banking apps for iPhone and Android devices, mobile check deposit, bill pay with e-presentment, Zelle for peer-to-peer payments, external transfers, personal finance management tools with budgeting features, e-statements, account alerts, and debit card controls that allow customers to set spending limits and block transactions in real-time. The bank's mobile app integrates with Quicken, QuickBooks, and Mint for seamless financial management.

The bank's loan portfolio is well-diversified, with significant concentrations in 1-4 family residential loans (23.83%), commercial real estate (17.81%), and commercial and industrial loans (17.36%), along with construction loans, farm loans, and small business lending.

Question 6

What makes Partners Bank of Wisconsin unique?

Accepted Answer

Partners Bank of Wisconsin distinguishes itself through its commercial lending specialization combined with community bank values. With over 116 years of history serving central Wisconsin, the bank emphasizes quick local decision-making and personalized service from dedicated commercial lending professionals who understand the unique needs of businesses in rural and small-town markets.

The bank's strong financial performance sets it apart, with a Return on Assets of 1.15% (well above many community bank peers) and a healthy capitalization ratio of 13.18%, indicating financial strength and stability. Its Texas Ratio of just 1.51% demonstrates exceptional asset quality with minimal problem loans.

Local expertise and flexibility define the bank's approach. Rather than relying on distant corporate decision-makers, Partners Bank provides financing solutions with local underwriting authority, allowing for faster approvals and customized loan structures. This is particularly valuable for agricultural clients, real estate developers, construction projects, and small businesses that require responsive service and flexible terms.

The bank's modern digital banking platform combines comprehensive online and mobile features—including card controls, personal finance management, and Zelle payments—with the personalized attention of a community bank, offering customers the best of both worlds.

Question 7

What type of financial institution is Partners Bank of Wisconsin?

Accepted Answer

Partners Bank of Wisconsin is a state-chartered commercial bank supervised by the Federal Deposit Insurance Corporation (FDIC). It operates under a state charter rather than a national charter and is not a member of the Federal Reserve System, making it a state non-member bank.

As a commercial bank, Partners Bank is authorized to accept deposits, make loans, and provide a full range of banking services to both individuals and businesses. Its designation as having a commercial lending specialization indicates that commercial and business banking represents a core competency and strategic focus, though the bank serves retail customers as well.

The bank operates as a community bank, which is reflected in its local ownership (held by Stratford Bancshares Inc.), its focused geographic footprint, its emphasis on relationship banking, and its commitment to supporting the economic development of the communities it serves. With 35 employees and three branch locations, Partners Bank maintains the personal service and local decision-making authority that characterize true community banking.

Partners Bank of Wisconsin

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About Partners Bank of Wisconsin in the United States