Port Washington State Bank Elects New Chairman and Directors to Board
Port Washington, WI (December 15, 2016) - Port Washington State Bank, Ozaukee County's Community Bank since 1899, is proud to announce it has elected a new Chairman and welcomes three new Directors to its Board of Directors to allow for several retirements at is December 15th meeting.
Steven R.Schowalter has been elected Chairman of the Board of Port Washington State Bank. Steve, the bank's long-standing President and CEO, was elected during the November Board of Director's meeting. Steve replaces his father, Ronald J. Schowalter who retired from the Board after holding the position of a Director and later Chairman for 60 years. "Our bank remains in wonderful hands and I look forward to enjoying the continuing success of our institution under Steve's continued leadership," said Ron Schowalter, now Chairman Emeritus of the Board. Steve is a 49 year Wisconsin Banker, all of those years with Port Washington State Bank. He was elected to the board in 1974 and became President and CEO in 1991 succeeding his father. He was named the Wisconsin Bankers Association Community Banker of the Year in 2015. Succeeding Steve as Vice-Chairman is Mark D. Schowalter, Exec. VP and Chief Operating Officer of the bank with a tenure of 47 years with PWSB.
The bank is also proud to announce the appointment of three new Directors in recognition of the bank's continued growth exceeding one half billion dollars in assets and to accomodate the desire of long-tenured members to step back from active service. Joining the board are Andrew Petzold, a Mequon resident and principal owner and developer of high end commercial real estate company Concord Development. Joining Andrew will be John Armbruster, an active civic leader and 4th generation owner of Armbruster Jewelers in Cedarburg. Additionally, Gary D. Maples, is a retired former M&I Bank President in Superior and then Sheboygan. He is currently active with the Wisconsin Bankers Association, the American Bankers Association as well as the Graduate School of Banking as lead instructor for various curriculum. Gary currently operates River Edge Consulting LLC which serves a wide range of bank clientele with customized services. "These three individuals bring with them a wealth of knowledge and experience, along with a diversity of backgrounds so valuable to an organization such as ours as we continue to grow," said Steve Schowalter. Serving with the new group will be existing Directors Steve Schowalter, Mark Schowalter and James Schowalter.
Leaving the board along with Ron Schowalter are Frank Metz and Thomas Greisch who have collectively devoted 150 years of service to the Director role. "Their stewardship of this institution is without question an outstanding achievement for which we are ever grateful, "said Steve Schowalter.
Port Washington State Bank is a 117 year old 5 generation family owned and operated community bank with assets in excess of $535 million. It remains the largest independently owned and operated community bank headquartered in the county. Offices are in Port Washington, Belgium, Fredonia, Saukville, Cedarburg, Grafton and Thiensville opening in Spring of 2017. For more information, visit us online at www.pwsb.com
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Port Washington State Bank Announces New Thiensville Branch
Port Washington, WI (August 11, 2016) - Port Washington State Bank (PWSB) is pleased to announce construction of a new Thiensville branch location beginning in October 2016.
PWSB President and CEO Steve Schowalter indicated that the bank will build a 3,650 square foot, full-service facility with an anticipated grand opening in May of 2017. "Our staff is very excited about this expansion to the far south end of the county, " said Schowalter. "While the Thiensville and western Mequon market is now served by several regional bank offices, it was determined through market research and local outreach that the area would benefit from the services and involvement of a truly independent community bank. Port Washington State Bank already numbers many households and businesses as customers in the area and intends to build on and expand those and new relationshiops with this office."
The new facility will be built at the corner of Main and Spring Street on land which was acquired in early 2016. Schowalter continues, "Locating this office on Main Street, midway between the Mequon Town Center and the heart of downtown Thiensville well positions us as convenient financial resource and we will be Thiensville's only true local community bank." PWSB is the only independent bank exclusively serving Ozaukee County through its soon to be seven locations.
Schowalter notes that existing bank Vice President and veteran Ozaukee County banker, Ron Knaus will head the new branch. Ron's extensive knowledge of the southern county market and his broad set of banking skills will help us to continue to deliver the outstanding service and community support to the area that the PWSB brand is known for."
Port Washington State Bank is a full-service community bank, locally owned and operated for 117 years. Headquartered in Port Washington, the bank is principally owned and managed by the 3rd, 4th and 5th generation descendants of the founder. The bank ranks in the top 15% of banks as to size in Wisconsin with $525 million in assets insured by the FDIC and has 110 employees in its offices in Port Washington, Saukville, Fredonia, Belgium, Cedarburg and Grafton.