Port Washington State Bank Renews Community Business Loan Programs
Port Washington, WI (March 24, 2015) - Port Washington State Bank (PWSB) is proud to announce that it has renewed six community business loan programs for 2015. Currently, loan programs are available in Port Washington’s Main Street District, the Village of Saukville, the Town of Cedarburg, the City of Cedarburg, the Village of Thiensville and Grafton’s South Commercial District. The loan programs allow current and prospective business owners to apply for low-cost, fixed-rate loans ranging from $5,000 to $50,000 to redevelop, purchase, enhance or make leasehold improvements to real estate. In addition, the loans can be used to purchase equipment and help defray start-up or other costs associated with business development.
“We designed these programs to help foster and grow our business communities,” said James Schowalter, the bank’s senior vice president and chief credit officer. “We have had a tremendous response and have been able to fund over 50 loans for $2.5 million since the programs’ inception in 2012,” Schowalter said.
New for 2015 is the elimination of the annual loan limit per municipality that was originally set at $250,000, Schowalter commented. “The need is great, and the bank is in a position to lend a hand to strengthen our business districts. Removing that limit allows more businesses to apply for these programs.”
Interested parties should contact PWSB directly or their specific municipality for more information.
Port Washington State Bank is a locally owned and operated, 116-year-old, five-generation community bank serving Ozaukee County through six full-service locations. Insured by the Federal Deposit Insurance Corporation, the bank has $482 million in banking assets under management and is the only locally owned and operated bank headquartered in and exclusively serving Ozaukee County.
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Schowalter Elected to Port Washington State Bank's Board of Directors
Port Washington, WI: Port Washington State Bank is proud to announce the appointment of James S. Schowalter to the bank's board of directors. The election was made at the annual shareholders meeting held January 20th, 2015. A 2003 Marquette University graduate, James joined PWSB in 2007 after spending five years with Wells Fargo Bank in the Milwaukee market. "James' present duties and experiences as Senior Vice President and Chief Credit Officer will be of great benefit to the board and as a bonus he will be our first member representing Generation X ." said Steve Schowalter, President and CEO. "Having a diverse Board that understands and spans the generations of our customer base is key to our ongoing success in reaching and serving our growing customer base" Schowalter said. "James also represents the 5th generation of our family to serve the bank and now the board as well," said Schowalter.
James and his wife Jennifer reside in Port Washington with their two sons Jack and Steven. Port Washington State Bank is a locally owned and operated 116 year old, five generation community bank serving Ozaukee County through six full service locations. Insured by the Federal Deposit Insurance Corporation, the bank has $482 million in banking assets under management and is the only locally owned and operated bank headquartered in and exclusively serving Ozaukee County.
Port Washington State Bank Makes Officer Appointment
Port Washington, WI: Port Washington State Bank is proud to announce the promotion of Shelly Hartmann to the position of Loan Servicing Officer. Shelly, a 16 year employee of the bank, rose to the position of Loan Servicing Officer after serving the bank in many other functions throughout her tenure. This role is responsible for oversight and control of the bank's active loan portfolios inclusive of commercial, home mortgage and consumer lending.
"Shelly's tireless dedication to the bank has allowed us to grow and prosper as the premier community bank in the county," said James Schowalter, the bank's Chief Credit Officer. She is highly regarded within our organization as well as outside of our organization as someone who values teamwork, hard work and uses critical thinking techniques to help move the bank forward. "She is a wonderful employee and we are very proud to honor her with this promotion," Schowalter said.
Port Washington State Bank is a locally owned and operated 116 year old, five generation community bank serving Ozaukee County through six full service locations. Insured by the Federal Deposit Insurance Corporation, the bank has $482 million in banking assets under management and is the only locally owned and operated bank headquartered in and exclusively serving Ozaukee County.
Port Washington State Bank Announces Officer Promotions
Port Washington, WI (March 4, 2014) - Port Washington State Bank has announced two promotions of its senior management staff for James Schowalter and Melanie Spencer.
James S. Schowalter has been promoted to the position of Senior Vice President-Chief Credit Officer and will continue to be responsible for oversight of all aspects of the bank’s lending divisions. This includes commercial, mortgage and consumer lending, as well as processing and servicing.
"This recognition is representative of the great work James has done in his role at PWSB,” said Steve Schowalter, President/CEO. “His passion and commitment to community ensures the high level of service and quality at our bank will continue.” A graduate of Marquette University, his banking career spans 12 years.
In addition, Melanie Spencer has been promoted to Senior Vice President of Compliance and Human Resources. Ms. Spencer has over three decades of banking experience with PWSB in nearly every area of service and is a Certified Community Bank Compliance Officer. A graduate of the Graduate School of Banking and the Wisconsin Bankers Association Leadership Program, she holds a Human Resource Management Certification from Concordia University.
"Melanie is a valued member of the bank's senior management team and her compliance role in particular is critical to the ongoing success of our bank,” Schowalter continued. “Her knowledge of the industry and tenure and respect as a long-time member of statewide banking association schools and committees is unparalleled.”
Port Washington State Bank is a locally owned and operated, 115-year-old, five- generation community bank serving Ozaukee County through six full service locations. Insured by the Federal Deposit Insurance Corporation, the bank has $460 million in banking assets under management and is the only locally owned and operated bank headquartered in Ozaukee County.
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.