April 2, 2019: Port Washington State Bank Offers Special Loan Rate to Neighbors in Need
Many households and businesses in Ozaukee County have been impacted by flooding caused by the onset of warmer weather. As the County’s leading local independent community bank, Port Washington State Bank would like to extend a helping hand to any Ozaukee County resident or business that might have uninsured expenses or deductibles to meet in order to restore their properties. PWSB is offering unsecured loans for this purpose, up to $5,000 per household at a low interest rate of 3.00%. We encourage all of our Ozaukee County friends and neighbors who may have a need to contact a personal banker at any one of our eight convenient locations for more details on applying for this program. “All of us at PWSB sincerely hope this offer can help take the edge off of what is likely a very stressful and expensive event,” said Steve Schowalter, President and CEO.
December 3, 2018: Port Washington State Bank Plans For New Mequon Branch
Port Washington State Bank (PWSB) is pleased to announce plans to open a Mequon location in the first quarter of 2019.
PWSB Chairman/President and CEO Steven R. Schowalter indicated that the bank intends to occupy the former Associated Bank location at 10509 N. Port Washington Road in Mequon.
"We are excited to broaden our reach with this expansion. Our recently added Thiensville office has been a wonderful extension of our Ozaukee County footprint, generating relationships with both Mequon and Thiensville residents. We view this new location as an another way to service our existing customers and welcome others to the PWSB brand," commented Schowalter.
Subject to regulatory approval, the new branch location would be the eighth for Port Washington State Bank, with all locations located in Ozaukee County. The 4,300 square-foot branch will be full service, offering personal banking along with commercial and mortgage lending, all on site. "Geographically, this location places us among local businesses who value quick decisions and superior customer service. And for the many residents of Mequon that value the community bank model, we will be a refreshing alternative," Schowalter added.
PWSB is one of just 204 banks headquartered in Wisconsin. In 2007, that number was 301. Schowalter credits the longevity and stability of his family's 120-year-old institution to focusing on customer needs first, in the form of attention, technology and expert knowledge.
The community banking concept is proven to be a critical factor in the health of small business. A study from the 12 Federal Reserve banks found that small businesses that apply for loans with community banks are the most successful and most satisfied.