Year: 2019
Photo by Richard Hurd
Thysse Breaks Ground on $10 Million Facility in Oregon, Wisconsin
OREGON, WI, June 6, 2019 — Thysse held a ceremonial groundbreaking in Oregon, WI, earlier this week on the site where the company will open their new headquarters next year. 150 guests and employees attended the event.
Photo by Richard Hurd
Capitol Bank hires Tim Nemec as Vice President of Commercial Lending
Madison, WI: Ken Thompson, President and CEO of Capitol Bank, is pleased to announce the recent hiring of Tim Nemec as Vice President of Commercial Lending. Tim will be based out of Capitol Bank’s Verona, WI location. Tim has 30 years of experience in the financial services industry, including over 20 years in commercial lending. He earned an associate degree in accounting from Wisconsin Indianhead Technical Institute and is also a graduate of the Wisconsin Bankers Association Commercial Lending School at St. Norbert College.
“Tim’s experience in commercial lending is a great addition to our strong commercial lending team, as well as to our Verona branch,” said Thompson.
Tim lives in Menomonee Falls with his wife and dog. He enjoys spending time with their three adult children and three grandchildren, as well as partaking in hunting, fishing and other sports. Tim is a past member of Kiwanis, Lions and Jaycees, as well as a volunteer youth coach and Sunday school teacher for a combined 30 years.
About Capitol Bank: Capitol Bank, locally-owned and operated, is committed to serving the communities in which we live, work and do business. We are proud of the partnerships we have established with organizations, businesses and individuals in the Madison and Verona communities. Our philosophy of community support is demonstrated at the corporate level, as well as in the time and energy our employees devote to our community each year. Capitol Bank is Member FDIC.
Photo by Richard Hurd
Build With Habitat in the Heart of Downtown Madison
Habitat for Humanity of Dane County has a very cool sponsorship opportunity coming up this summer. During the Farmer’s Market on July 27, we are going to “Frame-Up” a Habitat home in between the Capitol Building and Monona Terrace on the 100 block Martin Luther King Jr. Blvd.
This will be, hands-down, our largest and most visible event, with thousands of market goers seeing us stand up the walls of an entire Habitat home in the middle of the street. What a great way to show the community that your company is investing in affordable housing solutions in Dane County!
Limited sponsorships are available for $5,000, which include volunteer spots, signage, and media support. Please let us know if you might be interested so we can hold a spot for your company.
Photo by Richard Hurd
Two Community Banks Officially Merge
For Immediate Release
Contact:
SBCP Bancorp, Inc.: Jim Tubbs, (608) 798-3961
Union Bancorp of Evansville, Inc.: Steve Eager, (608) 490-2251
Two Community Banks Officially Merge
State Bank of Cross Plains Grows to 15 Locations in Three Counties
JUNE 1, 2019, MADISON, Wisconsin – With the merger closing on May 31, State Bank of Cross Plains (SBCP) and Union Bank & Trust Company (UB&T) officially begin operating as one organization on June 1. The merged financial institutions will expand SBCP’s presence from 10 locations in Dane County to a combined 15 locations operating in Dane, Rock, and Green counties, with total assets topping $1.25 billion.
“It became clear early on in the process that both banks shared the same set of core values and priorities, with a strong focus on putting people first,” said Jim Tubbs, President & CEO of State Bank of Cross Plains. “Every decision attempted to improve circumstances for our customers and the employees who assist those customers. Our shared philosophies helped fuel our enthusiasm as we did the hard work behind the scenes to merge both operations and our bank families in a way designed to make this transition seamless to the people we serve.”
Indeed, SBCP’s Tubbs and former UB&T President Steve Eager report very little disruption to the customers and the communities familiar with both banks:
- No layoffs.
- 15 of the merged 16 locations stay open. Both organizations had branch offices in Oregon less than a quarter mile apart. Staff will eventually combine into the former UB&T location at 883 N. Main Street. The SBCP location at 744 N. Main in Oregon will close in July.
- Nothing changes regarding loans. Existing loans will not be sold. Customers keep the same loan terms and continue to work with the same local lender. However, combined capital will enable more opportunities for business and personal loans from the now larger State Bank of Cross Plains.
- Relationships handled by either bank’s Wealth Management group will continue to be handled in the same professional manner as always. This applies to investment management, comprehensive financial planning services, and our most important role as a trusted fiduciary. In addition, clients will have an opportunity to continue working with their same Trust Officer/Wealth Manager team of choice.
- The Ag Services division has grown. More people were added to this team to support existing crop insurance contracts and local lending as this product grows more fully into Dane County, led by Steve Eager.
- Actual changes? Routing numbers for former UB&T checking and savings accounts will be updated as they get incorporated into the SBCP system in September. At that time, the bank will replace debit cards and offer the opportunity to order new checks.
“I’ve known the leaders at State Bank of Cross Plains for decades and have always respected them,” shares Eager. “When my family chose to reduce our level of involvement at UB&T, it gave us all peace of mind to know we could hand the reins over to another bank who also believes in growing local businesses and truly cares about helping the people and families who live and work in these communities.”
State Bank of Cross Plains offers a full range of business, agricultural, and personal financial services, including business, real estate, ag, and consumer lending; crop insurance; wealth management; and financial advisory services.
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Photo by Richard Hurd
Chamber Calls on Congress to Protect DREAMers, TPS Holders
FOR IMMEDIATE RELEASE (May 30, 2019)
Contact: Erik Greenfield, Communications Manager, 608-443-1952 (office), 608-669-7884 (cell)
MADISON – In partnership with New American Economy’s Global Talent Chamber Network, the Greater Madison Chamber of Commerce is one of 60 chambers from 26 states calling on Congress to pass the Dream and Promise Act, bipartisan legislation that would create permanent protections for DREAMers and those with Temporary Protected Status (TPS).
“The Chamber supports federal immigration reforms that will encourage entrepreneurship, support our growing workforce needs and ensure homegrown talent remains in our community,” said Chamber President Zach Brandon. “The individuals who would benefit from this legislation are pursuing their education here, starting careers and businesses, and contributing to our tax base. Protecting them is the right thing to do for our young people and for our economy.”
There are 1.25 million DREAMers (undocumented immigrants brought to the United States as children) eligible for the Deferred Action for Childhood Arrivals (DACA) program, and 318,000 immigrants hold TPS protections allowing them to work in the United States. There are approximately 10,500 DACA-eligible individuals in Wisconsin who earn $204.3 million in total income annually and contribute $31.7 million in total taxes annually, $15.3 million of which goes to state and local tax revenue.
See the full letter to congressional leadership here.
About the Greater Madison Chamber of Commerce:
The Greater Madison Chamber of Commerce is the voice of business with nearly 1,300 organizations – ranging from one-person shops to corporations with more than 10,000 employees – working to bring the Greater Madison area to its full potential. The Greater Madison region is a leader in innovation. From cutting-edge technologies to distinctive retail shops to inventive services and products, our members vary greatly but are united by the region’s entrepreneurial spirit. More information can be found at madisonbiz.com.
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