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Category: Expansions/Relocations

Photo by Richard Hurd

Dave Jones, Inc. Announces Ribbon-Cutting of New Training and Development Center

Madison, WI, December 9, 2022: Dave Jones, Inc. is excited to announce the ribbon-cutting ceremony on their new Training & Development Center with the Greater Madison Chamber of Commerce.

Monday, December 12, 2022
2:30 PM
2101 Industrial Drive
Monona, WI 53713

Inspired by our core value of “forward-thinking,” the training facility will provide classroom-style and hands-on learning to the DJI team in Plumbing, HVAC, Fire Protection, and Electrical service and installation. But we felt that this was also an opportunity to give back (another core value) and are working with local schools and community groups to visit and use the facility to educate and expose their groups to the role that the trades play in today’s world and the lucrative, stable career path it can provide.

This facility is the latest addition to a growing Dave Jones, Inc. campus in Monona that includes a Team Headquarters building, a Service Team building, and a Fleet and Facilities Team building.

About Dave Jones Inc: Headquartered in Monona, WI, Dave Jones is a full-service mechanical sub-contractor, providing plumbing, heating, cooling, fire protection, and electrical installations and service in both residential and commercial settings. Recognized as an industry leader, DJI prides itself on its thorough and growing training program, strong core values, excellent benefits, and great company culture. Under the leadership of second-generation owners Greg Jones and Holly (Jones) Kellesvig, DJI has expanded to include businesses in Indianapolis, IN and Columbus, OH.  DJI employs over 625 people throughout these markets and has won awards for ethics, excellence, and customer service.

For more information, please contact:
Laura Steinhoff – Marketing Manager, Dave Jones, Inc.
Email: lsteinhoff@davejonesinc.com Direct Phone: (608) 709-1463
www.davejonesinc.com

Photo by Richard Hurd

Introducing Lake Ridge Bancorp, Inc.

FOR IMMEDIATE RELEASE
October 3, 2022

Introducing Lake Ridge Bancorp, Inc.
S.B.C.P. Bancorp, Inc., and Monona Bankshares, Inc. Complete Merger of Equals Transaction

(MADISON, Wis.) – S.B.C.P. Bancorp, Inc. (“SBCP”), the parent bank holding company for State Bank of Cross Plains, and Monona Bankshares, Inc. (“Monona”), the parent bank holding company for Monona Bank, jointly announced today the successful completion of the all-stock merger of equals transaction between SBCP and Monona. The merged bank holding company has been renamed Lake Ridge Bancorp, Inc. (“Lake Ridge”).

Monona Bank and State Bank of Cross Plains will continue to operate as separate banks until the core processing systems are converted in February 2023. After the conversions, the combined bank will be named Lake Ridge Bank and will be the largest community bank headquartered in Dane County, and the eighth largest bank headquartered in the State of Wisconsin, with almost $3 billion in combined assets. The combined bank will have an expanded footprint of 22 branch locations and employ more than 400 associates across 16 communities throughout South Central Wisconsin. With more than 90% of our approximately 1,400 shareholders living in Wisconsin, Lake Ridge is proud to be both widely held and locally owned.

“Lake Ridge brings together two community banks with combined strengths and capabilities that make us uniquely equipped to support our clients in Wisconsin,” said Jim Tubbs, Chief Executive Officer of Lake Ridge. “As we move forward together, Lake Ridge will continue our shared focus on providing quality service, supporting our associates, investing in our communities, and maximizing our financial and operational strength to create long-term value for our customers and shareholders.”

Paul Hoffmann, President of Lake Ridge shared, “This strategic merger of equals made sense for many reasons, especially since both banks are locally owned and share a similar set of core values and leadership philosophies. Our new bank demonstrates a continued dedication to promoting opportunity and prosperity within our communities throughout South Central Wisconsin.”  Paul added, “When we invest in our neighbors, we help our communities to be stronger, more stable, and truly vibrant places to live and work.”

Lake Ridge’s board of directors consists of 14 members with seven directors from SBCP and seven directors from Monona, as well as a joint executive management team.

Hunton Andrews Kurth LLP acted as legal advisor and The Bank Advisory Group acted as financial advisor to SBCP.  Reinhart Boerner Van Deuren S.C. acted as legal advisor and Piper Sandler & Co. acted as financial advisor to Monona.

About State Bank of Cross Plains and Monona Bank

Founded in 1908, State Bank of Cross Plains, SBCP’s banking subsidiary, operates from 13 locations in Dane, Green and Rock counties in Wisconsin. As of June 30, 2022, State Bank of Cross Plains had approximately $1.6 billion in total assets, $1.44 billion in total liabilities, and $158 million in total shareholders’ equity.

Founded in 1991, Monona Bank, Monona’s banking subsidiary, operates from nine locations in Dane and Sauk counties in Wisconsin. As of June 30, 2022, Monona Bank had approximately $1.2 billion in total assets, $1.1 billion in total liabilities, and $121 million in total shareholders’ equity.

About Lake Ridge Bancorp, Inc.

Lake Ridge Bancorp, Inc., through its banking subsidiaries, State Bank of Cross Plains and Monona Bank (and after the bank merger, through its banking subsidiary, Lake Ridge Bank), offers a full range of business and personal financial services, including business, real estate, agricultural, and consumer lending; crop insurance; wealth management; and financial advisory services. For more information visit: www.sbcp.bank/lrbancorp

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Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding the business of Lake Ridge Bancorp, Inc., and other matters. Any statements about our expectations, beliefs, plans, predictions, protections, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking statements. Forward-looking statements are typically, but not exclusively, identified by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance and actual results may differ materially from those expressed or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

CONTACTS:

Jim L. Tubbs
CEO, Lake Ridge Bancorp, Inc.
608-798-3961

Paul Hoffmann
President, Lake Ridge Bancorp, Inc.
608-223-2183

Photo by Richard Hurd

Dupaco Community Credit Union Celebrates Mineral Point Branch Ribbon Cutting

FOR IMMEDIATE RELEASE

CONTACT:               
David Klavitter
Chief Marketing Officer
Dupaco Community Credit Union
Mobile: 563-580-5838
Desk: 563-557-7600, ext. 2266
Email: dklavitter@dupaco.com
Twitter: @klavitter

Dupaco Community Credit Union Celebrates Mineral Point Branch Ribbon Cutting

MADISON, WI – Dupaco celebrated the completion of its new branch in Madison, located at 7701 Mineral Point Rd., with the Madison Chamber of Commerce leading a ribbon cutting on Tuesday, September 27. 

The 12 Dupaco staff that currently occupy the space full-time are available to coach members and provide one-on-one personalized financial service and advice underpinning the credit union’s mission to help members build a life worth loving.

Dupaco opened the branch in June 2022 when the financial cooperative combined with Madison-based Home Savings Bank.

Former Home Savings Bank CEO Jim Bradley said the acquisition was an obvious cultural and geographic fit that helped create enhancements for the two financial institutions. “Combined, Dupaco reinforces the foundation of a credit union that prioritizes the well-being of our members, employees and communities,” he said.

Alongside members, branch staff coach members to use the tools available to them to improve members’ social and economic well-being according to Mineral Point Rd. Branch Manager, Jon Nugent. “No matter where you are in life’s financial journey, Dupaco has the tools to reduce those financial stressors, helping members meet their goals and attain a great well-being.”

The phone number for the Mineral Point Rd. branch is 608-282-6000.  Branch hours are:

Lobby
Mon-Fri: 9:00 a.m. – 5:00 p.m.
Sat & Sun: Closed

Drive-up
Mon-Fri: 9:00 a.m. – 5:00 p.m.
Sat & Sun: Closed

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ABOUT DUPACO COMMUNITY CREDIT UNION:

Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative headquartered in Dubuque, Iowa. It is dedicated to the financial well-being of its members, and specializes in personalized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 118 counties throughout Iowa, northwest Illinois and southwest Wisconsin. Founded in 1948 by ten Dubuque Packing Company employees, membership has grown to more than 153,000 with assets exceeding $2.9 billion. It has more than 650 employees and 22 branch office locations. Dupaco is a Community Development Financial Institution (CDFI). It is a Forbes Best-in-State Credit Union and a Des Moines Register Top Workplace. Learn more at www.dupaco.com.

Greater Madison Chamber of Commerce representatives and ambassadors joined Dupaco staff in a ribbon-cutting ceremony Tuesday evening at the Mineral Point Road branch in Madison, Wis. (K. Wolf photos)

Photo by Richard Hurd

Honkamp Krueger & Co. to Acquire Gosling & Company Locations

FOR IMMEDIATE RELEASE

Contact:
Tricia Sullivan
888-556-0123
tricia.sullivan@honkamp.com
www.honkamp.com

Honkamp Krueger & Co. to Acquire Gosling & Company Locations

MADISON, Wis. (September 19) — On November 1, 2022, Honkamp Krueger & Co., P.C. (HK), a Top 10 Midwest CPA and business advisory group, will acquire Gosling & Company, P.C.’s Cedar Falls and Parkersburg, Iowa, offices. The Gosling & Company’s locations in Waverly, Manchester, Waterloo, Independence and Edgewood, Iowa, will not be acquired by HK.

Greg Burbach, Honkamp’s CEO, states, “We are very excited about the upcoming acquisition of Gosling & Company’s Cedar Falls and Parkersburg offices. Their firm has a great reputation in Northeast Iowa and has a close cultural fit with HK. We both believe in serving clients with a personal touch while helping them be more profitable. It’s a great addition to HK’s presence and investment in Northeast Iowa.”

Michael Brannon of Gosling & Company adds, “We are excited for the new opportunities this merger/acquisition offers to serve our clients in a greater capacity, and the team is looking forward to the future as part of the HK Family.”

For more information about this acquisition, contact Mike Welbes, VP, director of mergers and acquisitions, at 888-556-0123 or mike.welbes@honkamp.com.

About Honkamp Krueger & Co., P.C.

Honkamp Krueger & Co., P.C. (HK) is a Top 10 Midwest CPA and business advisory group (Accounting Today, 2022). Serving client organizations from coast-to-coast, our clients range from privately-held organizations to individuals and nonprofits. We specialize in various industries including construction and real estate, dental practices, franchises, health care, and manufacturing and distribution. HK is headquartered in Dubuque, Iowa, with additional locations in Waukee, Hiawatha and Davenport, Iowa, Geneseo, Ill., and Madison, Platteville and Oshkosh, Wis.

For more information, please visit www.honkamp.com.

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Photo by Richard Hurd

Sun Prairie Area School District and Bank of Sun Prairie Announce Bank of Sun Prairie Branch in Sun Prairie West High School

FOR IMMEDIATE RELEASE
August 31, 2022

Contact:
Patti Lux
Communications & Engagement Officer
Sun Prairie Area School District
(608) 834-6562
pjlux@sunprairieschools.org

Jimmy Kauffman
President and CEO, Chairman of the Board of Directors
Bank of Sun Prairie
(608) 837-4511
jimmy.kauffman@bankofsunprairie.com

Sun Prairie Area School District and Bank of Sun Prairie Announce Bank of Sun Prairie Branch in Sun Prairie West High School

Bank Branch to Connect Students and Staff to Financial Literacy Education

Sun Prairie, Wis.—Sun Prairie Area School District and Bank of Sun Prairie announce the opening of a Bank of Sun Prairie branch in Sun Prairie West High School on Tuesday, Sept. 6, the first day of the school year. While students, staff, teachers can do their banking at the branch, a major emphasis of the work done there is giving students the opportunity to learn more about money, banking, and planning for the future.

“We could not be more pleased in extending our partnership between Bank of Sun Prairie and the Sun Prairie Area School District. The opening of the banking branch in West High School highlights our mutual support of our students, and their understanding of fiscal literacy, not just in a class but in actuality with a trusted partner. We are fortunate to have this opportunity as we serve kids and families,” commented Sun Prairie Area School District Superintendent Brad Saron.

“Sun Prairie Area School District’s commitment to expanding knowledge of financial concepts is a driver behind us delivering solutions directly to students directly in their school environment. Bank of Sun Prairie’s Financial Fitness Center is featured prominently in the branch and eventually in the classroom,” shared Jimmy Kauffman, Bank of Sun Prairie’s president and CEO and chairman of the board of directors. “We’re also thrilled to employ students in the bank branch – we see it as a really neat career exploration opportunity for those interested in customer service, banking and finance.”

The Sun Prairie Area School District proudly serves more than 8,400 students in 4K through twelfth grade. The District includes 15 schools – nine elementary schools, three middle schools, two high schools, one alternative learning academy and a 4K program.

Bank of Sun Prairie is a locally owned, full-service community bank with $573 million in assets and branches in Sun Prairie and Cottage Grove, Wis. Its mission is to be trusted advisor for families, businesses and communities offering a complete range of services, while delivering fair returns for stockholders. Member FDIC. Equal Opportunity Lender.

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