Lake Ridge Bank Begins Operation February 13th
Merger of Equals Creates 7th Largest Bank in Wisconsin
(MADISON, Wis.) – On February 13, two of the largest independent community banks in South Central Wisconsin officially complete their merger to become Lake Ridge Bank. As of today, all Monona Bank and State Bank of Cross Plains locations begin operating under the new name.
Lake Ridge Bank is now the seventh largest bank headquartered in the State of Wisconsin, with 23 branch locations and nearly 400 associates serving almost 40,000 households across 17 communities. The goal was to create a bank with resources and services that compete with regional or national institutions but still maintains the local focus, mission, and philosophy of a community bank.
The new name is meant to reinforce the bank’s focus and priorities. With a nod to local geography, Lake Ridge Bank wants to help shape the communities within the bank’s service area in the same way the glaciers shaped the region’s lakes and landscape.
With more than 95 percent of the bank’s 1,400+ shareholders living in Wisconsin – most within Dane and Rock counties – Lake Ridge Bank is both widely held and locally owned. Combining for total assets approaching $3 billion, Lake Ridge Bank is well-positioned to fulfill its commitment to support and invest in our local area.
For additional information, please contact Mark Schellpfeffer at email@example.com.
Lake Ridge Bank
- February 13, 2023
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