Southeastern Savings Association (Wisconsin)
Southeastern Savings Association was a savings and loan bank based in Racine, Wisconsin that operated from 1974 to 1983, when it merged with what is now North Shore Bank.[1]
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| Type | Savings and loan |
|---|---|
| Founded | December 31, 1974 |
| Defunct | December 31, 1983 |
| Headquarters | 1601 Washington Avenue Racine, Wisconsin |
Number of locations | 6 branches (1983) |
History Edit
Southeastern Savings was created on December 31, 1974, with the merger of Racine Savings and Loan Association and Racine Junction Savings and Loan Association. The merger added the latter's Uptown office to the former's three locations in the city of Racine.[2][3][4]
Southeastern's first new location opened in the Pine Crest Shopping Center in Burlington in April 1975.[5] Another opened in April 1978 at 8710 Racine Avenue (now Durand Avenue) in Sturtevant.[6][7]
A new branch opened at Westgate Mall on July 28, 1980, replacing the bank's previous west side location at 5100 Washington Avenue.[8] The former location was filled by a branch of Union Savings and Loan Association that opened in January 1981.[9]
At the end of 1983, Southeastern Savings was acquired by North Shore Savings and Loan Association. The merger brought North Shore, which already operated 11 branches in the Milwaukee area and Two Rivers, to a total of 17 branches.[10][11]
Locations Edit
As of 2021, the North, Burlington, and Westgate branches are still operated by North Shore Bank. The Sturtevant location is now a branch of Tri City National Bank. The Downtown office is now occupied by Knight Barry Title Office. The headquarters building in Uptown is now vacant, most recently occupied by a CSL Plasma clinic. The west side location, occupied by Security Bank until 1997, is now home to Domino's Pizza #2006.
| Branch | Location | City | Opened or converted |
Closed or sold |
|---|---|---|---|---|
| Downtown | 400 Wisconsin Avenue | Racine, Wisconsin | December 31, 1974 | December 31, 1983 |
| North | 3911 North Main Street | Racine, Wisconsin | December 31, 1974 | December 31, 1983 |
| Uptown | 1601 Washington Avenue | Racine, Wisconsin | December 31, 1974 | December 31, 1983 |
| West | 5100 Washington Avenue | Racine, Wisconsin | December 31, 1974 | July 1980 |
| Burlington | Pine Crest Shopping Center, 216 South Pine Street | Burlington, Wisconsin | April 1975 | December 31, 1983 |
| Sturtevant | 8710 Durand Avenue | Sturtevant, Wisconsin | April 1978 | December 31, 1983 |
| Westgate | Westgate Mall, 4923 Washington Avenue | Racine, Wisconsin | July 28, 1980 | December 31, 1983 |
References Edit
- ↑ "Southeastern Savings Association", BankFind Suite, Federal Deposit Insurance Corporation
, retrieved May 28, 2021.
- ↑ "2 Savings-Loan Firms Reveal Plans to Merge", Racine Journal Times, March 29, 1974, front page.
- ↑ "Merger of S&Ls complete; Janosik named president", Racine Journal Times, January 2, 1975, page 1C.
- ↑ Full-page advertisement, Racine Journal Times, January 2, 1975, page 12A.
- ↑ Advertisement, Racine Journal Times, April 27, 1975, page 4D.
- ↑ Advertisement, Racine Journal Times, April 9, 1978, page 10A.
- ↑ Advertisement, Racine Journal Times, April 16, 1978, page 12F.
- ↑ "Briefly: Southeastern opens west side office", Racine Journal Times, July 28, 1980, page 4C.
- ↑ "Union S&L plans office", Racine Journal Times, December 1, 1980, page 6B.
- ↑ Pfankuchen, David. "Business bits", Racine Journal Times, December 22, 1983, page 1D.
- ↑ Full-page advertisement, Racine Journal Times, January 2, 1984, page 15.