North Shore Bank (Wisconsin): Difference between revisions

Jump to navigation Jump to search
no edit summary
(Created page with "'''North Shore Bank, FSB''' is a bank based in Brookfield, Wisconsin. As of 2021, the bank operates 46 branches: 44 in Wisconsin, and two in Illinois under the name Illino...")
 
No edit summary
Line 1:
{{Infobox company
'''North Shore Bank, FSB''' is a bank based in [[Brookfield, Wisconsin]]. As of 2021, the bank operates 46 branches: 44 in Wisconsin, and two in Illinois under the name Illinois State Bank.<ref name=fdicfinder>[https://banks.data.fdic.gov/bankfind-suite/bankfind/details/28679 "North Shore Bank, FSB"], BankFind Suite, {{w|Federal Deposit Insurance Corporation}}, retrieved May 26, 2021.</ref>
| logo = File:North Shore Bank (Wisconsin) logo.png
| type = [[Federal savings bank]]
| foundation = 1923<br/>[[Shorewood, Wisconsin]]
| hq_location = [[15700 West Bluemound Road (Brookfield, Wisconsin)|15700 West Bluemound Road]]<br/>[[Brookfield, Wisconsin]]
| locations = 46 branches
| assets =
}}
{{hatnote|Not to be confused with [[North Shore Bank (Massachusetts)]] or [[North Shore Bank of Commerce]] in Minnesota.}}
'''North Shore Bank, FSB''' is a federal savings bank based in [[Brookfield, Wisconsin]]. As of 2021, the bank operates 46 branches: 44 in Wisconsin, and two in Illinois under the name '''[[Illinois State Bank]]'''.<ref name=fdicfinder>[https://banks.data.fdic.gov/bankfind-suite/bankfind/details/28679 "North Shore Bank, FSB"], BankFind Suite, {{w|Federal Deposit Insurance Corporation}}, retrieved May 26, 2021.</ref>
 
==History==
The bank was founded in [[Shorewood, Wisconsin|Shorewood]] in 1923 as the North Shore Building and Loan Association.<ref>[https://ia903202.us.archive.org/3/items/reschultzed-newsbank/News_Article__Milwaukee_Sentinel_published_as_The_Milwaukee_Sentinel___March_2_1923__p15.pdf "North Shore Building and Loan Body Formed"], [[Milwaukee Sentinel]], March 2, 1923, page 15.</ref><ref>Jannene, Jeramey. [https://urbanmilwaukee.com/2019/11/01/friday-photos-north-shore-plans-unique-downtown-bank/ "North Shore Plans Unique Downtown Bank"], [[Urban Milwaukee]], November 1, 2019.</ref> Its Shorewood branch has been located at [[4414 North Oakland Avenue (Shorewood, Wisconsin)|4414 North Oakland Avenue]] since 1941.<ref>[https://ia903202.us.archive.org/3/items/reschultzed-newsbank/News_Article__Milwaukee_Sentinel_published_as_Milwaukee_SUNDAY_NEWS-SENTINEL___February_2_1941__p24.pdf "North Shore Has New Home"], [[Milwaukee Sentinel|Milwaukee Sunday News-Sentinel]], February 2, 1941, page 24.</ref> The following year, the organization's name was changed to the North Shore Savings and Loan Association.<ref>[https://ia903202.us.archive.org/3/items/reschultzed-newsbank/News_Article__Milwaukee_Journal_published_as_THE_MILWAUKEE_JOURNAL___March_1_1942__p35.pdf "It's Savings and Loan"], [[Milwaukee Journal]], March 1, 1942, page 35.</ref>
 
The bank's first branch opened at [[9115 West Oklahoma Avenue (Milwaukee, Wisconsin)|9115 West Oklahoma Avenue]] in Milwaukee in November 1972.<ref>[https://ia903202.us.archive.org/3/items/reschultzed-newsbank/News_Article__Milwaukee_Journal_published_as_THE_MILWAUKEE_JOURNAL___November_12_1972__p228.pdf Full-page advertisement], [[Milwaukee Journal]], November 12, 1972, page 228.</ref> Another opened at [[6924 North Santa Monica Boulevard (Fox Point, Wisconsin)|6924 North Santa Monica Boulevard]] in [[Fox Point, Wisconsin|Fox Point]] in February 1974.<ref>[https://ia903202.us.archive.org/3/items/reschultzed-newsbank/News_Article__Milwaukee_Journal_published_as_THE_MILWAUKEE_JOURNAL___February_6_1974__p49.pdf "North Shore S&L Gets Branch OK"], [[Milwaukee Journal]], February 6, 1974, page 49.</ref> North Shore became the first savings and loan in Wisconsin to operate a branch office inside a drugstore when it opened its first [[Waukesha, Wisconsin|Waukesha]] branch at Stein Drug Store, [[200 West Main Street (Waukesha, Wisconsin)|200 West Main Street]].<ref>[https://www.newspapers.com/clip/78403942/ "S&L Opens Stein Drugs"], [[Waukesha Daily Freeman]], April 23, 1977, page 7.</ref>
 
[[File:North Shore Savings and Loan Association logo, 1970.jpg|thumb|150px|right|The North Shore Savings logo in 1970.<ref>[https://www.newspapers.com/clip/78403552/]</ref>]]
By 1981, the bank had four locations in Shorewood, Waukesha, Milwaukee, and Brookfield. It announced plans to acquire [[Sunrise Savings and Loan Association|Frontier Savings Association]], a bank based in [[Green Bay, Wisconsin|Green Bay]], in 1982.<ref>[https://www.newspapers.com/clip/78376761/the-post-crescent/ "Frontier, North Shore plan merger"], [[Appleton Post-Crescent]], November 4, 1981, page B-8.</ref> After receiving regulatory approval, Frontier backed out of the merger, and North Shore acquired only the bank's [[Two Rivers, Wisconsin|Two Rivers]] branch. At the end of 1983, North Shore acquired [[Southeastern Savings Association]] and its six locations in [[Racine County, Wisconsin|Racine County]], bringing the bank up to 17 branches.<ref>Pfankuchen, David. [https://www.newspapers.com/clip/78399367/ "Business bits"], [[Racine Journal Times]], December 22, 1983, page 1D.</ref><ref>[https://www.newspapers.com/clip/78399269/ Full-page advertisement], [[Racine Journal Times]], January 2, 1984, page 15.</ref>
 
Another planned merger was announced in 1987 with Frontier, which had since been renamed Sunrise Savings and Loan Association.<ref>[https://www.newspapers.com/clip/78377254/green-bay-press-gazette/ "Sunrise plans to merge with North Shore savings, loan"], [[Green Bay Press-Gazette]], November 11, 1987, page 4.</ref> North Shore acquired Sunrise on December 31, 1987, adding its 10 locations to North Shore's 19, with the new bank holding over $700 million in assets.<ref>[https://www.newspapers.com/clip/78377842/green-bay-press-gazette/ "S&L merger completed"], [[Green Bay Press-Gazette]], January 1, 1988, page 14.</ref> The organization changed its name to North Shore Bank, SSB (State Savings Bank) in early 1989, at the height of the {{w|Savings and loan crisis|S&L crisis}} that made the "savings and loan" name unpopular.<ref>[https://www.newspapers.com/clip/78400634/ "Name changes OK'd for two savings banks"], [[Green Bay Press-Gazette]], February 4, 1989, page 11.</ref><ref>Matthews, John. [https://www.newspapers.com/clip/78400783/ "Area thrifts becoming 'savings banks'"], [[Racine Journal Times]], April 6, 1989, page 5B.</ref> Another name change was made in 1990, when the bank federally chartered and became an FSB (Federal Savings Bank).<ref name=fdicfinder/>
 
In 1995, North Shore acquired [[Badger Bank]] and its six Milwaukee-area branches.<ref>[https://www.newspapers.com/clip/78401058/ "2 state thrifts to merge"], [[Green Bay Press-Gazette]], August 21, 1995, page B-7.</ref><ref name=fdicfinder/> <ref name=timeline>[https://www.northshorebank.com/pdfs/north-shore-bank-timeline.aspx "North Shore Bank: 90 Years of You"], North Shore Bank, 2013.</ref> North Shore purchased [[TCF Bank]]'s three locations in the [[Fox Valley (Wisconsin)|Fox Valley]] surrounding [[Appleton, Wisconsin|Appleton]], converting them into North Shore branches on September 20, 1999.<ref>[https://www.newspapers.com/clip/60257626/the-post-crescent/ "Northshore Bank acquires new facilities in Appleton"] [sic], [[Appleton Post-Crescent]], September 21, 1999, page D-2.</ref> In 2000, the organization acquired [[Marquette Savings Bank]].<ref name=fdicfinder/>
 
North Shore expanded into Illinois with the acquisition of [[Illinois State Bank]] in November 2005.<ref>[https://www.bizjournals.com/milwaukee/stories/2005/11/28/daily37.html "North Shore Bank completes purchase of Illinois bank"], Milwaukee Business Journal, December 1, 2005.</ref> The two Illinois branches continued using the Illinois State Bank name while under North Shore, and are currently in the process of being sold to [[Royal Financial, Inc.]]<ref>Lesk, Sari. [https://www.bizjournals.com/milwaukee/news/2020/02/05/north-shore-bank-selling-illinois-branches-to.html "North Shore Bank selling Illinois branches to Royal Financial"], Milwaukee Business Journal, February 5, 2020.</ref><ref>[https://www.northshorebank.com/isb-master/home.aspx "Illinois State Bank"], northshorebank.com, retrieved May 27, 2021.</ref>
 
Federal regulators gave North Shore ownership of [[Maritime Savings Bank]] after it was shuttered in 2010, acquiring its nine branches, mostly in the Milwaukee area.<ref>Gallagher, Kathleen. [http://archive.jsonline.com/business/103174664.html "Feds close Maritime Savings Bank; North Shore takes over branches"], [[Milwaukee Journal Sentinel]], September 21, 2010.</ref> After the similar 2013 failure of [[Banks of Wisconsin]] in [[Kenosha, Wisconsin|Kenosha]], North Shore acquired the bank's two locations and fixed assets.<ref>Gores, Paul. [https://archive.jsonline.com/business/regulators-order-improvements-at-north-milwaukee-state-bank-park-bank-b9923477z1-209686011.html/ "Regulators close Kenosha bank: Banks of Wisconsin fails; assets sold to North Shore Bank"], [[Milwaukee Journal Sentinel]], May 31, 2013.</ref> In 2016, the bank acquired Layton Park Financial Group Inc., the parent company of [[Layton State Bank]].<ref>Gores, Paul. [https://www.jsonline.com/story/money/business/2016/10/31/layton-state-bank-merges-into-north-shore-bank/93059464/ "Layton State Bank merges into North Shore Bank"], [[Milwaukee Journal Sentinel]], October 31, 2016.</ref>
 
==Locations==
Line 5 ⟶ 30:
 
{| class="wikitable sortable"
! Branch !! Location !! City !! Opened<br/>or converted !! Closed or sold
|-
| #1 || {{FULLADDRESSTABLE|9131 West Oklahoma Avenue|Milwaukee, Wisconsin}} || ||
Line 13 ⟶ 38:
| #4 || {{FULLADDRESSTABLE|8706 West North Avenue|Wauwatosa, Wisconsin}} || ||
|-
| #5 || {{FULLADDRESSTABLE|4414 North Oakland Avenue|Shorewood, Wisconsin}} || 1941 ||
|-
| #102 || {{FULLADDRESSTABLE|15830 West Capitol Drive|Brookfield, Wisconsin}} || ||
Line 19 ⟶ 44:
| #103 || {{FULLADDRESSTABLE|403 West Silver Spring Drive|Glendale, Wisconsin}} || ||
|-
| #108 || {{FULLADDRESSTABLE|4923 Washington Avenue|Racine, Wisconsin}} || January 1, 1984 ||
|-
| #109 || {{FULLADDRESSTABLE|3911 North Main Street|Racine, Wisconsin}} || January 1, 1984 ||
|-
| #111 || {{FULLADDRESSTABLE|116 South Pine Street|Burlington, Wisconsin}} || ||
|-
| #112 || {{FULLADDRESSTABLE|5723 Durand Avenue|Racine, Wisconsin}} || {{Date table sorting|1985|6}} ||
|-
| #115 || {{FULLADDRESSTABLE|225 North Fifth Avenue|Sturgeon Bay, Wisconsin}} || {{Date table sorting|1987}} ||
|-
| #116 || {{FULLADDRESSTABLE|2300 South Webster Avenue|Green Bay, Wisconsin}} || {{Date table sorting|1988|6}} ||
|-
| #119 || {{FULLADDRESSTABLE|2614 South Bay Shore Drive|Sister Bay, Wisconsin}} || {{Date table sorting|1987}} ||
|-
| #121 || {{FULLADDRESSTABLE|165 North St. Augustine Street|Pulaski, Wisconsin}} || {{Date table sorting|1987}} ||
|-
| #123 || {{FULLADDRESSTABLE|2215 South Oneida Street|Green Bay, Wisconsin}} || {{Date table sorting|1988|6}} ||
|-
| #125 || {{FULLADDRESSTABLE|5101 South 76th Street|Greendale, Wisconsin}} || {{Date table sorting|1988|6}} ||
|-
| #127 || {{FULLADDRESSTABLE|4230 West Oklahoma Avenue|Milwaukee, Wisconsin}} || {{Date table sorting|1996}} ||
|-
| #129 || {{FULLADDRESSTABLE|7927 West Capitol Drive|Milwaukee, Wisconsin}} || {{Date table sorting|1996}} ||
|-
| #130 || {{FULLADDRESSTABLE|120 West Wisconsin Avenue|Pewaukee, Wisconsin}} || {{Date table sorting|1996}} ||
|-
| #133 || {{FULLADDRESSTABLE|5817 West Forest Home Avenue|Milwaukee, Wisconsin}} || {{Date table sorting|1996}} ||
|-
| #136 || {{FULLADDRESSTABLE|10533 West National Avenue|West Allis, Wisconsin}} || {{Date table sorting|2000|7|28}} ||
|-
| #138 || {{FULLADDRESSTABLE|1101 Main Street|Union Grove, Wisconsin}} || {{Date table sorting|2000|7|28}} ||
|-
| #141 || {{FULLADDRESSTABLE|2465 Lineville Road|Green Bay, Wisconsin}} || {{Date table sorting|2002|10}} ||
|-
| #142 || {{FULLADDRESSTABLE|1320 West Burnham Street|Milwaukee, Wisconsin}} || {{Date table sorting|2002|6|14}} ||
|-
| #143 || {{FULLADDRESSTABLE|8701 South Howell Avenue|Oak Creek, Wisconsin}} || {{Date table sorting|2002|10}} ||
|-
| #144 || {{FULLADDRESSTABLE|1301 Pyott Road|Lake in the Hills, Illinois}} || {{Date table sorting|2005|11|30}} || {{Date table sorting|2021|05}}
|-
| #145 || {{FULLADDRESSTABLE|1689 Curran Road|McHenry, Illinois}} || {{Date table sorting|2005|11|30}} ||
|-
| #146 || {{FULLADDRESSTABLE|6906 Green Bay Road|Kenosha, Wisconsin}} || {{Date table sorting|1999|6}} ||
|-
| #147 || {{FULLADDRESSTABLE|7151 South 76th Street|Franklin, Wisconsin}} || {{Date table sorting|2005|9}} ||
|-
| #148 || {{FULLADDRESSTABLE|1900 North Martin Luther King Drive|Milwaukee, Wisconsin}} || {{Date table sorting|1996|10|20}} ||
|-
| #149 || {{FULLADDRESSTABLE|1100 West Northland Avenue|Appleton, Wisconsin}} || {{Date table sorting|2005|1|22}} ||
|-
| #151 || {{FULLADDRESSTABLE|2301 Wisconsin Avenue|Grafton, Wisconsin}} || {{Date table sorting|2008|11|22}} ||
|-
| #152 || {{FULLADDRESSTABLE|W249N6600 Highway 164|Sussex, Wisconsin}} || {{Date table sorting|2006|10|25}} ||
|-
| #157 || {{FULLADDRESSTABLE|3233 East Layton Avenue|Cudahy, Wisconsin}} || {{Date table sorting|2010|9|17}} ||
|-
| #158 || {{FULLADDRESSTABLE|15505 West National Avenue|New Berlin, Wisconsin}} || {{Date table sorting|2010|9|17}} ||
|-
| #160 || {{FULLADDRESSTABLE|S74W17095 Janesville Road|Muskego, Wisconsin}} || {{Date table sorting|2010|9|17}} ||
|-
| #163 || {{FULLADDRESSTABLE|1819 Main Street|Green Bay, Wisconsin}} || {{Date table sorting|2009|4|30}} ||
|-
| #164 || {{FULLADDRESSTABLE|1620 West Mason Street|Green Bay, Wisconsin}} || {{Date table sorting|2009|4|23}} ||
|-
| #165 || {{FULLADDRESSTABLE|10806 North Port Washington Road|Mequon, Wisconsin}} || {{Date table sorting|2009|8|14}} ||
|-
| #166 || {{FULLADDRESSTABLE|1500 Appleton Road|Menasha, Wisconsin}} || {{Date table sorting|1999|10}} ||
|-
| #167 || {{FULLADDRESSTABLE|1819 Main Street|Green Bay, Wisconsin}} || {{Date table sorting|2010}} ||
|-
| #169 || {{FULLADDRESSTABLE|5117 Green Bay Road|Kenosha, Wisconsin}} || {{Date table sorting|2013|5}} ||
|-
| #170 || {{FULLADDRESSTABLE|8056 39th Avenue|Kenosha, Wisconsin}} || {{Date table sorting|2013|5}} ||
|-
| #172 || {{FULLADDRESSTABLE|5850 Broad Street|Greendale, Wisconsin}} || {{Date table sorting|2016|10|28}} ||
|-
| #175 || {{FULLADDRESSTABLE|510 East Pleasant Street|Milwaukee, Wisconsin}} || {{Date table sorting|2020|4|9}} ||
|-
| #176 || {{FULLADDRESSTABLE|N112W15780 Mequon Road|Germantown, Wisconsin}} || {{Date table sorting|2020|7|20}} ||
|-
| || {{FULLADDRESSTABLE|320 East College Avenue|Appleton, Wisconsin}} || {{Date table sorting|1999|9|20}} || {{Date table sorting|2011|4|29}}
|}
 
Line 104 ⟶ 130:
{{reflist}}
 
[[Category:BanksSavings banks in Wisconsin]]
[[Category:Companies based in Brookfield, Wisconsin]]
Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Navigation menu