Dane County – Banks are the backbones of their communities, supporting them in difficult times. The recent flooding in southern Wisconsin is no different. Several banks have taken important steps to help their friends and neighbors in the wake of the historic rainfalls and flooding affecting many communities.
- The Peoples Community Bank, Mazomanie, has established the Mazomanie Area Flood Assistance Fund (www.thepeoplescommunitybank.com)
- The State Bank of Cross Plains has orchestrated a Disaster Recovery Account in connection with the United Way (https://info.sbcp.bank/floods), as well as coordinated and volunteered in wide-ranging relief efforts in the bank’s communities. Additionally, the bank is providing impacted employees $500 in cash, directly deposited into their account, no questions asked.
- Wisconsin Bank and Trust, Madison, will be donating $5 to the American Red Cross for each person who visits their Main, Fitchburg, or Cottage Grove Banking Centers, up to $2,500.00.
- Monona Bank, Monona, has established two funds to help those affected by the ongoing flooding and storm issues. Donations for either fund can be sent to or dropped off at any of the bank's nine locations. The first account created is for donations that will be used to help people in the bank's communities all around Dane County. The bank has already committed more than $10,000 to this fund and many of the bank’s board members are also contributing as well. Checks should be made out to “Dane County Area 2018 Flood Relief Fund.” The bank has also opened an account to help one of its clients, the Prochaska family who lost their entire house and contents when lightning struck their home last week. Checks for this fund can be made out to “Daniel or Doretta Prochaska”
- Farmers State Bank, in conjunction with Organic Valley, established a Flood Disaster Recovery fund to be distributed to local organizations for Vernon, Juneau, Richland, Sauk, and Monroe counties. Farmers State Bank and Organic Valley are each donating to this fund an initial $1,000. To contribute to this fund, checks should be made out to "Farmers State Bank Flood Disaster Fund" and can be dropped off at any branch or mailed to Farmers State Bank P.O. Box 405 Hillsboro, WI 54634. Funds will be distributed to local 501c3 organizations or per the recommendations of county's Emergency Management Department.
- Farmers & Merchants Bank, Tomah, has opened a Disaster Recovery Account for Monroe County (https://www.fmnetbank.com/resources/monroe-county-disaster-relief) and the bank will match the first $1000 donated. The bank is also donating to another community business' "Stuff the Trailer" initiative to collect cleaning supplies, bottled water, and non-perishable food items.
- Community First Bank, Boscobel, donated $10,000 to the Greater Sauk Community Foundation for those affected and displaced here in Sauk County.
- Royal Bank, Elroy, teamed up with the La Valle Fire Rescue to establish the La Valle Area Flood Relief Fund. All proceeds will benefit local residents and businesses of the La Valle area impacted by the flooding. Donations can be made at any Royal Bank location or mailed to Royal Bank, PO Box 5, La Valle, WI 53941. Checks should be made payable to La Valle Area Flood Relief Fund or to La Valle Fire Rescue with a designation to the La Valle Area Flood Relief Fund.
Several banks (including some listed above) are also offering special low- or no-cost loans to those impacted by the flooding. Those affected by the floods should contact their local bank for more details on these services.
It should be noted that several banks and their employees have been impacted by the flooding, as well. Despite these challenges, the banks have made strong efforts to care for the needs of their communities. The Wisconsin Bankers Association commends banks for taking these steps to help in the recovery efforts of their friends and neighbors.
Community banks have always been and will continue to be an integral part in assisting their communities during times of need. We are proud to serve the banking industry because of the way they serve their communities. The above-mentioned banks are simply the latest examples of this community dedication.
By, Ally Bates