Triangle Background

By John Cronin

In a 7–2 decision released Wednesday afternoon, the U.S. Supreme Court reversed the decision the Wisconsin Supreme Court delivered three weeks ago on new state legislative district maps. The U.S. Supreme Court denied a similar request to overturn congressional boundaries set by the Wisconsin Supreme Court. A brief timeline:

  • November 11, 2021 – GOP-controlled Legislature passes new legislative and congressional maps
  • November 18, 2021 – Dem. Governor Tony Evers vetoes those maps
  • November 30, 2021 – Wisconsin Supreme Court sets “least change” approach to analyzing proposed maps parties submit to the Court
  • January 19, 2022 – Wisconsin Supreme Court oral arguments on redistricting case, proposed maps submitted by interested parties (Legislature, Governor, Wisconsin members of Congress, etc.)
  • March 3, 2022 – Wisconsin Supreme Court delivers a 4–3 ruling in favor of maps Gov. Evers submitted to the Court (Ziegler, R. Bradley, and Roggensack dissent)
  • March 7, 2022 – GOP-controlled Legislature appeals the Wisconsin Supreme Court ruling to the U.S. Supreme Court, arguing the Governor’s maps adopted by the Court were inconsistent with the Equal Protection Clause in the 14th Amendment of the U.S. Constitution. In question were seven districts fully or partially located in the City of Milwaukee.
  • March 23, 2022 – U.S. Supreme Court rules the Wisconsin Supreme Court erred in their application of Court decisions on the guarantee of equal protection and the Voting Rights Act. (7–2 decision, Justices Sotomayor and Kagan dissent)
What’s next?

The U.S. Supreme Court remanded the case back to the Wisconsin Supreme Court to either select a different map submission or reconsider the Governor’s maps in a manner consistent with the Court’s opinion today.

An April 15 deadline looms: this will be the first day legislative candidates may circulate nomination papers to get on the ballot for the Fall election.

Thompson Kane & Company, Inc., a Madison, Wis. based mortgage banking company, announced on March 23, 2022 that is has entered into a definitive agreement to acquire Benton State Bank, a community bank located in Benton, Wis. with assets of $76.6 million. This transaction is subject to regulatory approval and is expected to close by the fourth quarter of 2022.

Benton State Bank will continue to provide banking products and services through its existing locations, and the entire management team of the bank will remain in place. As a result of this transaction, Benton State Bank will be able to utilize Thompson Kane’s mortgage origination platform to grow and expand its lending operations.

“Benton State Bank is over 125 years old and we are thrilled that it will remain a community based, independent financial institution serving local businesses, farmers, homeowners, and consumers. We will lead the bank into the future with additional growth avenues and plenty of capital to finance our plan,” said Steve Malone, president and CEO of Benton State Bank.

“We look forward to expanding the product offerings for both of our customer bases,” said John C. Thompson, president and CEO of Thompson Kane. “Through additional capabilities provided by this transaction, we expect to be able to grow the combined entity significantly.” Thompson Kane will inject additional equity into Benton State Bank to enable it to expand its lending operations.

Scott Freiburger, currently the executive vice president, will become the president of Benton State Bank upon the closing of the transaction. “This transaction provides tremendous opportunity for our company, our customers, and the markets we serve. I am excited to help lead this bank as we expand credit availability in our communities. We believe adding the mortgage expertise and capabilities of Thompson Kane with Benton State Bank’s community focus will set us apart in mortgage lending. We are hopeful that the transition will create additional employment opportunities over time,” said Mr. Freiburger

Pictured left to right: Cheri Schadeberg, Bank Five Nine Germantown branch manager; Kera Lindemann, Bank Five Nine AVP – retail banking operations manager; Mark W. Mohr, Bank Five Nine president and CEO; Joe Clapper, Bank Five Nine BDO-SBA specialist – commercial lending; Casey Diderrich, BDO commercial lending, and Mo Ghaly, Bank Five Nine IT help desk specialist.

On Thursday, March 10th, Bank Five Nine presented their annual “President’s Awards”.

The President’s Awards, presented by Bank Five Nine President and CEO Mark W. Mohr, highlight the outstanding accomplishments and exemplary work of Bank Five Nine employees. Bank Five Nine takes nominations from employees during the month of January, which are then reviewed by Mohr for final selections. Once again this year, there were five employees recognized across the categories of Leader in Community Service, Leader in Customer Service, Excellence in Mentorship, Rising Star, and Financial Achievement.

  • Cheri Schadeberg, Bank Five Nine Germantown branch manager, was the recipient of the “Leader in Community Service” award.
  • Mo Ghaly, Bank Five Nine IT help desk specialist, was presented with the award of “Leader in Customer Service.”
  • Kera Lindemann, Bank Five Nine retail banking operations manager, was awarded the “Excellence in Mentorship” award.
  • Joe Clapper, Bank Five Nine BDO-SBA specialist – commercial lending, was awarded the Bank Five Nine “Rising Star” award.
  • Casey Diderrich, BDO commercial lending was this year’s winner of the “Financial Achievement Award.”

Bank Five Nine thanks all employees who nominated someone this year for the program. Over 70 wonderful nominations were received! “We are fortunate to have so many great employees who strive make lives betters for our customers, as well as their coworkers, each and every day,” said Mohr.

WaterStone Bank welcomes the addition of a community president at its Germantown/Menomonee Falls branch.

Joel Maske now serves as the community president of WaterStone Bank’s Germantown/Menomonee Falls branch. Maske brings 26 years of experience in sales, coaching, and leadership to his new role at WaterStone Bank.

In his free time, Maske likes to golf. When not on the green, he enjoys the Milwaukee live music scene as both a concert goer and a professional musician!

Kanini McDaniel, regional manager of the Germantown branch, says “He is ready to take his branch to new heights.” She mentioned that Maske has already joined the local Chamber of Commerce to help make WaterStone Bank a household name in the Germantown community.

Triangle Background

National Exchange Bank & Trust President and Chief Operating Officer Jim Chatterton has announced numerous promotions within the organization.

William Hodgkiss

William Hodgkiss is promoted to executive vice president in commercial lending and is working out of the office located on West Johnson Street in Fond du Lac.

Hodgkiss joined the bank in 2021, as senior vice president in commercial lending. He brought with him more than 10 years of executive leadership experience in commercial lending and banking; serving other financials in roles as senior vice-president, president and CEO. In his role, he will continue to lead, support, and manage a commercial banking team while growing his loan portfolio in the Fond du Lac and Waupun areas. His expanded role will include relationship building strategy.

Hodgkiss grew up in Conneaut, Ohio, where he attended Ashtabula St. John School before his family moved to Appleton where he graduated from Xavier High School. Hodgkiss went on to complete his bachelor of business administration at St. Norbert College in De Pere.

Today, Hodgkiss resides in Appleton with his family where he is active in the community as a board member and treasurer for the YMCA Fox West and a board member for the ThedaCare Foundation in Appleton.

Steve Holz

Steve Holz is promoted to executive vice president in commercial lending and is working out of the office located in downtown Fond du Lac.

Holz joined the bank in March 1992, in the credit department as a credit analyst. In 1994, he transitioned to commercial lending officer and was promoted numerous times before his most to senior vice president in 2016. Throughout his time in commercial lending, Holz has worked with business owners to explore commercial loan solutions that best align with their business vision. His expanded role will include strategic growth of the loan portfolio.

Holz grew up in Fond du Lac, where he attended Goodrich High School. He went on to earn his bachelor’s degree in economics from Ripon College. Holz is also a graduate of the American Bankers’ Association (ABA) Commercial Lending Graduate School and the Wisconsin Bankers’ Association (WBA) Lending School.

Today, Holz resides in Fond du Lac with his family, where he is active in the community as a part of Envision Greater Fond du Lac’s Revolving Loan Fund committee. He is also a past member of the board of directors and treasurer for the Fond du Lac chapter of the American Red Cross, past member of the board of directors, president of the Fond du Lac Economic Development Corporation, and board member of Cardinal Athletic Alumni Association.

Gregg Mashack

Gregg Mashack is promoted to senior vice president and retail lending manager.

Mashack joined the bank in 2017 as a vice president and retail lending lead and brought more than 18 years of leadership and lending experience with him. Mashack works out of our Waukesha office where he oversees the retail lending and fulfillment teams for all markets.

Mashack grew up in Elkhorn, Wis. where he attended Elkhorn Area High School. He holds an associate degree in Natural Resources from Fox Valley Technical College and a bachelor’s degree in business management from the University of Phoenix.

Mashack resides in Waukesha with his family. He is active in the community as a part of many realtor associations in markets the bank serves, a member of the board of directors for the Wisconsin Mortgage Bankers Association, and a member of the board of directors for Waukesha Youth Football.

Sue Freund

Sue Freund is promoted to vice president in loan services.

Freund joined the bank in 2003. Over her tenure, she has held positions as loan services officer and assistant vice president in loan services, and she has played an integral role behind the scenes working out of our loan operations office in downtown Fond du Lac.

Freund grew up in Fond du Lac where she attended Oakfield High School. She went on to earn her bachelor of business administration from UW-Oshkosh and her masters of business administration from Embry-Riddle Aeronautical University.

Today, Freund resides in Fond du Lac with her family, where she is active in her community as a member of her church.

Amanda Fryman

Amanda Fryman is promoted to vice president in commercial loan services and works out of our loan operations office in downtown Fond du Lac.

Fryman joined the bank in 2010 as a commercial loan processer and most recently promoted to assistant vice president of loan services in 2018. In her role, she has been leading the commercial loan processing team and ensuring operational efficiency of the commercial loan department. In her expanded role, she will ensure loans comply with regulations, policies and procedures, and focus on continual innovation of loan processing operations and projects.

Fryman holds a degree in leadership development from Moraine Park Technical College. She is originally from Rosendale, and today, lives in Oakfield with her family. Fryman is a board member of the Moraine Park Foundation and a former member of the Young Professionals of Fond du Lac.

Nicki Hau

Nicki Hau is promoted to talent acquisition officer.

Hau has been with the bank for 15 years and works out of the office in downtown Fond du Lac. In her expanded role, she will implement and oversee the recruitment process; work with leaders in the organization to understand business and talent needs; and design processes to attract, hire, and retain qualified employees.

Hau grew up in New Holstein where she attended New Holstein High School. She went on to obtain her degree in human resources management from UW-Oshkosh. Additionally, she has earned the distinction of Professional Human Resources (PHR), has received a certificate for Effective Communication & Human Relations from Dale Carnegie, and she has completed the Leadership Fond du Lac Program.

Hau currently resides in Fond du Lac with her family. She is active in the community as a member of the Fond du Lac HR Association and Society of Human Resources Management (SHRM-CP), a United Way Coordinator and a part of the Young Professionals of Fond du Lac.

Danyel Moyle

Danyel Moyle is promoted to credit officer/manager.

Moyle joined the bank in 2011 as a credit analyst. Over her tenure at the bank, she has played an integral role behind the scenes in the credit department.

Moyle grew up in Mayville where she attended Mayville High School. She went on to earn her bachelor’s degree in business administration – finance from UW-Green Bay. She now resides in DeForest with her family.

Karri Oelke

Karri Oelke is promoted to marketing officer and works out of our downtown Fond du Lac office.

Oelke joined the bank in 2012 as a marketing coordinator and brought with her more than eight years of marketing experience. In her role, she will help lead the marketing team in all areas of marketing and public relations, act as brand ambassador to educate and lead consistent brand representation and perception internally and in all markets, manage internal and external marketing and communications programs including cross-functional support of all departments within the organization, lead digital marketing efforts, ensure marketing compliance with all regulations and support employee and community events.

Oelke grew up in Oshkosh where she attended Oshkosh West High School. She went on to obtain her bachelors of business administration with majors in marketing and operations management from UW-Oshkosh. Additionally, she has completed Envision Greater Fond du Lac’s Leadership Fond du Lac Program and Leading People and Processes course.

Oelke now lives in North Fond du Lac with her family, where she is active in the community as secretary and board member for Big Brothers Big Sisters (BBBS) of Fond du Lac County and a member of the Boys and Girls Club Reach for the Stars Annual Dinner planning committee. She is also a past participant of the City of Fond du Lac’s Downtown Exploratory committee and past member of the Leadership Fond du Lac Alumni board.

Teri Wall

Teri Wall is promoted to personal banking officer/team leader at the office located on South Main Street in Fond du Lac.

Wall joined the bank in 2005 and has been a member of the personal banking staff throughout her tenure. In her role, she will continue to ensure smooth and efficient deposit account set-up and customer service and lead the personal banking team at the Fond du Lac – South Main Street location including serving as a team resource and trainer.

Wall grew up in Cincinnati, Ohio and now resides in Fond du Lac with her husband, Dan. She has completed the Envision Greater Fond du Lac Leadership Fond du Lac Program and is active in the community volunteering with the bank’s financial education program as a part of bank tours and going to community schools. In the past, Wall was an ambassador with the Fond du Lac Association of Commerce.

As the “Bank of You,” North Shore Bank is celebrating the success it found through a new Community Engagement Managers (CEM) program that yielded new community programming as well as developed staff skills and expertise around building a vibrant community where they serve.

The program, facilitated by NEWaukee, in its first year regularly brought together five hand-selected North Shore Bank leaders from across the bank’s footprint to engage and collaborate to expand the bank’s presence in the communities it serves. The initiative allowed North Shore Bank to grow deeper relationships in its markets, create more community partnerships, and invest and develop its team in the premise and value of community engagement.

“We are the bank of you and that refers to our customers and community, as well as our employees. Launching this engagement-driven program among our top leaders has resulted in bringing the bank into more of our community and has really been a win-win-win for North Shore Bank, our communities, and our staff,” said Craig Witz, vice president of retail banking at North Shore Bank.

The Community Engagement Managers program resulted in three new signature community programs in 2021 for the bank, including Southside Dining Week in the Milwaukee market, the You Can Happy Hour Meetup, and the Welcome Party. The program also was a success with employee participants reporting increased confidence in their communication skills, improved collaboration skills, and a greater sense of belonging.

Community Engagement Managers spanned a variety of locations across the bank’s footprint, including Shorewood, Milwaukee, Green Bay, and Kenosha. CEMs include Shannon Weber, Alfredo Martin, Katie Longsine, Mary Benz, and Brian Bozek. Bank District Manager and VP Kerri Collins assisted in the program as mentor.

“This program really empowered me to take my pride and positivity of being a North Shore Bank employee and produce valuable offerings for our customers and community members,” said Shannon Weber, a CEM participant who manages North Shore Bank’s Shorewood office. “We developed and launched new community offerings through our collective ideas and engagement that in turn have touched thousands of people.”

The 2022 program is underway with a second cohort of four North Shore Bank employees in the Southeast Wisconsin market. CEMs include Ray Guardiola, Erica Hughes, Danielle Hansen and Stephanie Ruiz who cover Greendale, Greenfield, Germantown, Kenosha, and Muskego. Bank District Manager and VP Cristen Baumann is assisting in the program as mentor for the second group.

Triangle Background

On March 11, Wendy Querna was presented WBA’s Lifetime Service Award for her 30-year anniversary at River Falls State Bank.

Triangle Background

Jerry Bauer, chairman of the board of directors for both Security Financial Bank (SFB) and Security Financial Services Corporation (SFSC), the holding company that owns the bank, announced the promotion of Mark Oldenberg as chief executive officer (CEO) for both SFSC and SFB. Oldenberg, who succeeds Paul Rudersdorf, also has been appointed to serve on the board of directors for both SFB and SFSC. All were effective as of March 11, 2022.

“On behalf of the board of directors, we congratulate Mark on his appointment. We look forward to the vision, leadership and perspective he will bring to the role,” Bauer said. “We also thank Paul for his service and wish him the best.”

For the past few months, Paul and Mark have successfully worked side by side preparing for this transition.

“I leave the bank in a good place and with an experienced new leader in Mark Oldenberg,” Rudersdorf said. “Mark is a wonderful addition and will serve the bank well as SFB grows.”

Oldenberg, who most recently served as president of SFB, will continue to serve as president in addition to his duties as CEO. He has more than 25 years of community banking experience and earned degrees in both finance and accounting from the University of Wisconsin-Eau Claire.

“I am honored to help lead a team that is so passionate about providing exceptional service to our clients and communities,” Oldenberg said.