Investors Community Bank recently completed the exciting yet daunting challenge of relocating its headquarters. Staff at the bank's main office in Manitowoc used to be split between two adjacent facilities and had outgrown both of them. Ultimately, the bank decided to purchase the former Manitowoc Company corporate headquarters as their new home. Soon, the Manitowoc branch location will be added to the building, as well. "The goal is to have everyone under one roof here in Manitowoc, as we were located in two buildings," CEO and Co-Founder Tim Schneider told WBA. (ICB has full service offices in Appleton, Green Bay, Manitowoc, and Stevens Point, as well as loan production offices in Eau Claire, Sheboygan, Darlington, and Fond du Lac.)
Executive Vice President – Counsel/Chief Risk Officer Mark Miller helped lead the project. "The facility we moved into is in great shape, and is only 17 years old, so we wanted to keep the bones of the structure," he said. "We did very little remodeling." The few changes that were made were done to facilitate collaboration within and between departments. For example, purchasing new cubicles in one area. However, the vast majority of the bank's office furniture needs were met, since the building's purchase included furnishings. "Some of it was inefficient and didn't fit our structure, but we were able to use 80 to 90 percent of the furniture that was here," said Miller.
That meant there was a lot of extra furniture. "We realized we had twice as many office chairs as we needed, and the Manitowoc Company had a lot of file cabinets that we didn't need in today's environment of electronic storage," Miller explained. After all of ICB's staff needs were inventoried, the bank found an abundance of desks, storage cabinets, filing cabinets, desk chairs, conference room tables, and more.
This is where the story gets interesting. Rather than sell, recycle, or trash the extra office furniture, the bank decided to donate it. Many of ICB's staff members sit on the boards of local nonprofits, so the bank was familiar with those organizations' need for quality office furniture. In the end, eleven Manitowoc County nonprofits inspected, selected, and moved a total of 315 pieces. All of the furniture donated was high-quality and only lightly used. "In many cases, the furniture we donated was an upgrade from what they had," Miller explained.
Miller (far right) assists staff from Lighthouse Recovery Community Center with loading the furniture they selected.
The decision to donate its surplus office supplies also aligns with the ICB's culture and brand. "I thought it was a great idea," said Schneider. "We give back to our community in many ways." The donation was just one more demonstration of the bank's deep commitment to its community. It's also reflected in staff engagement and enthusiasm about the move. In mid-August, the bank held an all-employee event (with families invited, too) for staff to move their personal items into the new building. "There was a lot of comradery among staff at that event," said Schneider. "There's a lot of buzz and excitement about this place." The building is among the top office spaces in the area, and its location near the highway will provide the bank with excellent visibility in the community.
This story is an excellent example of how Wisconsin's banks continuously invest in their communities and dedicate their time and resources to helping them grow. If you have a story to share, or just good news about new hires, promotions, or staff retirements, please send them to WBA's Bulletin Board at firstname.lastname@example.org. Visit www.wisbank.com/BulletinBoard to see the latest updates and community stories.