Since inception, the role of community banks has been to help keep their local communities vibrant and growing. On March 22, 2019, Denmark State Bank celebrated 110 years of positively impacting the financial success of their customers by putting local money to work growing our local communities.
Evidenced by the sustained success of two of their longest-standing customers, they're in good company. Opened in 1909 and 1910 respectively, Susters Arcade and Konop Meats, Inc. have been family traditions that have stood the test of time.
“While the ability for any company to prosper for that many years is remarkable, what we value most is their partnership. We are committed to providing them with solutions that help them succeed and, in turn, they continue to place their trust in us,” stated Scot Thompson, President and CEO of Denmark State Bank.
What began in 1909 with a $50,000 investment has grown to a $506 million institution. Through periods of both good and bad economic times, Denmark State Bank has remained an anchor in the communities it serves.
“As a community bank, our purpose is simple: we reinvest money locally in the communities where our customers live and work. We provide loans for local businesses and individuals alike, helping each of us on our paths toward success,“ Thompson stated. “Our customers play a vital role in that success by providing the assets necessary to invest back into our communities and it’s that trust that has enabled us to continue to positively impact the success of our communities for 110 years.”