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Community State Bank Breaks Ground on a New Waterford Location on Main Street

Community State Bank (CSB) is pleased to announce the groundbreaking of their new Waterford office located inside of the Waterford Lofts located at 506 E. Main Street. The 3000 sq. ft. office space, currently under construction, is a part of a 28,200 sq. ft. development project led by the Village of Waterford and Selzer-Ornst Construction Company LLC.

Community State Bank recently broke ground on their new location in Waterford. A groundbreaking ceremony was held on Tuesday, June 21st, 2022. Organizations in attendance included: Wisconsin Economic Development Corporation, Racine County Economic Development Corporation, Selzer-Ornst Construction Company, Village of Waterford, Legacy Realty Group – Tim Vandeville, Shorewest Realty – Renata Greeley, and Community State Bank.

“The Waterford Lofts project is instrumental in the Redevelopment of Downtown Waterford,” said Village Administrator Zeke Jackson. “Having Community State Bank commit to anchoring the first building early in the process helped the Village and our developer overcome one of the largest challenges in the redevelopment process: Identifying businesses willing and able to invest in the heart of downtown Waterford.”

The development is also part of the Community Development Investment (CDI) Grant Program offered through the Wisconsin Economic Development Corporation and will include luxury condominiums, as well as two large commercial spaces.

“Waterford has been my home for the past decade and it’s a great community,” said Bank President and CEO Scott Huedepohl. “We’re honored to partner with the Village of Waterford to provide local businesses and residents with an updated space for their financial needs, as well as community and collaboration spaces.”

The CSB Waterford Banking Team, led by Market President Nicholas Borth and Retail Manager Teri Eulgen, will focus on developing commercial and consumer relationships including: business development, commercial lending, commercial banking, consumer lending, consumer banking, deposit growth, and mortgage lending.

Together, Borth and Eulgen will be the key leaders in helping expand existing business banking relationships, as well as prospect and on-board new relationships.

“Waterford is prospering with new development and local business owners who genuinely care about this community,” said Borth. “They deserve a great banking experience and we’re very excited to have the opportunity to build an office geared towards service, technology, and above all, community,” said Borth.

The office, which was designed with an open floor plan and ample collaboration space, will include a full service teller line, drive-thru with interactive teller machines, smart ATM, night deposit box and safe deposit boxes. A meeting room will also be available to the community free of charge, by appointment.

The new location is set to open later this year. For more information and updates on the Waterford project visit CSB.bank.