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Special thanks to all the banks below who have already qualified for Gold Triangle in 2020! Want your name on the list? Contact WBA's Mike Semmann for more information!

WBA has two advocacy funds that you can donate to. The first, the Alliance of Bankers for Wisconsin (ABW) Conduit Fund acts as your personal "political bank account." With this option, you choose which candidates or legislative party committees your donation goes to. If you want to participate in our efforts but want WBA to select which candidates to give to, you can give to Wisbankpac, a political action committee registered with the Wisconsin Ethics Commission and Federal Elections Commission.

Bankers will need to continue to be very involved in talking to our legislators and regulators, and we will need strong, unified industry positions that make sense in this economic and political environment. WBA will continue to support those elected officials who support us. As always, WBA focuses on winning elections by supporting candidates in the "Banker" party, not Democrat or Republican.

Gold Triangle Club banks are at the forefront of the banking industry's political action effort. To qualify for membership in the Club, bank employees and directors must contribute a minimum amount to WBA's political action funds (the Alliance of Bankers for Wisconsin political conduit and WBA's political action committee, Wisbankpac) apportioned by bank asset size:

Bank Assets

Total Banker Contributions

$0-25 Million

$500

$25-100 M

$1,000

$100-250 M

$1,500

$250-500 M

$2,000

$500-750 M

$2,500

$750 M – $1 Billion

$3,500

$1 B+

$4,500

These contributions go toward helping pro-banking candidates get into office. Hearty congratulations to the following banks, whose directors and employees contributed enough to WBA's political action funds to achieve Gold Triangle Club bank status in 2020:

 

  • American National Bank-Fox Cities, Appleton 
  • Associated Bank, Green Bay 
  • Bank of Luxemburg 
  • Bank of Wisconsin Dells 
  • Bankers’ Bank, Madison 
  • Bluff View Bank, Galesville 
  • Bristol Morgan Bank, Oakfield
  • Capitol Bank, Madison 
  • Charter Bank, Eau Claire 
  • Citizens Bank, Mukwonago 
  • Citizens State Bank of Loyal 
  • Coulee Bank, La Crosse 
  • East Wisconsin Savings Bank, Kaukauna 
  • The Equitable Bank, SSB, Wauwatosa 
  • First Citizens State Bank, Whitewater 
  • First National Bank of River Falls
  • First Federal Bank of Wisconsin, Waukesha
  • First State Bank, New London 
  • Forward Bank, Marshfield 
  • Horicon Bank 
  • Investors Community Bank, Manitowoc 
  • Monona Bank 
  • Mound City Bank, Platteville 
  • National Exchange Bank & Trust, Fond du Lac 
  • North Shore Bank, FSB, Brookfield 
  • Oak Bank, Fitchburg 
  • Oostburg State Bank 
  • Partners Bank, Marshfield 
  • The Peoples Community Bank, Mazomanie 
  • Peoples State Bank, Prairie du Chien 
  • Premier Community Bank, Marion 
  • Security Financial Bank, Durand 
  • Security State Bank, Iron River 
  • State Bank Financial, La Crosse 
  • State Bank of Cross Plains 
  • The Park Bank, Madison 
  • The Stephenson National Bank & Trust, Marinette 
  • Tomahawk Community Bank, SSB 
  • Wisconsin Bankers Association, Madison

Should your bank be on the list? Contact WBA’s Mike Semmann via email or 608-441-1206.

By, Eric Skrum

The Joint Committee on Finance continues to make its way through the budget process. This week, JFC is meeting twice to approve various sections of the 2019-2021 State Budget.

On Tuesday, the big discussion was over the Department of Health Services – specifically Medicaid funding. Republicans on the committee approved a plan to spend an additional $588.2 million in general purpose revenue into the Medicaid program, pushing up reimbursement rates for hospitals, nursing homes, and personal care workers.

The investment of state tax dollars would mean an additional $858.4 million in federal funds that would help cover costs of the joint state-federal Medicaid program.

But Dems slammed the GOP proposal as inadequate because it didn't embrace Governor Tony Ever's call to expand Medicaid under the Affordable Care Act. They pointed out that approach would have saved the state $324 million in GPR while resulting in an additional $1.6 billion investment in health programs.

On Thursday, the committee will consider transportation funding. A group of Senate Republicans on Wednesday announced plans to increase local road funding by more than $130 million. The 10 Senate Republicans at the news conference included all six caucus members on the Joint Finance Committee. The plan includes giving each county $1 million and providing towns with $1,000 per mile of road in their jurisdictions.

The package would also be one-time money, taking advantage of new revenue projections the Legislative Fiscal Bureau released last month. The agency now projects an additional $753 million in revenue through mid-2021 compared to previous estimates. Still, it noted much of that was one-time money as taxpayers take advantage of the 2017 rewrite of the federal tax code.

In non-budget news, the Wisconsin State Senate was on the floor on Wednesday debating a series of bills, most notably four bills that dealt with abortion. Those included the banning of abortion based on the sex of the baby, requiring doctors to care for children born alive following abortion, and certain certifications of abortion providers. Evers has already announced he will veto all those bills. 

Next week's schedule has not been announced, but we expect the Joint Finance Committee to meet both Tuesday and Thursday again.

By, Jon Turke