The Stephenson National Bank & Trust: A Legacy of Resilience and Innovation
In 1874, the world was on the brink of incredible change: Alexander Graham Bell was perfecting the telephone, Levi Strauss was patenting blue jeans, and the United States was still growing with only 37 states. Amidst this backdrop of innovation and expansion, Isaac Stephenson and a few visionary leaders founded what would become The Stephenson National Bank & Trust (SNBT).
Fast forward 150 years, and SNBT remains a steadfast presence in the community, weathering economic shifts and technological advancements. This October, the bank celebrated not just its longevity, but also the enduring relationships and trust that have been built with customers and the community.
Founded on October 30, 1874, SNBT has been a cornerstone of the Marinette, Wis. community for 150 years. Established with a modest capital base of $25,000, SNBT has weathered numerous economic challenges over the decades including wars, national financial crises, and the Great Depression, all while maintaining its commitment to serving its customers with integrity.
Isaac Stephenson, a prominent figure in Marinette, played a crucial role in the bank’s early years. Under his leadership, the bank quickly became a trusted financial institution in the region. By 1889, the bank had received a federal charter, becoming The Stephenson National Bank. This period also saw significant growth in assets, reflecting the bank’s expanding influence and customer base.
The bank’s leadership has seen a succession of dedicated presidents who have each contributed to its growth and stability. Notable leaders over the most-recent 50 years include Mary Staudenmaier, John K. Reinke, and Daniel J. Peterson. By 2023, the bank’s assets had grown to an impressive $660 million. Today, under the guidance of Greg A. Salmen, SNBT remains committed to innovation and community service, offering a range of modern financial products and services while staying true to its roots as a community-focused institution.
“As we celebrate 150 years of dedicated service, we reflect on our rich history and the unwavering support of our community,” said Greg Salmen, President & CEO of SNBT. “We owe our longevity to the trust and loyalty of our customers and the dedication and resilience of our employees, past and present. As we look ahead, we are excited to continue our mission of providing exceptional banking services and contributing to the prosperity of our community.”
Throughout its history, SNBT has been more than just a bank; it has been a pillar of the community. The bank’s commitment to customer service and community involvement has earned it a reputation as a true community bank. Whether it is supporting local businesses, offering personalized financial advice, or participating in community events, SNBT continues to play a vital role in the lives of area residents. As SNBT celebrates its 150th anniversary, its legacy of resilience, innovation, and community service positions the bank well for continued success in the years to come.