Bank Mutual
Vigorous, strong, dependable – these are the qualities of a banking institution that although local to be considered on its operation but is revered as successful in terms of customer satisfaction. Bank Mutual, a company symbolized by an eagle, protective, vanguard, mutual. As their slogan puts it, “trust on us because the feeling is mutual”. And it’s always been true for the company. For over the years, Bank Mutual knows exactly your needs. Learn more about the company’s mutual relationship with its clients.
Bank Mutual was established in the year 1892. The company is hailed as one of the biggest savings banks in Wisconsin to be chartered by Federal State Constitution. Bank Mutual has collective assets of worth $3.5 billion combined by its seventy seven branches in greater Wisconsin, 1 in Minnesota and 1 in Woodbury. There are currently 78 Bank Mutual locations spread across these three main markets employing more than seven hundred ninety employees.
Bank Mutual, presently, has more than 100,000 customers, all benefiting from the company’s robust and trustworthy services from savings to investment, checking to lending services. Competitive rates make Bank Mutual products attractive. But above all, Bank Mutual insures its depositing customers of a secure and safe way of saving and investing through its membership in the FDIC.
Bank Mutual is operated by the Bank Mutual Corporation. The Bank Mutual Corporation has been serving the Wisconsin State for more than one hundred fifteen years. To achieve the position of being the 4th biggest bank in Wisconsin, Bank Mutual combines its sense for local participation and its strong banking experience. The company follows closely with its chief competitors the U.S. Bancorp, Marshall & Lisle and Associated Banc-Corp.
The Bank Mutual Corporation is headquartered in Milwaukee, Wisconsin. As of the year 2006, it reported sales of $191.4 million, posing a growth percentage of 5.4%. Its net income during that year reached $20.6 million with an income growth of 26.5%. The corporation is lead by Chief Executive Officer, President and Chairman, Michael T. Crowley Jr.
The Corporation’s main activities involve retail deposits from the Wisconsin people. The deposits from its customers, as well as income from other business lines, are utilized by the Corporation to invest on commercial business loan, commercial real estate financing, consumer loan and residential loan. The Bank Mutual Corporation is also putting money on investment securities and mortgage related security investments. The company’s primary lending is geared towards 1 to 4 family, owner-dwelled home, home equity & line of credit, auto loan, commercial real estate and multi family loans and commercial business loan.
As of June 2006, the Bank Mutual Corporation’s combined share is 2.06%. from all its savings association customer deposits, savings bank and entire Wisconsin network. Bank Mutual covers seventy five percent of the Wisconsin population, a combined figure of all the Counties where the Bank is operating.
Bank Mutual Corporation calls its focal market the SMSAs, which stands for Standard Metropolitan Statistical Areas covering Kenosha, Racine and Milwaukee. Because these areas have strong economic base and massive manufacturing activities, Bank Mutual Corporation is concentrating on these three. Its present SMSA alone covers thirty four percent of the Wisconsin banking population making it a huge contributor to the company’s asset growth. Milwaukee today is evolving and more technology and service-based enterprises are sprouting. Bank Mutual says it’s a promising opportunity for them.
Bank Mutual only runs four banking centers in the Madison Capital. Although Madison comprises eight percent of the Wisconsin population, the City’s economic activity are as dynamic as Milwaukee. Bank Mutual’s markets in South Eastern and South Central are comprised of agriculture and manufacturing economies.
Bank Mutual’s understanding of its local markets is what makes the company boom. Evidence that indeed the company equally attends to the needs of its clients. Check out the Bank Mutual Home Page, review their services and enjoy perks and special offers.