Bank History

Bank History

By staying true to the values with which we opened our doors more than 110 years ago, State Bank of Cross Plains has not only weathered changes in our community and in the economy, we’ve thrived. Because of our willingness to embrace new ideas, we’ve developed a reputation for giving customers the services typical of a big bank, but with the personal touch of a community bank.


From Sliced Bread to Smart Phones

In more than 110 years, we’ve seen a lot of change.

We began banking in January of 1908; at the close of our first day, assets totaled $19,399.70. Our cashier had a lending limit of $200 – a fair amount in those days, considering you could drive a new Ford off the lot for about $150.

We grew steadily until, like much of the world, the Great Depression tested our resolve through most of the ‘30s. As 40 percent of banks across the U.S. failed, and many banks in our area either folded or merged, we endured, and remained independent. After 50 years of service – following the Depression and two world wars – we turned our community’s investment into $2 million.

The next 50 years saw our country, our region, and our bank change radically. In 1969, when Neil Armstrong set foot on the moon, our assets exceeded $5 million; by 1990, when demolition began on the Berlin Wall, we’d built that $5 million into more than $70 million.

As we expanded, we became one of the first banks of our size in Wisconsin to purchase an automated teller machine and to use microcomputers for in-house analyses. By the time we turned 100 in 2008, our assets totaled $700 million and, more importantly, our family of employees had grown to over 150. In 2019, our assets surpassed the $1 billion mark, we extended our footprint into Rock and Green counties by merging with UB&T, we introduced some of the first ITMs (interactive teller machines) into our communities, and a majority of our customers now bank with us online and on mobile devices.

Powered by Our People

Our employees have always been our strength, and because we’re dedicated to remaining an independent community bank, we believe in taking care of our own. We offer comprehensive benefits and continuing education to our associates. After all, they give you their best every day and always treat you the way you deserve to be treated – as friends and neighbors.

While the number of our employees has grown, so have the services we offer to our commercial and personal banking customers. Beyond the more traditional options you might expect, we offer consumer, real estate, and business lending, as well as wealth management and financial advisory services.

Because of our commitment to providing all the advantages of a big bank, not only are we one of the top five lenders in Dane County, we’re also the Greater Madison Area’s largest independent bank. Our staff’s dedication allows us to provide personal service with a community feel.


A History of Looking Forward

We’ve come a long way, but our commitment to our customers and our community has never wavered. Today, our assets exceed $1 billion, and we employ more than 250 people across 15 locations. We have offices in Madison, Black Earth, Cross Plains (Main and Motor Bank), Middleton, Mt. Horeb, Oregon, Verona, and Waunakee, as well as Belleville, Brooklyn, Evansville, Janesville, and New Glarus. Each of these locations has the staff and management to make decisions efficiently and locally. It’s big-bank service with a community bank’s care – that’s just the way we prefer to do business.

We’re State Bank of Cross Plains, and we look forward to earning your trust for another 110 years.