Your Comprehensive Guide to State Bank of Cross Plains in Cross Plains, WI
Introduction
State Bank of Cross Plains is a trusted financial institution that has been serving the Cross Plains, WI community for over 120 years. With its commitment to personalized service and innovative banking solutions, the bank has grown into a leading provider of financial services in the region.
In this comprehensive guide, we'll explore the various aspects of State Bank of Cross Plains, from its history and services to its community involvement and financial performance. Whether you're a current customer, a potential customer, or simply curious about the bank, this guide is designed to provide you with all the information you need.
History and Background
State Bank of Cross Plains was founded in 1892 by a group of local farmers and businessmen. The bank's humble beginnings were in a small office above a grocery store. Over the years, State Bank of Cross Plains has experienced significant growth and expansion, becoming one of the largest banks in the Cross Plains area.
Fun Fact: The bank's original safe is still on display in the lobby of its main branch.
Services and Products
State Bank of Cross Plains offers a wide range of banking services and products to meet the diverse financial needs of its customers. These include:
Personal Banking
- Checking accounts
- Savings accounts
- Money market accounts
- Certificates of deposit (CDs)
- Personal loans
- Mortgage loans
- Home equity loans
Business Banking
- Business checking accounts
- Business savings accounts
- Money market accounts
- Commercial loans
- Lines of credit
- Equipment financing
Wealth Management
- Investment management
- Financial planning
- Retirement planning
- Trust services
State Bank of Cross Plains also offers a variety of online and mobile banking services, making it easy for customers to manage their finances from anywhere, anytime.
Community Involvement
State Bank of Cross Plains is deeply committed to supporting the Cross Plains community. The bank actively participates in numerous local events and initiatives, including:
- Community fundraisers
- Financial literacy programs
- Scholarships
- Volunteerism
The bank's employees are also known for their active involvement in local organizations and charities.
Financial Performance
State Bank of Cross Plains has consistently maintained a strong financial performance. According to the Federal Deposit Insurance Corporation (FDIC), the bank has a 5-star financial health rating, indicating its stability and soundness.
Key Financial Indicators:
| Indicator |
Value |
| Total Assets |
$542.5 million |
| Net Income |
$12.3 million |
| Return on Average Assets (ROAA) |
1.23% |
| Return on Average Equity (ROAE) |
12.5% |
Effective Strategies
State Bank of Cross Plains has adopted several effective strategies that have contributed to its success:
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Personalized Service: The bank emphasizes personalized service and relationship-building with its customers.
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Community Focus: The bank's strong ties to the Cross Plains community have fostered loyalty and trust.
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Innovation: State Bank of Cross Plains actively embraces new technologies and solutions to enhance customer convenience.
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Adaptability: The bank has remained adaptable to changing market conditions, ensuring its relevance and competitiveness.
Tips and Tricks
Here are some tips and tricks for banking with State Bank of Cross Plains:
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Take advantage of online and mobile banking services for convenience and 24/7 access to your accounts.
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Sign up for direct deposit to receive your paycheck or benefits on time, without the hassle of waiting for a check.
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Set up automatic bill payments to avoid late fees and ensure your bills are paid on time.
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Join the bank's loyalty program to earn rewards and discounts.
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Talk to a financial advisor about your financial goals and explore personalized planning options.
Common Mistakes to Avoid
To avoid common mistakes when banking with State Bank of Cross Plains, consider the following:
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Ignoring overdraft fees: Be aware of the bank's overdraft policies and take steps to avoid triggering overdraft charges.
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Not paying attention to interest rates: Compare interest rates on different accounts and choose those that best meet your needs.
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Falling for scams: Never share your personal or financial information with individuals or organizations that you don't trust.
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Not planning for the future: Consider setting up a retirement plan or savings account to secure your financial future.
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Overextending yourself financially: Avoid borrowing more than you can afford to repay.
Call to Action
Whether you're looking for a trusted financial partner, exploring new banking services, or seeking guidance in achieving your financial goals, State Bank of Cross Plains is here to support you. Visit their website statebankofcrossplains.com or stop by one of their convenient branches to learn more about their services and how they can assist you on your financial journey.
Additional Resources
