News & Releases

MADISON, WI (January 2022) — Park Bank is excited to be the lead financial institution backing the new Usona Institute that is under construction in Fitchburg, WI. Scheduled to open in 2023, the $60 million, 93,000 square-foot campus will serve as the new home for Usona’s existing team of 30 employees and include space for therapy, training, and education.

The not-for-profit medical research organization conducts and supports pre-clinical and clinical research...

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Mike Jackson is named the newest member of Park Bank’s Board of Directors

MADISON, WI (October 13, 2021) — Park Bank to announce the addition of Mike Jackson, Associate Athletic Director of Development, Inclusion & Engagement at the University of Wisconsin-Madison as their newest board member.

Jackson, a University of Wisconsin-Madison alum, is a former two-sport student-athlete, where he was a member...

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Park Bank Earns 2021 Great Place to Work Certification™

Madison, Wisconsin – Park Bank is proud to be Certified™ by Great Place to Work®. The prestigious award is based entirely on what current employees say about their experience working at Park Bank. This year, 89% of employees said it’s a great place to work – 30% more than the average U.S. company.

Great Place to Work® is the global authority on workplace culture, employee...

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Madison, WI (June 1, 2021)—Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America® (ICBA), recently unveiled its third annual 40 Under 40: Emerging Community Bank Leaders competition winners. The award highlights young community bankers who stepped up to help their banks navigate a chaotic year. Suzanne Johnson, Vice President of Branch Banking at Park Bank has been named to the list.

The...

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MADISON, WI (March 10, 2021) — On March 3, Cybersecurity and Infrastructure Security (CISA) alerted the public that Microsoft Exchanges servers’ weaknesses led to stolen emails from at least 30,000 organizations ranging from small businesses to government agencies across the United States. The hack allowed the...

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MADISON, WI (February 3, 2021) — Jim Hegenbarth, President and CEO of Park Bank, has been named the 2020 Wisconsin Bankers Association Banker of the Year for his outstanding commitment to the local Madison community and the broader banking industry during his career.

The Banker Of The Year Award highlights the importance of a Wisconsin banking CEO or President to their local communities - areas where Hegenbarth has made significant contributions.

From...

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Round Two of the Paycheck Protection Program is here. This round of PPP funding includes positive changes that expand program eligibility and provides added benefits for businesses. And, if you received a PPP loan last year, you can apply for another one.

It’s important to apply for this round of PPP funding as soon as possible, as PPP funding is limited...

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Park Bank is proud to have these incredible women on our team, and not just because of their contributions to our business. Each of these women serve on the board for local women-led nonprofit organizations.

Leila Godkin, VP of Business Banking, serves on the board for The Business Forum, which, appropriately, is focused on supporting and strengthening women in our community through networking events, special programs, and philanthropic work. This board is led by President...

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The Small Business Administration just released new guidance that simplifies the loan forgiveness application for PPP loans of $50,000 or less.

If you borrowed less than $50,000, you will need to complete the two-page application – Form 3508S – which includes certifications from you as the borrower, along with documentation that verifies your forgivable payroll and non-payroll expenses.

In addition, you will need to retain any documentation related to your PPP loan...

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Where you bank matters. Just ask the Wall Street Journal and Jim Cramer of Mad Money on CNBC, who recently touted the way community banks were able to prove their value through their success assisting small businesses with the Paycheck Protection Program.

The Paycheck Protection Program, or PPP, was put in place to provide assistance to small businesses, offering a forgivable loan if the business retains its employees for eight weeks and the funds are used for payroll,...

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