News & Releases

As you’ve probably heard, news recently broke that Silicon Valley Bank (SVB) the country’s 16th largest bank; failed. This represents the largest bank failure since the 2008 financial crisis, and the second largest bank failure in United States history.

Many clients and the general community may be asking questions on what this means for The Park Bank, and in particular “are my deposits safe?” What happened was a unique situation. Deep concentrations in the technology...

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CROSS PLAINS, WI (January 2023) – Park Bank is excited to announce its plans to open a new location in Cross Plains.

The branch will be located at 2407 Brewery Road in Cross Plains. Park Bank and building partners are eyeing a spring start to the beginning of construction on the existing property. Opening of the branch is anticipated this fall.

MIDDLETON, WI (August 2022) – Park Bank is excited to announce the addition of three new associates — Judy Ketelboeter, Kelly Powell, and Royce Wyss. The trio will join Park Bank on Sept. 12, 2022.

Collectively, they have served the Middleton and Cross Plains communities for over 40 years within their roles at the former Middleton Community Bank and more recently Monona Bank. Adding Ketelboeter, Powell and Wyss will strengthen the bank’s ability to...

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MADISON, WI (May 2022) — Park Bank to announce the addition of Beth Prochaska, President and CEO, at Potter Lawson as their newest board member.

Prochaska first joined Potter Lawson as a receptionist over 40 years ago and worked her way through almost every department, as well as becoming the first female shareholder. She has...

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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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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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