Banking News

Wauwatosa Savings Bank to change name to WaterStone Bank
Wauwatosa Savings Bank plans to change its name to WaterStone Bank SSB May, the bank announced Monday. 
"A name change is necessary to better reflect what we are now, and what we plan to be in the future," said Doug Gordon, president and CEO of the bank. "As we continue to expand geographically to other communities, “Wauwatosa” does not clearly define our intentions to be the premier community bank in all the communities we serve."
The bank polled more than 1,700 of its customers during February, asking them to help choose a new name. Choices included WaterStone Bank, Granite Bank and Security First Bank. 
Wauwatosa Savings Bank operates branches in Wauwatosa, Franklin/Hales Corners, Germantown/Menomonee Falls, Oak Creek, Oconomowoc, Pewaukee, Waukesha, and West Allis. For information, visit

Commerce State Bank surpasses $200 million in assets
West Bend-based Commerce State Bank surpassed $200 million in assets at the end of February. The bank opened in August, 2005, and focuses on commercial loans, low transaction volume/high balance deposits and home mortgage products.
Joe Fazio, the bank’s chairman and CEO, said Commerce State Bank’s rapid growth is due to hard work and a focus on customer service.
"There is nothing magical about what we are doing," he said. "Everyday we say thanks and proactively call on clients. We also commit to providing them with a fast yes or a fast no; slow no’s or maybes simply waste time. Perhaps our secret is that we do this consistently each and everyday."

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