LOCATION: 508 Shepherds Drive, West Bend, WI 53090
WEB SITE: www.commercestatebank.com
YEAR FOUNDED: 2005
PRODUCT OR SERVICE OFFERED: Banking.
PROJECTED 2008 REVENUE: $16 million
LEADERSHIP TEAM: Joe Fazio, chairman and chief executive officer; Tom Hopp, president; Dave Borchardt, chief operating officer and chief financial officer; Kevin Volm, executive vice president; Jenny Backhaus, vice president of operations; Brad Kuhn, vice president of mortgage lending.
TARGET CLIENTELE: Small and medium-size businesses. Loans of $500,000 to $5 million and more.
BUSINESS ORGANIZATION MEMBERSHIPS: Wisconsin Bankers Association; Community Bankers of Wisconsin; Independent Community Bankers; and American Bankers Association.
WHAT HAS FUELED YOUR COMPANY’S GROWTH? Staying outwardly focused on needs of prospects and clients. Maintaining a sales oriented culture.
WHAT IS THE BIGGEST OBSTACLE TO YOUR COMPANY’S GROWTH? Capital ratio requirements. Growing deposits at the same pace as loans.
DO YOU PLAN ANY CHANGES IN YOUR COMPANY IN THE UPCOMING MONTHS? Moving into new 33,000-square-foot headquarters building in December 2008. Hiring additional people and convert to new information technology system.
WHO ARE THE BUSINESS PEOPLE, LOCALLY OR NATIONALLY, WHOM YOU ADMIRE? AND WHAT TRAITS DO THOSE PEOPLE EXHIBIT THAT MAKE YOU ADMIRE THEM? We admire business people that operate with integrity and who understand the focus must be on clients, and prospects to continue to grow. Those admired: Frank Martire-Metavante, George Dalton-Novo1, Frank Jaehnert-Brady, Dennis Kuester-M&I, Michael Eisner-Disney and Sam Palmisano-IBM. I am sure there are more.
WHAT IS THE OUTLOOK FOR THE BUSINESS CONDITIONS OF YOUR INDUSTRY OVER THE NEXT SEVERAL MONTHS? Industry outlook is soft due to the slowing economy, particuarly residential housing. Our outlook is positive due to our sales oriented culture.
Congratulations from these strategic partners: