Johnson Bank, a member of the Racine-based Johnson Financial Group, will open a new loan production office in Wausau next Monday. The 3,500-square-foot loan production office, to be located in downtown Wausau, will be the bank’s first entry into the Wausau market, and will focus on building commercial banking, private banking, cash management, insurance and investments, said Brad Quade, Milwaukee regional president of Johnson Bank.
"It’s our hope to develop a market presence in the Wausau area," Quade said. "We view it as a real hub of opportunity for us with the businesses that are there and the medical community that’s developing there."
Johnson Bank now has four offices throughout the Fox Valley, and the bank views the Wausau loan production office as a link to its established presence in Eau Claire, Quade said.
The bank recently hired David Johnson to be its vice president of business banking and market manager for the Wausau loan production office. Quade declined to give the address for the loan production office, but said the bank may need to move within a year.
"We’re starting to recruit for additional people to fill out our office," Quade said. "We hope to built it into a full service location there and add locations as opportunities rise."
