Brookfield-based North Shore Bank today announced it will tear down its Oklahoma Avenue location in Milwaukee’s Jackson Park neighborhood and build a new branch in its place.
The existing branch is located at 4230 W. Oklahoma Ave. The new branch, expected to open in spring 2017, will incorporate new technology and design, including an open concept lobby. It will include a financial literacy area for children and families, a community room for Jackson Park groups and organizations, interactive kiosks and video conferencing capabilities. It will also have a drive-thru and a self-serve coin counter, which are currently available at the existing branch. The new branch will offer extended hours, the bank said in an announcement.
While the new branch is being constructed, North Shore will operate a temporary branch next door, at 4227 W. Forest Home Ave.
North Shore Bank last week announced it would consolidate its Shorewood branches into one new facility it is building in Shorewood. The company, which has 445 employees at 45 branches in eastern Wisconsin and northern Illinois, is in the process of acquiring West Allis-based Layton State Bank parent Layton Park Financial Group Inc. That transaction is expected to close in the fourth quarter.
“At North Shore Bank, we are always working to provide the best experience and the most convenient banking options for our valued customers,” said Susan Doyle, senior vice president of retail banking at North Shore Bank. “Our new Jackson Park branch will offer the very latest in innovative design and exciting new customer-friendly features that enhance the overall customer experience. We are excited to be bringing these improvements to the Jackson Park community and look forward to continuing to serve our many customers in the area.”
North Shore has assets of more than $1.8 billion and deposits of $1.5 billion as of March 31. Net income was $873,000 in the first quarter, down from $1.3 million in the first quarter of 2015. Representatives of the bank could not be reached for further information.