Spring Bank announced that it will move from its current location at 16655 W. Wisconsin Ave., Brookfield, to a larger location at 16620 W. Bluemound Road, Brookfield.
The move, expected to be completed by March 31, increases the bank’s space from 4,500 to 7,500 square feet and provides street-side exposure on busy Bluemound Road.
Spring Bank has signed a 10-year lease for the space with Cornicione Development LLC. Tim Janusz and Scott Satula of NAI MLG Commercial represented the bank.
“Since we opened in 2008, Spring Bank has continued to grow faster than anticipated. Our success is, and always will be, tied to the success of our clients and our community,” said David Schuelke, bank president and CEO. “Our move to larger, more conveniently located space and our successful 2012 capital campaign that increased our capital by nearly 30 percent solidly positions us to meet the business and personal banking needs of our current and future customers.”
Spring Bank has been profitable for the last three years and has outperformed peer banks nationwide while beating its growth targets.
The bank has loaned almost $250 million over the last four years, including a 28 percent increase in loan balances last year.
“We’ve also expanded our team of professionals,” noted Schuelke. “In the past four years, we have grown to 18 employees with over 275 years of banking experience. These additions represent another indication of our commitment to providing our customers with the individual attention they deserve. We look forward to a long and lasting relationship with our customers and community in our new Brookfield location.”