Sunset Bank seeking expansion funds

The corporation that operates Sunset Bank & Savings in Waukesha is selling up to 125,000 shares of common stock for expansion of the bank.
Waukesha Bankshares has set a subscription price of $24 per shar for the offering, which will expire on Sept. 30, said Robert Eastman, president and CEO of Waukesha Bankshares.
Waukesha Bankshares was organized in May of 1998 and owns 100% of the stock of Sunset Bank & Savings, a state-chartered savings bank at 521 W. Sunset Drive in Waukesha.
The bank’s targeted clientele consists of individuals and small to medium-size businesses, primarily in Waukesha County. Services include commercial, real estate and personal lending, checking, savings and time deposits and other customer services such as Internet banking and bill payment services. The bank also provides wraparound cash management services for small businesses including “courier banking”.
Eastman said proceeds from the stock sale could be used to open additional locations or to pursue other lines of business.
For the quarter that ended June 30, the bank reported nearly $70.5 million in assets, according to the Wisconsin Department of Financial Institutions.
Sept. 13, 2002 Small Business Times, Milwaukee