Wisconsin Banking News

Johnson Bank to close branches

Johnson Bank will close its branches in Lake Geneva and Sheboygan and its drive-up location at 5417 Washington Ave. in Racine.

The Racine-based bank will consolidate its Lake Geneva office into its Burlington location, and the Sheboygan office will be consolidated into its Kohler location. The Lake Geneva and Sheboygan branches will close Dec. 17.

The closures are part of a plan to manage business in light of the evolving economic environment, the bank said.

“No one is immune to the impact caused by the current economic situation,” said Russ Weyers, chief operating officer and incoming chief executive officer of Johnson Bank. “We’re making decisions so we can be an even stronger financial partner in the future for our clients.”

Approximately 12 jobs will be eliminated with the closures. Weyers said he expects the impact on clients to be minimal.

Weyers said the bank will continue to review multiple aspects of the organization to manage the business and adapt to the changing economic environment.

 

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