Wisconsin Banking News

Securant Bank & Trust adds new settlement trust group; Waukesha State Bank opens new branch

Securant Bank & Trust adds new settlement trust group

Securant Bank & Trust recently added a new service group, dedicated to serving structured settlement planners, which represent people who have won structured settlements in personal injury cases.

“Settlement planners have typically used annuities for those payments,” said David Davis, Securant Bank & Trust president and CEO. “Adding trusts to the mix gives planners greater flexibility in meeting the injured party’s needs and wants.”

The Settlement Trust Group will support settlement planners with specialized knowledge in trust administration and marketing.

Adding the group furthers the bank’s strategic plan for growth into new markets, Davis said.

“This is a prudent growth opportunity,” he said. “We’re in the right position to offer unique services to an expanding market.”

Securant has named Benjamin Malsch and Deanna Haught vice presidents, and each will work in the newly formed Settlement Trust Group.

Malsch worked previously for First Capital Surety & Trust Company, most recently serving as vice president/trust officer. Haught has 15 years of financial planning experience, most recently working six years as a trust officer for First Capital Surety & Trust Company.

“Ben and Deanna offer unmatched expertise in settlement trusts and public benefits,” Davis said. “Settlement planners across the country rely on their knowledge, insight and understanding of the injured party’s needs. We’re proud they’ve chosen to join our team and pleased that their skills match our plans for growth.”

Waukesha State Bank opens new branch

Waukesha State Bank has opened its 13th branch location, located at East Racine Avenue and Highway 164 in Waukesha. A ribbon cutting ceremony will be held today at 4 p.m. and will be attended by local business leaders, city and county officials and bank staff, including City of Waukesha Mayor Larry Nelson, County Executive Dan Vrakas, Ty R. Taylor, bank president and CEO, and Michele Johnson, East Racine Avenue bank manager.

"We’re pleased that our newest office is in the city where we began growing our community roots 65 years ago," said Taylor. "It’s an ideal location for our many customers who already live on that side of the city who now have another, more convenient banking location. We also recognize that this part of our city continues to grow and we are better able to meet the area’s increased banking needs with the addition of this location."

 

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