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Valley Bank

Lebanon State Bank

104 W Main

 

Click to enlarge       c.1985

 

1985

05 11          Valley Bank of Watertown will construct a new banking facility on its West Main Street property this summer, according to an announcement today by David M. Hanson, president.  The bank last year acquired the Kusel Hardware Store property which is located immediately to the west of the present bank building and the new facility will be located on the Kusel property.  When completed, the bank will be to the west of a park-like area on which the current bank is located.  Frank and Sue Witt, owners of the Kusel business, announced earlier this year that they would be closing the business late this month.   WDT

 

10 07          The way has been cleared for the Valley Bank of Watertown to construct a new building in Watertown.  The bank has received official notification from the Comptroller of Currency, central district office, located in Chicago, that the bank's plans are not in violation of banking regulations.  With that issue resolved, David M. Hanson, president of the bank, said the $1 million project should get under way in the near future.  Hanson said, “Within the next week demolition of the Kusel building should get under way.  That work is expected to take about six weeks.”   WDT

 

10 30          The back of the Kusel Building on West Main Street is shrinking by the day.  There is no interior, unless you count the floorboard and some scattered piping.  Even most of the large windows have been taken away.  Work is continuing on the demolition of the former Kusel Hardware Store, 108 West Main Street.  The razing is being performed by Bob Coughlin Contractors for Valley Bank, which plans to expand its operations at 104 West Main Street.  Once the demolition is completed, a new Valley Bank will be built in its place.  Then the current bank building will be razed for some further expansion work and the creation of a park-like area bordering the riverfront.   WDT

 

1986

05 09       Construction of the new Valley Bank of Watertown will begin by May 19, according to David M. Hanson, president.  Valley announced plans for the new facility in May of 1986, a year after it had purchased the Kusel Hardware Store building which was located immediately west of the existing structure.  The Kusel building was razed last year, and plans for the bank were prepared.  Bentz Wolfgram, Inc., of Sun Prairie will be the general contractor for the project which will exceed $1 million.  Preparatory work is expected to get under way next week and actual construction will begin on the week of the 19th.   WDT

 

1989

01 18       Karl Fischer, 101 Herman St., has resigned as a director of Valley Bank of Watertown after serving on the board for the past 25 years.  He had been a director since 1964.  At annual meetings of the bank held on Wednesday, all other directors were renamed as well as officers.  Directors are David M. Hanson, Atty. Robert Bender, James M. Clifford, Dr. William Ehlinger, Allen Frater, Paul Klink, Jerry Mountin and Louis Nehls.  No successor was named to replace Fischer.   WDT

 

1991

01 20       Thomas W. Lees was elected to the board of directors of Valley Bank of Watertown at the annual stockholders meeting of the bank.  He was promoted from vice president to senior vice president at the annual organizational meeting. Karen Melcher was promoted from loan officer to vice president/loans at the reorganizational meeting.  Lees joined the bank in 1968 and has served as vice president for the past 10 years.  A native of Watertown, he graduated from Watertown High School in 1962 and attended the University of Wisconsin-Madison.  He served in the U.S. Army and is a Vietnam veteran.  He graduated from the Graduate School of Banking at UW-Madison and completed the Wisconsin Bankers Association Lending School course.   WDT

 

1997

07 21          Lebanon State Bank of Lebanon will open a branch office in the former Valley Bank building in Watertown by the end of the year, according to M. A. Siegrist, president and chief executive officer of Lebanon State Bank. Community Investment Bancorporation Inc., holding company for Lebanon State Bank, expects to receive approval from the state of Wisconsin Department of Financial Institutions within the next 60 days.  Siegrist said the holding company will buy the former Valley Bank building at 104 W. Main St. from M&I South Central following approval from the state, and plans to open the local office by Dec. 1.

 

11 05          Lebanon State Bank will close the purchase of the former Valley Bank building in Watertown on Tuesday, according to M. A. Siegrist, president.  That closing will pave the way for the bank to open its Watertown office late this year, or possibly early in 1998.

 

The bank is purchasing the building from M&I Corp.  M&I acquired the bank as part of its purchase of Valley Bancorporation several years ago.  The office was then closed and all M&I operations were consolidated at the 205 S. Second St. location.

 

Cross Reference:

Location of former Wiggenhorn Cigar Manufactory 

 

 

 

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