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Valley Bank

Lebanon State Bank

104 W Main

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

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

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.