August 6, 2022 – West Bend, Wisconsin – WashingtonCountyInsider.com first broke news that a second location was under construction at Newburgh State Bank in Washington County, Wisconsin on July 29, 2022 it was day
The State Bank of Newburg has been in business for over 110 years. Founded on December 12, 1911, the bank originally had two employees and $12,000 in capital, according to its website.
First President: John J. Reichle. Mr. Reichel served as president for 51 years from his 1911 to his 1962. He never worked in a bank. He was the owner of the Rye Hills General Store in Newburgh.
The bank was originally located at 614 Main Street (now Newburgh Village Hall).
The bank then moved to the corner of Congress Drive and Highway 33 in 2000. In 2013, “five new offices, plus he added two bathrooms, a larger break room, and more storage.”
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In 2021, Newburgh State Bank reported total assets of $231,033,000.
A second location is planned on Main Street in the Burton area. Although it is unconfirmed, there is a vacant lot at the intersection of Route 144 and Odori. Hilltop service ends 50 years in business. The auction will be held on August 31, 2022 and all items must be removed by September 2, 2022. Click here for more information.
The bank’s new location is reportedly to accommodate customers traveling from the northwestern part of the county and further north.
This is a work in progress story and more information will be posted as details become available.
