To combine new advancements in banking
with the old-fashioned handshake. To be a responsible
employer and a good community citizen. To master the
art of banking and service.
UB&T is a great place to do your
banking and meet all your financial goals. Here are
some reasons that make us unique and why you bank
Your financial success is important
You will benefit from a locally owned
and managed community bank with the ability to quickly
respond to your financial needs. We understand the
local economy and the needs of our businesses and
We are small enough to get to know
you, yet large enough to provide you with the products
and services that best meet your financial needs.
Quality of life is important to you.
Our bank and our people improve life in our communities
by providing personal volunteer hours and financial
support to civic groups, schools, economic improvements
and local charities. Over 77% of our staff volunteers
in the communities we serve.
You will work with professional and
knowledgeable people as 42% of our staff has more
than 10 years of banking service and 35% has more
than 10 years of service with UB&T.
You will find professionals at UB&T
with answers to the questions you don't even know
you have. Look to us as your financial resource.
2012 Annual Report
to Purchase Two Bank Offices
UB&T President Chris Eager comments that, "UB&T
is a strong community bank, which is why we are able
to make this acquisition in the current economy.
We are very happy to welcome our new customers in
the New Glarus and Belleville areas. We feel
the addition of UB&T-New Glarus to our family
of banks is a good one. We are also thrilled
to be retaining the Amcore New Glarus staff."
Preparations are being made by both
banks in a coordinated effort to provide a smooth
transition. Customers affected by the purchase
can expect to receive correspondence from Amcore and
UB&T in the weeks before the conversion.
Customers do not have to take any action, their accounts
will automatically transfer when the sale is finalized.
The goal of both banks is to make this change as seamless
The UB&T-New Glarus office will
retain the same familiar staff and hours of operation.
Plans are to close the Amcore-Belleville office as
of Nov. 20th and those customers will be welcomed
at UB&T's Bank of Belleville at 110 Greenway
Cross on Belleville's north side. Customers
can bank at any of the 5 UB&T locations: UB&T
- Evansville, The Bank of Brooklyn, The Bank of Belleville,
The Bank of Oregon, and as of Nov. 20th at UB&T-New
interview with Chris Eager
Banks That Don't Need a Bailout
ABC National News:
WKOW Channel 27 interview with
CBW FEATURED on WisconsinEye On March 31, Milwaukee
Journal Sentinel's Madison Bureau Chief, Steve Walters,
hosted a roundtable discussion focusing on Wisconsin
community banks. CBW had coordinated the interview with
WisconsinEye to explain why Main Street community banks
are different than Wall Street banks. Specific issues
discussed included how Wisconsin community banks are
doing during the current economic downturn, media attention
on the TARP program and too-big-to-fail as well as the
future of the Wisconsin community banking industry.
CBW Board members participating in the roundtable
discussion were Steve Eager, Union Bank & Trust
Company, Evansville; Paul Hoffman, Monona State
Bank; Steve Swanson, McFarland State Bank and Daryll
WisconsinEye provides programming access to public
policy debate and a full range of forums in Wisconsin
through fully digital broadcast technology via television
and the Internet. WisconsinEye is covered on Charter
995 and Time Warner 163. To view the CBW roundtable
discussion visit: www.wiseye.org
||President & CEO
||Senior Vice President
|Alan S. Eager
|Leonard P. Eager,
| Julie Redfern
||Executive Vice President & CFO & Cashier
|Kevin L Klahn
| Bruce Kiesling – Belleville
||Owner/Manager, Kelsch Machine Corp.
|Mark Genin– Oregon
||Owner, Genin's Inc
|Lori Allen –
||Owner, Allen Realty,
|Dan Clark - New Glarus
||Owner, Clark Electric
Union Bank & Trust Company has a long and proud history. Established originally in 1897, the Grange Bank was purchased by Gertrude Eager in 1916, and Leonard P. Eager began his banking career. There were two other banks in Evansville at that time, the Bank of Evansville and the Farmers and Merchants State Bank. The Grange Bank was the smallest, having total deposits of $155,000.
In 1925, the Bank of Evansville closed. The Grange Bank increased its capital stock from $15,000 to $50,000, and purchased the building formerly occupied by the Bank of Evansville, located at the present site of Union Bank & Trust Company. The name of the bank was changed from the Grange Bank to the State Bank of Evansville.
In 1932, the State Bank of Evansville and the Farmers and Merchants State Bank merged, and the name of the bank became Farmer's & State Bank. Then in 1940, the bank began to offer trust services and the name was changed to Union Bank & Trust Company, which it has remained.
In 1952 it was again time to grow. The bank's deposits now exceeded $3,000,000. Some remodeling was done and a new two-story granite and glass brick structure was erected.
The bank continued to grow and prosper, and by 1968, the facilities were again deemed too small. It was again time to expand. There were 15 employees, and the bank's deposits were $7,000,000.
The switch to computerized bookkeeping began in 1969 with demand deposit accounts, and all other departments of the bank followed in the next few years.
In 1979, the motor bank was built. The increased use of the facility through the years has proven that this, too, has helped meet the changing needs of the community.
In January 1989, the bank purchased an in-house computer so that we could do our own processing. The system has resulted in more efficient record keeping and better management tools, and the flexibility to meet the ever-changing needs.
The bank installed its first cash dispenser Tyme machine at the Evansville Gas n Go in 1992. This allowed our customers and non-customer the opportunity to obtain cash after banking hours. Since that time, we have installed three additional machines within our market area.
In 1996, after 99 years of offering banking services in one community, an opportunity presented itself to open a branch in Brooklyn. In May of that year, the Brooklyn facility along with most of its deposits and loans were purchased from M & I. With that acquisition, the bank's asset size grew from $43,000,000 to $58,000,000 and the number of employees grew from eighteen to twenty-four.
In March of 1997, bank management decided to open a new branch in the Village of Belleville. We opened for business that month in a mobile home bank. It wasn't fancy, but the bank grew rapidly and so management decided to begin making plans for a new building.
In June of 1997, the Union Bank & Trust Company celebrated its Centennial. It was a big event that was celebrated at all of the branches. Governor Tommy Thompson came to Evansville to commemorate the event along with a brass band.
In early 1998, bank management decided to build a new facility in Belleville to emphasize our commitment to that community and to accommodate the anticipated growth there. The facility was completed in June of 1998. By that time, the bank's assets were $70,000.000 and the number of employees were twenty-eight.
In 1999, it was decided to address the increased flow at the motor bank in Evansville. It was decided to expand the motor bank from 2 to 4 lanes. The project was completed in the fall of 1999.
Internet banking became available by the end of 1999, which completed a very active year for us, just in time to welcome the new millennium.
In 2002, the bank hired a mortgage lender to service our trade area from his car. As bank management began to see that he was becoming effective, particularly in the Oregon market, the bank's interest in the Oregon area increased.
In April 2003, the bank chose to lease an office on Janesville Street, in Oregon, in which to market our mortgage and commercial loans out of. Due to the success we experienced we expanded to a full service office in May 2003.
Also in 2003, construction began on 6 E Main Street in Evansville. 6 E Main Street doubled the present size of Union Bank & Trust Company from 8,000 square feet to 16,000 square feet! UB&T is restored 6 E Main in a manner to preserve its historical value. The new addition houses UB&T management and human resources on the first floor as well as an expanded loan processing department on the second.
In November 2005 we broke ground for our new office in Oregon. This office will break completely with traditional Bank designs. There will be no Teller Line. The Drive Up will be serviced by Remote Teller Systems utilizing video/audio technology.
In 2006, our new Oregon office opened in July. The Bank purchased a passenger van in Evansville to transport Evansville's Senior Citizens. Our deposits grew about $15,000,000.
In 2007, our staff went through a number of changes this year. We were able to create greater efficiencies because of this. We remodeled our Lobby in Evansville. We implemented the theme used in our Oregon office, removed the teller line and installed two personal Banker stations. This allowed for a more private environment for consultative meetings with our clients. Pneumatic tubes were installed to connect the Main Bank with the Motor Bank.
In 2008, the nation's economy took a downward spiral, as did the Housing Market and more. Our Web site was completely changed; it was a great improvement.
2009 was a very exciting yet challenging year. The nations economy experienced the worst recession since the Great Depression. But with challenges comes opportunity. We were able to purchase two Offices from Amcore Bank. Belleville Amcore was folded into our existing office. This solidified our presence in the Belleville market. We also entered a new market, New Glarus. The entire staff came with the acquisition and they have blended well into our team. We also were covered on ABC World news with Charles Gibson. This was very exciting!
2010 - We added Steve Larson IT specialist to our staff, along with a very experienced Ag lender Rene Johnson. We also changed the names of our offices to incorporate our name Union Bank & Trust Company or UB&T into the office names. We updated our 3 year Strategic plan for 2011 - 2013. High grain prices coupled with solid years made 2010 a very profitable year for our farm clients. We continued to grow this niche of our business.
2011 -The economy continued to struggle. Home foreclosures remained at an all time high. Many of our clients continued to struggle and we experienced significant loan losses. However, we did remain profitable. We feel we have put most of our problem loans behind us and are poised for a very positive future. We continued to expand our Ag team with the addition of Jessica Sarbacker, our Crop Insurance Specialist. The Ag economy continued to be a bright spot, as yields and prices remained high.
To be continued ...