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 son 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 only $155,000.
In 1925, the Bank of Evansville closed. The Grange Bank purchased its building, located at the present site of UB&T. The name of the bank was changed from the Grange Bank to the State Bank of Evansville.
Just seven years later, 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 one last time, to Union Bank & Trust Company.
In the decades since, UB&T has expanded both its space and its menu of product and service offerings. But beginning in 1996, UB&T expanded our geographic footprint to new communities for the first time – starting in neighboring Brooklyn, then Belleville, Oregon and New Glarus. UB&T’s newest office, the UB&T Janesville Loan Center, opened in the summer of 2015.
In 2013, Steve Eager became the Bank’s President, representing the fourth generation of Eagers to lead UB&T.
This year, UB&T celebrates two important milestones. 2016 is both the 150th anniversary of the city of Evansville, and the 100th anniversary of Eager family community banking in south-central Wisconsin.
UB&T invites you to view a short video that chronicles our rich history and our ongoing commitment to the families, business and agricultural producers who are our friends and neighbors.
You and UB&T…Still Growing Together!