About Securant Bank & Trust ®
Your success. Our purpose.®
It’s been over 100 years since a group of merchants, farmers and residents along Milwaukee’s Teutonia Avenue, 12th and Center Streets organized a bank. Their goal: help local businesses grow to help the community prosper.
Today Securant Bank & Trust has branches in Milwaukee and surrounding counties, which offers complete commercial and personal banking. In a century of success, we’ve stayed true to our core:
Our approach. We work hard at being easy to do business with.
Our belief. We build strong, lasting client relationships.
Our focus. We specialize in helping owner-managed businesses and individuals who have an eye on their financial future.
You’ll like the way we roll up our sleeves, understand your goals and deliver quick, creative solutions. And you’ll find that as a locally owned bank, we’re as determined as ever to help you prosper.
Securant Bank & Trust. Everything you need from a true financial partner.
In June of 2008, MWBank's name was changed to Securant Bank & Trust®.
Securant Bank & Trust will continue to grow as a locally held, community bank serving clients on the premise of "Your success. Our purpose."
Please enjoy the following highlights of our rich heritage.
Teutonia Avenue, Milwaukee, est. 1914 no longer in operation
Securant Bank & Trust's founding bank was Teutonia Avenue State Bank. The bank opened its doors in December 1914, funded by $50,000 in capital stock provided by Judge J.C. Eschweiller, Frank B. Schultz, and Charles H. Phillips. The original number of employees totaled four, led by President E.W. Staadt. By 1916, with the suffrage movement underway, the bank's staff grew to seven and included a woman.
est. 1926 no longer in operation
In 1956, a syndicate led by Harold Emch purchased control of Teutonia Bank, and Mr. Emch became chairman of the board. Gregory Schaefer became the president. The bank was headed for many changes, including a new name and a new location.
Milwaukee, est. 1957
The bank’s Trust Department opened December 1, 1963, with Richard Sachs becoming vice president and trust officer in 1964. Mr. Emch retired in 1966 as president and named James Hauer as his replacement. In 1967, Mr. Emch stepped down as chairman of the board, becoming honorary chairman, and Richard Sachs was named both chairman of the board and president of the bank.
Mr. Sachs continued in these roles throughout the 60s, 70s and 80s. During this time, a Florida corporation owned the majority of shares in the bank. In 1980, however, Western Bancshares, a local bank holding company, was formed, purchasing 100% of bank shares and appointing a new board of directors. The bank returned to its heritage of local ownership, under which it operates today.
An addition to the building was completed in 1981, creating a new walk-up and drive-up facility. At the same time, the lobby and other areas of the bank received a major face lift, the first since 1957. Western Bancshares and the bank continued with Mr. Sachs as president and CEO until his retirement in 1994.
Milwaukee, est. 1957
Hartland, est. 1997
Menomonee Falls , est. 2006
The newly promoted executives initiated a private stock offering to the bank’s management and other local investors. The private offering was completed on December 31, 2007, raising capital to add products, services and locations. A new board of directors was appointed in October 2007, Mr. Dirksen retired in December 2007, and four board seats were added in April 2008.
Slinger, est. 2008
Today the bank continues to grow its assets, products, services and locations, building on nearly 100 years of commitment to the community. As it has from the very beginning, the bank understands that its operating principles and beliefs must focus above all on success for its clients.
Securant Bank & Trust. Your success. Our purpose.®