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Livingston State Bank

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Livingston State Bank

Mission statement:

Livingston State Bank is not the biggest, but one of the best and our top priority remains the same—to serve our customers and meet all of their financial needs.

History:

Livingston State Bank began operations as a state chartered bank in August of 1903 in Livingston, Wisconsin. The bank was founded by local farmers and merchants. The goal of these founders was to provide a bank that would meet the needs of the area and serve its' customers well.

In 1919 the original bank building was sold to Martin Allen, who was one of the directors of the bank. Mr. Allen gave the building to the Village of Livingston and the building was used as the village hall and library. A new bank building was constructed on the original corner lot in 1919 and remains in the same location today, with several additions and remodeling projects taking place.

On August 19, 1979, a house located next to the bank was purchased, sold and moved. Because we were running out of space, we used this lot to construct an addition to the original bank building in 1982, which more than doubled the size of the bank. We also used this land for a new drive-up banking facility, night depository, new vault door, an additional record vault and parking lot. This was a major project as it offered our customers a more modern way of doing business.

In 1986 we purchased our first in-house computer system modernizing our bookkeeping system due to more growth and expansion of our market area.

In 1991 the Joe F. Allen general store was purchased to provide for a bank customer parking lot and a new time and temperature sign.

Due to phenomenal growth in our customer base, we purchased the Martin Allen Library property from the Village of Livingston in 1999. That same year we again added onto our present bank building creating new office space, a conference room, loan file room, and full basement storage area. A convenient 24-hour telephone banking system was added in November of 1999.

In August 2003 we celebrated the bank's 100th anniversary. We issued a general invitation and served lunch to more than 1,100 customers and friends over a two-day period. Check imaging was installed in August of 2003, which modernized our check processing system greatly.

In July 2004 we added online banking, which allows 24-hour, seven days a week internet access from anywhere in the world. Livingston State Bank customers can view their account and transfer funds from account to account conveniently from home or office.

On October 7, 2004 Rural Bancshares of Wisconsin was formed. The purpose of this transaction was to allow James and Joyce Neuendorf to retire after 43 and 30 years of faithful service to Livingston State Bank. Rural Bancshares of Wisconsin is made up of Jeffrey D. Ketterer, Daniel M. Engelke, Sheila M. Ruchti, Tom Kenney, and Douglas Martin. This transition allows Livingston State Bank to remain an independently owned and operated bank.

Livingston State Bank has three convenient locations in which to serve our customers. Our Livingston office is located at 125 Center Street in Livingston, and our two Platteville branches are located at 170 West Main Street and inside the Wal-Mart Supercenter at 1800 Progressive Parkway.

Livingston State Bank has done well in growing from nothing in 1903 to over 150 million in assets at the present time.

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