90 years of you.
North Shore Bank marks 90 years in 2013 It’s been 90 years since North Shore Building & Loan Association of Shorewood was chartered with assets of $22,000, one location and 10 employees on the payroll. Services at that time encompassed home loans, home-improvement loans and passbook savings.
North Shore has evolved to become a full-service bank, with assets of $1.7 billion-plus, 47 locations that span eastern Wisconsin to northern Illinois, and a staff of over 500 people.
From humble beginnings at the rear of Perkins hardware store in Shorewood, Wisconsin, we now occupy modern corporate headquarters and a network of community offces equipped with state-of-the-art technology.
We salute employees, past and present, who have helped make North Shore Bank what it is today. With prudent but dynamic leadership and the commitment and dedication of employees throughout our system, North Shore will continue to provide the personalized service and community involvement that has been its heritage. Burlington Groundbreaking 1983
Oakland Avenue Branch 1940’s Assets1969 reach $44.4 million with reserves of $4.5 million. North Shore Savings & Loan constructs a new $470,000 offce building at 4414 N. Oakland Ave., Shorewood (corner of E. Lake Bluff Blvd. and Oakland Ave.). A news article reports that all 12,000 square feet of the two-story structure 1923North Shore Building & Loan Association North1941 Shore occupies a portion of a one-story building will be “totally heated and air conditioned by electricity.” founded with $22,000 in assets, occupying it has constructed at the corner of E. Lake Bluff Rd. The new facility also begins the use of drive-up lanes for the back room of Perkins hardware store at North1927 Shore moves to Shorewood theater building kitty and Oakland Ave. in Shorewood. Today the bank’s customer convenience. The existing one-story building that 463 Atwater Rd. (became Capitol Dr.) and corner from the Oakland Ave./Lake Bluff Rd. location. Shorewood branch is still located at this intersection. North Shore occupied on the site will be demolished to make
North Shore later was housed in the back of Through the 1950s, North Shore expands and way for a parking lot that will accommodate 42 cars. North Shore Cleaners, 2213 E. Capitol Dr. remodels until it occupies the entire building. The1933 FDIC was created in response to the North1959 Shore assets grow to $17 million. James1975 McKenna voted by North Shore| thousands of bank failures that occurred Savings & Loan board of directors to serve as North1925 Shore assets rise to $200,512. in the 1920s and early 1930s. In January 1952North Shore & expands 1958 and remodels the president, the youngest individual in the state of 1934, the FDIC began insuring deposits E. Lake Bluff Rd. / Oakland Ave. location, to hold such a position. up to $2,500. In 2013 the current standard occupying the entire building by 1958. deposit insurance amount is $250,000 per
depositor, per insured bank, for each > account ownership category.
Photo Courtesy of Milwaukee County Historical Society
Former North Shore Bank president Walter Ackeret congratulates new president Jim McKenna Sunrise1988 Savings & Loan merges with Checking1981 accounts (or NOW accounts North Shore and brings with it two as they were previously called) Southeastern1983 Savings & Loan merges Sturgeon Bay locations, Pulaski, Sister are offered to customers with with North Shore, bringing fve Racine Bay, Allouez, Ashwaubenon, and Green North1979 Shore became the frst thrift in deregulation of the banking industry. offces and an offce in Burlington. Bay West offces. Assets reach more Green1989 Bay West moves to
the United States to offer MasterCard With the merger, assets grow to over than $767 million. Cub Foods supermarket credit cards. $508 million 1984. and becomes Cub West.
1979 | 1989 The bank began offering 457(b) 1989 North Shore is the frst to Deferred Compensation Plans to 1986Information Systems (IS) area was establish an in-store branch North1982 Shore moves from Shorewood 1977North Shore is the frst thrift public employers at the end of 1979. created. At the time, there was only one North Shore at a grocery store in northeast to its current corporate headquarters to open a full-service offce network that consisted of three PCs in Wisconsin. The bank continues at the corner of Bluemound and Savings becomes inside a drug store at Stein the Word Processing Department and the to offer 7-day banking inside El Moorland Roads in Brookfeld. Drug Store in Waukesha. department’s primary function was to North Shore Bank. Rey, Festival Foods, Copps, and handle the bank’s ISC teller equipment Piggly Wiggly stores today. and software, and work with Fiserv.
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Kerri Collins cuts ribbon at Cub Foods Opening North2000 Shore Bank purchased Milwaukee-based “Assets grew to Marquette Savings Bank. It was a pioneering move Badger1995 Bank merges with North over $1.6 billion” for the banking industry because it marked the frst time a mutually owned thrift bought a mutual Shore, adding $275 million in assets Three1999 TCF branches in the holding company. It was a win-win for customers, and six offces: East (former Badger Fox Valley were acquired shareholders, employees, and meant growth for headquarters at Oakland and Capitol), The1998 bank launches its website, online and became North Shore A2000 leader in Y2K preparedness for fnancial institutions, North North Shore as it added four branches. Assets grew Milwaukee Capitol, Pewaukee, New banking, and telephone banking Bank offces. Shore Bank has announced that all of its branches – including to over $1.6 billion. Berlin, Jackson Park and Forest Home. service; providing customers with even the new Kenosha location – will be open on New Year’s Day more convenient options. 2000 to prove that business would continue without a glitch.
Bank1999 opens its frst branch in Kenosha.
The1996 newly constructed Martin Luther King For2000 the frst time in Wisconsin, North Shore sold Drive offce opens in Milwaukee, taking a bank offce and its deposits to a credit union. the number of bank location to 33. The bank employees 400-plus people and Alternative investment services such as mutual funds and annuities are added to the bank’s has $1.2 billion in assets. Dye pack security portfolio of services. introduced to help deter bank robberies and recover stolen funds. Y2K! The2010 bank acquires Maritime Savings Bank through an North2005 Shore Bank expands its reach agreement with the FDIC, adding North2013 Shore Bank acquires selected across state lines with the purchase The2008 bank enters the social media offces that serve customers in assets and the deposits of Bank of Illinois State Bank with two communities of Twitter, Facebook, Brookfeld, Cudahy, Muskego, of Kenosha (Banks of Wisconsin) offces serving clients in McHenry and LinkedIn. Subsequently, it joins New Berlin, Oak Creek, through an agreement with the FDIC, County. Foursquare in 2010 and Pinterest and West Allis. adding two more offces to serve the and Google+ in 2012. Kenosha community.
In2004 the spring the bank opened a full-service branch With2009 the opening of offces in Grafton 2013North Shore Bank celebrates its inside El Rey Market Mexican Grocery Store. The and Mequon, the bank expands its 90th anniversary with over $1.7 Remote2007 Deposit Capture (RDC) offers 2013Mobile Deposit Capture branch inside the south-side Milwaukee store is the reach into Ozaukee County. billion in assets, 47 locations and business clients a quick and easy way begins allowing customers to frst bank branch to be located in a metro Milwaukee over 500 employees. ethnic supermarket and is part of North Shore to deposit checks electronically at their photograph their deposit and Bank’s ongoing effort to improve access to banking business locations. make a deposit in to their opportunities and provide bilingual assistance, and accounts using their smart new services for the area’s Latino residents. phone.
With an eye toward the future, North Shore Bank continues to provide traditional fnancial services while constantly scanning the horizon for new ways to provide the latest in convenience and technology to customers.