For the City Times
KeySavings Bank had a capital of over $10.9 million on December 31, 2017. The Bank had assets of $76.5 million at year end, Bruce W. Rokke, President and Chief Executive Officer reported to the members Wednesday at the firm’s 98th annual meeting at the bank, 811 East Grand Avenue, Wisconsin Rapids, WI.
“KeySavings Bank closed 169 mortgage and consumer loans in 2017, totaling $11.7 million in loans to people in our local community,” Rokke said. “KeySavings Bank services approximately 1,000 mortgage and consumer loans totaling over $49.0 million,” he added.
He said that KeySavings Bank had approximately 4,400 savings and other deposit accounts totaling $60.0 million at year end, and $295,000 in interest was paid to depositors last year. “Our depositors continue to recognize and appreciate the importance of KeySavings Bank’s strong financial condition and the value of FDIC insured deposits when they make investment decisions,” Rokke said. He added, “KeySavings Bank will continue to be a community bank.”
Directors re-elected by the shareholders were Cynthia Henke, Todd Buntrock, and Bradley Russell. Other board members include Lawrence Schmick, Nelson Dahl, Bruce Rokke, and Dr. Stephen Sternitzky. Earl Staege is a director emeritus.
At the annual organization meeting immediately following the membership meeting, the board of directors elected Dahl as Chairman of the Board; Schmick, Vice Chairman; Rokke, President and Chief Executive Officer; Buntrock, Vice President; Darin Olson, Secretary; Colleen Winegarden, Treasurer; Tamatha Huser, Assistant Secretary; and Tracy Ostrowski, Operations Officer.