As a community institution, we always try to have our finger on the pulse of the markets we serve and their surrounding areas. We love being actively involved in what’s happening where we live, and here, we’re pleased to share some of goings-on in the places we call home. Get out in your community, get involved, and get active – we hope to see you out there soon!
Lake Ridge Bank is updating its policy to enhance protection against check fraud by ensuring funds from check deposits will be available the next business day instead of immediately. This change, effective January 7th, allows clients time to review deposits and take action if a check is fraudulent, while funds from direct deposits, wire transfers, ACH transactions, and cash deposits will remain immediately available.
For the first time in more than four years, the Federal Reserve cut a key interest rate by 50 basis points – also referred to as half of a percentage point – on September 18, 2024.
The Lake Ridge Bank mobile deposit tool lets you deposit checks using your smartphone or tablet. Mobile deposit is fast, secure, and free for all Lake Ridge Bank customers.
With the news of some recent bank failures, we want to assure our clients and communities that Lake Ridge Bank remains well-capitalized and well positioned to continue to serve your financial needs.
We knew right from the start that one of the most important decisions we would need to make was what to name our new bank.
S.B.C.P. Bancorp, Inc., the holding company for State Bank of Cross Plains (“SBCP”), and Monona Bankshares, Inc., the holding company of Monona Bank, jointly announced today they will combine in a merger of equals to create the largest bank headquartered in Dane County, Wisconsin and the sixth largest bank headquartered in the State of Wisconsin, with almost $3 billion in combined assets.
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