A Message from the President
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Joe Peikert, President & CEO
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Summer Adventures & Uncertain Economy
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How much rain are we going to get? What are interest rates going to do? These are two questions I’ve heard often at the bank over the summer. It seems weathercasters and economists rival one another with their frequency in being wrong with their predictions. I don’t envy their jobs, though.
By the time you read this, the Federal Reserve will have decided its interest rate move at its end of July meeting. Most economists and others who follow are predicting they will lower interest rates. If that is the case, it will be the first decrease by the Fed in over a decade, after seeing a number of increases in rates over the past several years. If you do anything long enough you see ups and downs as well as extremes. Although we can’t predict interest rates, we can help you evaluate loan and deposit alternatives that may be best for you. In fact rates on mortgage loans have already dropped. It might be a good time to see if re-financing would make sense for you or if a home purchase is now more affordable. Give one of our lenders a call to find out.
I do know it’s been a busy time doing summer things at Wolf River Community Bank. Some of the traditional summer events we’ve been a part of include golf outings, outdoor concerts, events in the parks, fireworks and our very own customer appreciation picnic. I hope many of you were able to join us.
I also hope that all who were impacted by the severe storms in our area the weekend of July 20th are well along on the road to getting things back to normal.
Let us all hope that mother nature allows us some respite from the extremes we’ve had on the wet, very hot, and stormy weather as we finish out the summer and head towards fall.
Until next time,
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Joe Ackerman describes how
"THIS is community banking."
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Senior Commercial Lender, Joe Ackerman, describes the difference and benefits of community banking in our latest video.
Joe was recently recognized with a promotion for his significant contributions to the growth of Wolf River Community Bank's commercial lending portfolio.
"In my two years at Wolf River Bank, I've done an infinite amount of learning and growing in my position and in my love for community banking," says Ackerman. "I'm humbled by the recognition I've received and I look forward to continuing to build lasting relationships in our communities.
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Join us in congratulating Joe Ackerman on his promotion to
Senior Commercial Lender!
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Mortgage Rates:
How Low Will They Go?
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Mortgage refinances are on the rise as rates have dropped to near three-year lows.
If you'd like to lower your payment, shorten your term, or if you're thinking about buying, talk with a lender today to take advantage of the low rate environment!
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Capital One Data Breach: Tips to Combat Identity Theft
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On July 19, 2019, Capital One Financial Corporation announced that there was unauthorized access by an outside individual who obtained personal information of people who had applied for its credit card products and to Capital One credit card customers. The perpetrator has since been arrested, though this event affected an estimated 100 million individuals in the U.S. and approximately 6 million in Canada.
The Capital One data breach affects millions of consumers, and Wolf River Community Bank stands ready to assist our customers. It is the banks in Wisconsin and across the nation that shield their customers from the financial harm caused by data breaches. It is as simple as this: when a breach occurs, banks often bear the brunt of the costs so their customers won’t have to.
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Welcome to Wolf River Community Bank!
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Miranda Schultz
CFO
“I’m excited to bring my
experiences to a strong organization that truly cares about the communities it serves,” says Schultz.
Schultz joins Wolf River Community Bank with 13 years of experience in the financial industry, most recently as the Controller of Choice Bank in Oshkosh. In her new role, Miranda will be responsible for the overall financial functions of Wolf River Community Bank. She holds a BA in Mathematics from Ripon College, a BA in Accounting from Lakeland College and is a Certified Public Accountant (CPA). Schultz enjoys volunteering regularly at the Oshkosh Area Community Pantry.
Outside of the bank, Miranda enjoys reading, exercising, and boating with my husband and friends.
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Jeff Myster
VP - Retail Banking
“I’m thrilled to be part of an organization that truly believes in building relationships with their customers,” says Myster. “It’s our job to provide them with sound advice that will allow them to meet and exceed
their financial goals.”
Myster brings extensive experience to Wolf River Community Bank with 40 years in the financial industry, most recently as Senior Vice President of Retail Banking at Stephenson National Bank & Trust in Marinette. Jeff will be stationed out of Wolf River’s Hortonville location and will oversee branch retail operations where he’ll work to create efficiencies and focus on enhancing the overall customer experience. Myster holds a BS in Business Management with a Minor in Marketing from Southwest University.
Out of the office, Jeff enjoys DIY home improvement projects and repurposing furniture.
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Joe Lautenschlager
Commercial Lender
"WRCB is located in my hometown and I can’t wait to serve the community that helped me develop into the person I am today," said Lautenschlager.
Lautenschlager has extensive knowledge of the commercial banking industry with prior experience as both a credit analyst and financial advisor. Based out of the bank’s Hortonville location, Lautenschlager will be responsible for maintaining a portfolio of Wolf River Bank’s commercial loans and will work to develop new commercial banking relationships. He holds a Bachelor’s in Finance with an emphasis on Financial Planning from UW-Whitewater. Lautenschlager has volunteered with the Greenville Civic Club, served as a coach of Hortonville JV Legion Baseball and is a WIAA official for high school baseball and basketball.
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Wolf River Community Bank Brings Field Goal Contest to Hortonville and New London!
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Wolf River Community Bank is proud to bring an exciting, new Field Goal Contest to Hortonville and New London High School varsity, home football games!
At each varsity home game, a contestant will be drawn randomly from the stands and will have the option to kick a 35-yd. field goal with the chance to win $1,000 ($500 to the contestant, $500 to the school district) or an extra point, with the chance to win $100 ($50 to the contestant, $50 to the school district).
This is a fun way to get the community involved in giving back to our schools and gives a few lucky individuals a chance to win a little something for themselves! We hope to see you at the game!
How to participate
New London:
For a chance to participate, grab a ticket from the Wolf River Community Bank reps just inside the gates at each game. The kick will take place at Half Time.
Hortonville:
For a chance to participate, grab a ticket from the Wolf River Community Bank reps just inside the gates at each game. The kick will take place at the end of the 1st quarter.
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Varsity Home Game Schedule
Hortonville:
- August 30th - vs. Appleton West
- September 6th - vs. Marshfield
- September 27th - vs. Oshkosh West
- October 11th - vs. Neenah
New London:
- August 23rd - vs. Lux-Casco
- September 6th - vs. Waupaca
- September 13th - vs. Shawano
- October 4th - vs. Xavier
- October 18th - vs. Seymour
We hope to see you at a game!
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Use Your Debit Card
for a chance to WIN an Adventure Gift Card!
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Have a chance at winning an "Adventure Gift Card" from $50-$500 just by using your debit card until September 30th!
Each time you use your debit card to make a purchase, you are automatically entered to win!
Don't have a debit card? Give us a call!
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All Wolf River Community Bank offices will be closed on Monday, September 2nd in observance of Labor Day.
Enjoy time with family and friends & have a safe holiday! Access accounts anytime with online or mobile banking.
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(920) 779-7000 | wolfriverbank.com
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