Commercial & Vendor
David Braaten, CEO - Partnership Bank with Roxanne Emmerich, Founder - The Institute for Extraordinary Banking at the Banky Awards in Minneapolis.
In 2018, Partnership Bank was named among the top extraordinary banks in the United States by The Institute for Extraordinary Banking™
Partnership Bank was recognized with the Institute’s Banky™ Award for its commitment to strong community banking.
This recognition is given to top community banks across the country to help people find the best banks in their communities.
“Receiving this Banky Award was very special,” said David Braaten, CEO - Partnership Bank, “what’s more special is that everyday our Associates have the privilege of making a difference in the lives of the people living in the communities we serve. This recognition is a true reflection of our passion for excellence in everything we do.”
We are both honored and humbled to be among the top 1% of banks in the nation who, like us, are community banks.
The Extraordinary Banking™ Awards highlight the vital, yet often overlooked, role that local community banks play in our economy. Without a thriving local banking industry, our small businesses and families become nothing more than numbers inside “too big to fail” institutions. The Extraordinary Banking™ Awards recognize the best of what community banks offer to our cities and towns and the whole nation.
Partnership Bank is a community bank with offices in Cedarburg, Mequon, Tomah, and Watertown.
The Extraordinary Among
Partnership Bank Supports
Art Walk Brings Many to Watertown
Wendy Wright Named Millston
Citizen of the Year
Doherty on Hunting Land Loans
A Partnership Bank relationship begins with HI – H for honesty, I for integrity,” said David Braaten, CEO-Partnership Bank at the 2018 Torch Awards luncheon. Partnership Bank, along with six other Wisconsin businesses, received Torch Awards for Ethics from the Wisconsin Better Business Bureau. This statewide Award celebrates trusted businesses who incorporate excellence and ethics into every aspect of their businesses. Since 2005, the Wisconsin BBB has presented Torch Awards to just over 100 businesses. Judged by an independent, voluntary panel of 17 judges, the Award is an external, unbiased validation of a company’s character, culture, and support of community.
“Being recognized by the BBB is a great honor for us,” said Braaten. “I am extremely proud of our team and the work they do to build trusting relationships with clients and the community.” Partnership Bank now joins the elite ranks of a small number of Wisconsin businesses recognized for meeting the highest standards of integrity, ethics, and an unwavering commitment to their clients and the community.
“This public status carries both privilege and responsibility,” Braaten added. A lifetime award, Torch Awards recipients serve as role models and lead their industry by promoting ethical business practices and demonstrating a solid commitment to building marketplace trust. “Especially in the financial services industry, consumer trust has eroded and is reaching all time lows,” continues Braaten. “As a community bank, we’re realistic in knowing our limited influence over giant financial institutions. However, no one can stop us from asking the questions in our community; holding ourselves and others accountable to high standards of honesty, transparency, and integrity; and motivating our clients to ask the right questions before they make financial decisions. Trust is the cornerstone on which every banking relationship is built.”
To be eligible, entrants are first nominated, then asked to complete a questionnaire and provide documentation based on the Six Principles of Trust!
- Transformation from the Top: Leadership’s Commitment to Ethical Practices
- Reinforce and Build: Communication of Ethical Practices
- Unite the Team: Leadership Practices to Unify the Organization
- Steer Performance: Commitment to Performance Management Practices
- Treasure People: Commitment to Ethical Human Resources Practices
- !Enthusiastically Reinvest: Commitment to the Community
Partnership Bank is a $285 million community bank headquartered in Cedarburg. Owned by community shareholders and governed by a community-active board of directors, it has offices in Cedarburg, Mequon, Tomah, and Watertown. By banking with a community bank, your money stays in the community and goes to work in the community to make it a better place for small business owners, families, and consumers to live, work, and play.
Buying a home is fun as well as stressful, especially if it is your first time. One thing all people (not just potential homebuyers) should consider is building their Credit Score. A Credit Score shows potential lenders/creditors your financial situation. Having a good credit score (700-850):
- Makes it easier to obtain a mortgage or other loan.
- Lowers the interest rate (higher the score, lower the rate)
- Is a factor in securing utility services such as cable, water, cell phone, etc.
A Credit Score is built over time. If you don't have a credit history, it may be hard to get a loan or even a credit card. Now is the time to start. A good way to start is to apply for a credit card. Then use it and make timely payments.
Once you've started building your Credit, make sure you form good habits.
- Make 100% of your payments on time (including credit card and utility bills).
- If you carry a balance, make sure it doesn't exceed 30% of your credit limit.
- Avoid opening too many new accounts (a credit card at every store where you shop).
- Keep accounts open for as long as possible.
- Don't "max out" your credit cards. Too much outstanding debt hurts your score.
- Review your Credit Score to make sure it is accurate (at least once a year).
There is no "magic formula" for building a good Credit Score. A slow and steady payment history without too much debt wins every time.
Being "Credit Ready" tells realtors and home sellers that you are able to buy. Credit Ready requires:
- A good Credit Score
- Down Payment - 20% is best to avoid Private Mortgage Insurance (PMI)
- Reliable income to show you can pay back your mortgage loan.
Whether just starting out or ready to shop, we're here to help you get ready for your new home purchase. Turn your dream into reality...start building credit now.