Spring Bank is moving into a larger location to 16620 W. Bluemound to meet increased business it has received over the last four years.
The bank will increase its space from 4,500 to 7,500 square-feet and be on the city's busiest roadway, according to a press release. The move will be complete by the end of March.
“Since we opened in 2008, Spring Bank has continued to grow faster than anticipated. Our success is, and always will be, tied to the success of our clients and our community,” said David Schuelke, bank president and CEO.
“Our move to larger, more conveniently located space and our successful 2012 capital campaign that increased our capital by nearly 30 percent solidly positions us to meet the business and personal banking needs of our current and future customers,” he added.
Spring Bank has issued nearly $250 million loan commitments to fund lines of credit, equipment purchases, commercial real estate and real estate development, the statement said. Loan balances increased 28 percent in 2012, the bank said.
The new office space is a Cornicione Development, LLC. property.