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Home > BizTimes Daily > Archives > November 4, 2004
Ozaukee Bank tops home equity loan list
Published November 4, 2004 - BizTimes Daily
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Ozaukee Bank recently topped a group of seven Wisconsin banks in the American Banker Online national ranking of Community Banks with Largest Portfolios of Home Equity Loans. The rankings, which are based on data collected as of June 30, list Ozaukee Bank as sixth in the nation among community banks, with a portfolio of $71.1 million in home equity loans. The other Wisconsin banks on the list are: Waukesha State Bank, 83rd with $36.0 million; First Banking Center of Burlington, 115th with $30.9 million; Bank of Elmwood of Racine, 119th with $30.4 million; Park Bank of Madison, 133rd with $29.1 million; Park Bank of Milwaukee, 138th with $28.7 million; and Maritime Savings Bank of West Allis, $28.7 million. "We've been a leader in home equity lending since the 1980s," stated Dean Fitting, president of Cedarburg-based Ozaukee Bank. "But it certainly was a pleasant surprise to find out that we rank sixth in the nation." Community banks are defined as independent banks with less that $1 billion of assets or whose holding companies have less than $1 billion of assets. Excluded from the list are banks at which loans constituted less than half of their assets and whose credit card loans exceeded 25 percent of gross loans.
