Badger Bank will be a strong, growing, independent community bank that strives to achieve customer loyalty, employee success and shareholder value.
In July of 1884, a State-chartered bank opened its doors for the first time at 218 South Main Street, Fort Atkinson. Citizens State Bank (now known as Badger Bank) was established by Congressman L. B. Caswell; Roy Chase, the President of Northwestern Manufacturing; and C.A. Caswell, the local City Attorney and son of L.B. Caswell. Dr. H. B. Willard also served as a Director of the new bank that was capitalized with $25, 000.
As the years passed, the bank took great pride in helping area farmers reduce their collective mortgage debt and prosper in the shift to a “dairy driven” economy. By 1937 the bank, still at its original location, was completely remodeled and the capital level was increased from $25, 000 to $50, 000. In 1941 the bank’s business volume exceeded $1, 000, 000 for the first time. Officers in 1941 included T.R. Royce, President: E.R. Klassy, Vice President; Edwin Hedberg, Cashier; Robert Hedberg and Walt Zilisch, Assistant Cashiers.
Ernie Klassy and Ed Hedberg shared the leadership responsibilities for the bank during the 1950s and 1960s, and Robert Hedberg was named Bank President in 1968. In 1970, the bank was moved to larger and more modern quarters at 220 Grant Street, just one block from its original location. In 1978, the drive-up facilities were enhanced. And in 1980, with the addition of trust and investment services, the bank’s name was changed to Citizens State Bank and Trust. The bank doubled in size in 1990 and another addition was completed in 1999.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154