Markesan State Bank

• Private
• US

Dow Jones Description

In the early days of development, a small group of people from Markesan had a vision and recognized a need for a financial institution for their community. On October 7, 1891, Markesan State Bank roots were planted in the parlor of the McCracken Hotel and have grown for over 100 years as a financial cornerstone. Upon pooling their resources the bank has grown from its initial start up capital of $13,350.63 to more than $12 million. With a capital ratio of over 15% it is one of the stronger financial institutions in the state. The Bank's first location was on North Bridge Street. This building was remodeled in 1965, and in 1977 the Bank relocated across the street to its present location. In 1990 an addition was added to accommodate its growth. This Main Office location has five lobby teller windows, two drive-up windows and a walk-up window to accommodate the customers. It also has a night deposit vault located on the south side of the building and safe deposit boxes for safe storage of customer valuables. In 1990, at the request of community businessmen, the Bank opened a branch office in Randolph. Within eight years this office outgrew its facility and an addition was added that doubled its size. The Randolph Office currently has two drive-up windows, four lobby teller windows, safe deposit boxes and a night deposit box. On October 2, 2001, the Margaret Street branch of the Markesan State Bank opened...

President & CEO

Number of Employees 34

Contact Information

Peer Companies

• Citigroup Inc.
• Deutsche Bank AG
• Bank of America Corp.
• HSBC Holdings Plc.
• J.P. Morgan Chase & Co.
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