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Denmark Bancshares was a U.S. regional bank holding company based in Denmark, Wisconsin. It was the parent company of Denmark State Bank and existed for 115 years. As of December 31, 2021, Denmark Bancshares had $70,249,000 in assets. In the same period, Denmark State Bank reported assets totaling $685,749,000 and $621,153,000 in liabilities.
The merger between Bank First and Denmark State Bank took effect Aug. 12. The Manitowoc-based bank also plans to acquire another bank this year.
In 1915, the Kriwanek Brothers established a Ford dealership in the village, which was second oldest Ford dealership in the state of Wisconsin. [12] On March 3, 1949, Denmark State Bank was robbed of $38,000 at gunpoint. [13] This was the first bank robbery in Brown County, Wisconsin. [13]
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
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In 1852 Wisconsin passed a referendum in favor of establishing commercial banks under state charter. With that, the Banking Act of 1852 was enacted. With that, the Banking Act of 1852 was enacted. In 1853 Eliphalet Cramer founded the State Bank of Wisconsin under the Act, and in 1855 Charles D. Nash founded the Bank of Milwaukee.
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