WoodTrust Financial Corporation announces plans to expand its central Wisconsin presence by opening an office in downtown Wausau.

WoodTrust announces the winners of WoodTrust-Bell Foundation and WoodTrust Financial Corporation Associate scholarship awards.

Steve Bell addresses the change in name from Wood County National Bank to WoodTrust Bank

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WoodTrust Bank has once again received a financial safety rating of "A+" or "Excellent" from TheStreet.com Ratings.
 

 
 
WoodTrust Financial Corporation, parent of WoodTrust Bank, has consistently been ranked as one of the top community bank holding companies in the nation. This ranking, as compiled by US Banker magazine, compares community bank holding companies with $150 to $500 million in total assets and ranks them using a variety of criteria ranging from profitability and asset quality to efficiency ratios, capital ratios and customer service satisfaction. WoodTrust Financial Corporation achieved the top spot in this prestigious ranking in 1999. WoodTrust would continue to achieve a high ranking, although the current criteria limit inclusion to publicly traded companies. WoodTrust Financial Corporation is privately held.

In business for over 115 years, WoodTrust Bank is a $260 million commercial bank. It is one of the largest, independently-owned community banks in central and north central Wisconsin with offices in Wisconsin Rapids, Plover, and Wausau. During the last five years the bank has originated more than $130 million in residential financing. WoodTrust Bank has also been a major source of credit to central and northern Wisconsin and has loaned millions of dollars to the cranberry, trucking and local commercial real estate industries. The company has financed a wide variety of small, medium and large sized businesses throughout the state of Wisconsin.

WoodTrust has also been a major source of support to central Wisconsin in the form of charitable donations and volunteer hours contributed by the company’s associates to a variety of local service clubs and charities such as the United Way and the Heart of Wisconsin Business and Economic Alliance. In the early 1990’s, the company and its controlling shareholders formed the WoodTrust - Bell Foundation. The Foundation presently has over $3.0 million in assets and has given in excess of $1.4 million to local non-profit organizations such as the Opportunity Development Center, the South Wood County YMCA, the Boys and Girls Club, the Family Center and the Habitat for Humanity.

WoodTrust Asset Management is a full-service trust and investment management firm. The company presently manages over $850 million in assets, and has over 1,300 customers in 15 states. WoodTrust Asset Management has experienced significant growth over the past few years and is well positioned to offer investment management, estate planning, personal trust, retirement plan services to a wide variety of customers.

Steve Bell, Chairman and CEO of WoodTrust commented: "The No. 1 Community Bank ranking by US Banker magazine was a tremendous credit to our organization and to all of the associates who have worked so hard to make WoodTrust Financial Corporation one of the premier community financial service organizations in the country. We work hard to focus on customer service and realize that, with so many alternatives available to financial service customers, we must continue to grow, and develop a high level of products and services which will cause our existing customers to keep coming back, and new customers to join our family."

WoodTrust Financial Corporation is the parent of WoodTrust Bank and is affiliated with WoodTrust Asset Management.