Chippewa Valley Bank, Financial Information

AboutChippewa Valley Bank

 Address:
15755 W County Road B
Hayward,WI
Sawyer County,Wisconsin
 Established:
Jan 1917
 Number of domestic offices:
16
Total assets$589M
Net income$7M
Net income,quarterly$2M
Total deposits$469M
Domestic deposits$469M
Equity capital$46M
ROA1.28%
ROAQ,quarterly1.3%
ROA,pretax1.3%
ROAQ,quarterly,pretax1.43%
ROE16.25%
ROEQ,quarterly17.08%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Chippewa Valley Bank's roots go back to 1917, when it was first chartered by the State of Wisconsin in the small pioneer community of Winter. There was not much growth in the bank for many of the early years, with only basic banking products and services being offered. However, the bank was a pillar of strength for the small village and contributed to the development of the area. The bank survived the Great Depression and actually came out of that era strong enough to buy out the assets of the failed Radisson Bank in 1936.

Radisson became Chippewa Valley Bank's first additional office expansion. Growth was limited at the bank for the next 42 years until the present stockholders took control of the bank in 1978. Since that time, the bank has grown significantly from assets of five million dollars to assets of nearly $300 million. In 1990, an office was opened in Bruce. Additional offices were opened in 1994 and 1999 in Hayward and Weyerhaeuser, respectively. In 2003, Chippewa Valley Bank expanded northward to Lake Nebagamon, and in 2004, the bank expanded eastward to Lac du Flambeau.

Three new offices were added in the northern Wisconsin communities of Bayfield and Iron River in 2007 and in Washburn in 2010. The bank continues to grow, and in 2012, two additional offices were opened in Ashland and Superior. In keeping with the bank's tradition, the entire directorate, management and staff of Chippewa Valley Bank are committed to continuing as active and integral parts of all the communities the bank serves.

Ashland Office
1508 Lake Shore Drive W.
PO Box 637
Ashland, WI 54806
715-682-1051
715-682-1056 Fax

Bayfield Office
117 S. Broad Street
PO Box 460
Bayfield, WI 54814

Bruce Office
607 Main Street
PO Box 37
Bruce, WI 54819
715-868-3502
715-868-3504 Fax

Hayward Office
15755 County Hwy B
PO Box 13098
Hayward, WI 54843
715-634-5400
715-634-5768 Fax

Iron River Office
68240 S. Main Street
PO Box 757
Iron River, WI 54847
715-372-8801
715-372-8868 Fax

Lake Nebagamon Office
6882 S Lake Avenue
PO Box 130
Lake Nebagamon, WI 54849
715-374-2005
715-374-2013 Fax

Radisson Office
10609 W. Omaha Street
PO Box 92
Radisson, WI 54867
715-945-2251
715-945-2305 Fax

Superior Office
2820 E. 2nd Street
Superior, WI 54880
715-398-3551
715-398-6681 Fax

Washburn Office
104 S. Washington Avenue
PO Box 905
Washburn, WI 54891
715-373-1012
715-373-1016 Fax

Weyerhaeuser Office
W14334 Hwy 8
PO Box 256
Weyerhaeuser, WI 54895
715-353-2698
715-353-4628 Fax

Winter Office
5150N Main Street
PO Box 5
Winter, WI 54896
715-266-3501
866-282-3501 Toll Free
715-266-3009 Fax