In the communities we serve, there is a “hometown” feeling where everyone knows each other. It’s this friendly atmosphere that makes living in this area a pleasant experience.
We are a locally owned and operated community
bank. The bank, with the main office in Bruce, Wisconsin was chartered in 1902. The bank serves its customers in
five other locations including Exeland, Sheldon, Gilman, Holcombe, and Stanley.
Dairyland State Bank would like to be your bank. We respond to the needs of our customers and continue to provide the most up to date banking services such as ATM, online banking, bill pay and the like. We also offer a full line of deposit and loan products.
Our well trained staff has many years of experience and is ready to professionally serve you with all your banking needs. We feel strongly about supporting local projects, organizations and schools in our communities with donations of time and resources. Our staff and board members serve as youth coaches, church volunteers, scout leaders and participate in a number of community organizations.
We are committed to serving our local area. We want to respond quickly to your banking needs and make you feel comfortable as a customer of our bank. Thank you for visiting our website. If you have any questions, please feel free to contact any of our branch locations.
The Dairyland State Bank, “Where Banking Is Still A People Business”.
R. W. Hegeholz
The central purpose and role of Dairyland State Bank is to provide a full range of banking services on a professional, timely and personal basis for rural and small town residents in North Central Wisconsin while operating in a safe and sound manner and providing a reasonable profit to its owners.
Rusk County’s oldest bank was chartered on June
20, 1902 and was
known as Lumberman’s State
Bank. Officers were D.J. Arpin, President;
Arpin, Vice President; A.P. Arpin, Cashier.
In 1918 Dr. H.C. Johnson of Glen Flora was named
bank’s name was then changed to the State Bank of Bruce,
as farming was
overshadowing the lumbering business in the
President Johnson was also the
President of the State Bank of Glen
In 1935 the State Bank of Bruce merged with
Farmer’s State Bank of
Sheldon and the State
Bank of Exeland. The name was changed to the
Dairyland State Bank on July 15, 1935
W.F. Dietlein was the President in March 1936
and served with Directors
C.M. Sanford, H.B.
Cox, L.W. Ham, O.J. Falge, Robert Schultz and
Dairyland State Bank was sold to K.A. Garnatz in
1948 and to Otto
Olson in 1952. Olson was made
President, succeeding R.W. Schultz
The Bank was sold in 1953 to
Lindberg and Willard Mertz.
Mertz resigned due to misappropriation of funds.
The F.D.I.C. declared the Bank to be sound and
the bank stock was
sold to a large group of
local investors. The new Directors elected R.W.
Schultz as President. Directors included O.J.
Falge, Ralph Jenkins,
Harold Sanford and Ben Scheifelbein. Melvin W. Swanson was named
Cashier in 1960. In 1971 the Directors elected Al Capp as President.
C.D.Hegeholz, President of the Chippewa Valley
Bank in Winter and the
State Bank of Park Falls,
purchased the bank in 1973. The total bank
deposits at the time of purchase were $7
million. The Board of Directors consisted of
President C.D. Hegeholz, Myron Hawley, Franz
William G Leuell, Harold Sanford, Mel Swanson and Ed Walters with Bert
Beilfus serving as
In 1985 the bank was sold by C.D. Hegeholz to
Arnold Stueber, Sr.
of Park Falls. Mr. Stueber
was also the owner of Stueber Beverages,
distributing Pepsi products in Northern
Wisconsin. R.W. Hegeholz was
Local ownership was once again attained when the current owners of the Dairyland State Bank purchased the Bank from Arnold Stueber, Sr. in September 1993. On April 14, 2008 the State Bank of Gilman was merged into the Dairyland State Bank. The total assets of the combined institution are 92 million. The bank now has locations in
6 communities including Bruce, Exeland, Sheldon, Gilman, Holcombe, and Stanley.
The Board of Directors currently consists of President R.W. Hegeholz, C.D. Hegeholz, Kempton
Spooner, Norman Spooner, David J. Dewey, Lorna J. Meyer, Matthew Sieg, Randi Osberg, David
Brost, and Cheryl Rosemeyer. R.W. Hegeholz continues to lead the Dairyland State Bank as
President and Chief Executive Officer.