Monona Bank
Monona Bank is headquartered in Monona and is the 23rd largest bank in the state of Wisconsin. It is also the 851st largest bank in the nation. It was established in 1991 and as of December of 2018, it had grown to 150 employees at 9 locations. Monona Bank has an A+ health rating.
Related Posts
Hiding Loan Payoff Fees?
Stay away. I have had two loans with this company, mainly because they were a referral and I appreciated the service they gave me. They didn't have the best rates, but not terrible either. After paying over $25k in interest over the past 6-7 years, I refinanced with someone else as Monona couldn't offer as good a deal and the service from my new lender seemed much better. Upon refinancing, they charged me a $25 fee. I inquired with them because my loan docs said there was no early payoff fee, but said the fee was for "preparation of my payoff amount," which they view as something different. After the amount I paid them, they apparently wanted more. After emailing the VP, she explained what it was for and I questioned it, she didn't respond. No more business for them and I hope everyone stays away.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33458 |
| Year Established | 1991 |
| Employees | 150 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 8.21% |
| Annual Interest Income | $36.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $914.8MM$899.3MM |
| Loans | Q4 2018vs Q4 2017 | $730.0MM$684.1MM |
| Deposits | Q4 2018vs Q4 2017 | $741.2MM$727.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $101.1MM$96.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $9.1MM$7.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $3.0MM$4.9MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $23.00K$748.00K |
Rates for Monona Bank are currently being reviewed.
| Monona Bank Locations | ||
|---|---|---|
| Cottage Grove Branch | 341 West Cottage Grove Road | Cottage Grove, WI 53527 |
| Monona State Bank | 5515 Monona Drive | Monona, WI 53716 |
| Bridge Road Branch | 6430 Bridge Road | Monona, WI 53716 |
| Atwood Avenue Madison Branch | 1965 Atwood Avenue | Madison, WI 53704 |
| Belleville Branch | 27 W Main St | Belleville, WI 53508 |
| Brooklyn Branch | 229 Douglas Drive | Brooklyn, WI 53521 |
| Cross Plains Wi Branch | 2615 Westview Court | Cross Plains, WI 53528 |
| Middleton Br | 3207 Parmenter Street | Middleton, WI 53562 |
| Sauk City Branch | 603 Phillips Boulevard | Sauk City, WI 53583 |