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As you may have already read, Bank Five Nine opened in 1859. During this same year, Oregon was admitted as the 33rd state, ground was broken for the Suez Canal, the elevator was patented, Charles Darwin published “On the Origin of Species”, and Abraham Lincoln still hadn’t been elected President yet!
Today’s Bank Five Nine started as Summit Bank in 1859 with $25,000 in capital. Summit Bank was the community’s first bank, 15 years before Oconomowoc became a city. From 1859 to 1870, the bank was located at the site of the old Oconomowoc Library on North Lake Rd. in Oconomowoc.
After surviving an unsuccessful burglary in 1868, Summit Bank moved to our former location at the corner of South Main St. and East Wisconsin Ave.
A new name, Bank of Oconomowoc, was taken on in September of 1889 and incorporated in November of that same year. During this time, The Bank of Oconomowoc had $50,000 in capital.
In 1963, the Bank of Oconomowoc leased the Rand building on South Main St. and remodeled it into a TV drive-in auto bank. This was the first installation of a Diebold TV drive-in unit in the state of Wisconsin.
On August 30, 1982, the Bank of Oconomowoc opened their new auto bank at its present location, 155 W. Wisconsin Ave, Oconomowoc.
In 1984, the Bank of Oconomowoc changed its name to First Bank of Oconomowoc. This was an appropriate name change since the bank was, and remains, the oldest bank in Oconomowoc.
In October 1985, First Bank of Oconomowoc moved from its corner location to the current location at 155 W. Wisconsin Ave.
The bank’s second Oconomowoc location opened in October of 1994 on Brown St. In December of 1996, their third branch opened in Hartland. The Fourth branch at Shorehaven Tower Retirement Homes in Oconomowoc opened in June of 1996, and the fifth in Hartford on Summer St. in September of 1997.
In September of 1998, the bank changed its name again to First Bank Financial Centre, brought on by continuous growth into a variety of communities. Following this name change, the Hartford branch staff relocated to their current building on Bell Ave.
In December of 1999, we opened our sixth branch in Germantown. The bank had approximately $19M in capital, and assets totaling approximately $240M
We opened our seventh branch in West Bend in November of 2002, located on W. Washington St. In December of the same year, the Germantown branch relocated to its current building on Mequon Rd.
In February 2005, we opened our eighth branch on Summit Ave. in Oconomowoc.
A new loan office was opened in Menomonee Falls in April of 2008 and our assets totaled more than $500M.
In October of 2010, we opened a new branch in Menomonee Falls, and a loan office in Madison in February.
We opened a new branch in Brookfield, and a new branch in Mequon in June. A new branch in Grafton was opened in December.
In June of 2014, we finished construction on our new corporate expansion; adding 25,000 sq. feet to our downtown Oconomowoc headquarters. In August of the same year, we opened our second branch in Brookfield on North Ave.
In May, we opened a new loan office in Green Bay. A few months later, in August, we added our 13th full service branch in downtown Milwaukee. And in November, another loan office in Rothschild, WI was opened.
On January 19, 2016, we opened our 14th full service branch location in Glendale.
On May 4, 2020, First Bank Financial Centre officially changed it’s name to Bank Five Nine. We weren’t bought or acquired, we simply wanted to stand out in a saturated market of 22 other “First Banks”.
Bank Five Nine Routing #: 075902421
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