AbbyBank announced the closing of a definitive agreement under which State Bank’s assets and liabilities became part of AbbyBank as of October 25, 2019. 

Today it’s common for Americans to spend 2, 3 or even 4 decades in retirement. This means people have ample time to relax and achieve a bucket list of dreams. However, the flip side is that retirees need to ensure they have enough savings to last through their lifetime. One complicating fact…

Peoples State Bank plans to expand its presence in the Milwaukee market with a full-service bank in West Allis. Peoples, which has been headquartered in Wausau since opening in 1962, has purchased a building at 10725 W. National Ave, West Allis.

The largest transfer of wealth in history is happening, right now, as baby boomers are retiring, and therefore selling their businesses. According to the 2016 BEI Exit Planning Survey, 69 percent of business owners plan on exiting within the next five to 10 years. As this massive transfer of…

Years ago, at the moment when the internet was emerging and the potential for personal money transactions intersected, there was an immediate fear and mistrust among many people. “Is it secure; will I get ripped off?” was the chief concern that led significant numbers of the first generation…

Companies regularly find themselves in the position of having to invest in equipment that will allow them to continue growing their businesses. If those businesses are startups, the need is sometimes more urgent, as they require capital-intensive equipment just to get their operations up and…

As a business owner, you’ve invested much in your enterprise — in money and hard work. You’ve built it up over time, developing a customer base and maximizing the value of your operation. But, what is its true value? Is it the bottom line arrived at by way of an income/outlay spreadsheet cal…

Stevens Point, Wis. – After concluding its annual review in May, A.M. Best, the insurance industry’s leading rating authority, assigned Sentry Insurance an A+ (Superior) rating. It’s the 28th consecutive year Sentry has received the rating. The rating confirms Sentry’s financial strength and…

Receiving a sizable inheritance can make a significant difference in a person’s financial life. If you find yourself in the position of inheriting an individual retirement account (IRA), it may have added value in the form of tax advantages. The tax rules and considerations of IRAs vary base…

WAUSAU, Wis., May 06, 2019 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (OTCQX: PSBQ), parent company of Peoples State Bank, Wausau, Wisconsin, announced that it has ranked for the tenth consecutive year in the American Banker Magazine’s “Top 200 Community Banks” list, as the 53rd top performing c…

Goals and expectations change over time, much like your Limited Liability Company (LLC). Similarly, your Operating Agreement warrants an annual review and potential amendment.

Wisconsin’s business tax climate has seen marked improvements over the last eight years. Whether it’s CNBC (29 in 2010 to 17 in 2018), Forbes (40 in 2010 to 32 in 2018), the Tax Foundation (42 in 2010 to 32 in 2019), Site Selection Magazine (unranked in 2010 to 22 in 2018), or Chief Executiv…

In results posted from the U.S. Small Business Administration that tracks SBA lend- ing throughout the nation, River Valley Bank, and it's national online community bank, IncredibleBank, ranked as the 23rd largest SBA lender in the fourth quarter of 2018.River Valley was the only bank in Wis…

When it comes to which investment strategies to employ, people generally fall into two camps: “bot- tom-up investing” or “top-down investing.” While both investment strategies have merits and drawbacks, incorporating them in tan- dem may help you achieve a balanced, diversified portfolio.

Van Horn Automotive Group, which has tow dealerships in Stevens Point, was recognized by the Wisconsin Chapter of The ESOP Association as 2019 Company of the Year.The award is presented to a company that demonstrates a commitment to employee ownership as exhibited by involvement with the Ass…

CoVantage Credit Union has announced that it will provide special flood assistance loans to those impacted by flood damage. “Part of the CoVantage mission is to work with members experiencing financial challenge. When natural disasters occur that impact our members’ financial well-being, we …

Receiving a sizable inheritance can make a significant difference in a person’s financial life. If you find yourself in the position of inheriting an indi- vidual retirement account (IRA), it may have added value in the form of tax advantages. The tax rules and considerations of IRAs vary ba…

When it comes to which investment strategies to employ, people generally fall into two camps: “bottom-up investing” or “top-down investing.” While both investment strategies have merits and drawbacks, incorporating them in tandem may help you achieve a balanced, diversified portfolio.

“In a family business, every decision and policy has to be evaluated based both on how it works for the business and also how it will affect the family dynamic — and that adds an extra dimension,” says Daniel Prebish, director of Life Event Services for Wells Fargo Advisors. Here are six ste…

Tom Knudsen, senior vice president and north- ern market president for Peoples State Bank is retiring.Knudsen’s decision to retire brings to a close a remarkable career of more than 45 years of serv- ice to Rhinelander and other Northwoods communities.He spent the last 11 years at Peoples St…

Tax filing is just around the corner. The impact of the biggest overhaul of the U.S. tax code in three decades has arrived and it will spread far and wide. The Tax Cuts and Jobs Act became law in December 2017.

Having spent decades saving for retirement, it can feel like a major shift for retirees to transition to spending down their hard-earned assets.

Investment planning is like doing a jigsaw puzzle except the pieces don’t always come in one box— often you have to gather them from a variety of sources. When putting an investment plan together, you have to combine information on assets, debt, insurance, and more to form the full picture o…

It’s easy to overlook recurring expenses that you no longer need or that can be reduced based on life changes. For example, if your kids are now grown and living on their own, do you still need your house cleaned once a week? Or perhaps that great introductory rate on your internet service h…

When it comes to which investment strategies to employ, people generally fall into two camps: bottom-up investing or top-down investing. While both investment strategies have merits and draw backs, incorporating them in tandem may help you achieve a balanced, diversified portfolio.

One of the goals of the 2017 tax reform bill, the Tax Cuts and Jobs Act (TCJA), was to reduce the amount of income taxes on businesses’ income. For regular corporate (C corporation) taxpayers, the bill changed the corporate tax rate to a flat 21 percent. For individual taxpayers, the bill ch…

Even with a solid retirement plan in place, life can include big and unexpected changes — often unanticipated. About 46 percent of retirees left the workforce earlier than planned, according to the 2016 Retirement Confidence Survey released by the Employee Benefit Research Institute.

The process for eliminating debt is anything but an easy-to-solve financial equation. Many people wonder if they should pay off their debt as quickly as possible or invest their money, letting debt payments run their course.

Payroll and human resources departments need to be aware of changes surrounding joint employment status and independent contractor determinations. Administrative interpretations from 2015 and 2016 were rescinded by the Department of Labor (DOL) on June 7.