President & CEO Jay McKenna

The Milwaukee Business Journal has named North Shore Bank the strongest midsize bank (assets between $1 billion and $4 billion) in Wisconsin. This prestigious achievement is the result of a comprehensive analysis of financial data collected by the FDIC for banks headquartered in the state. This recognition is a testament to the bank’s strategic management, financial stability, and commitment to serving our customers and communities.

President & CEO Jay McKenna reflected on this achievement and the bank’s current standing. 

“While we manage and run North Shore Bank intentionally and deliberately to be extremely safe and strong, it is nice to occasionally receive third-party public affirmation of that. It helps to cement in the minds of our customers and communities that we are in this for the long run and are here for them. Our 100+year history bears that out,” he said. 

Jay also provided an update on the bank’s performance at the midway point in our fiscal year.

“We are in the midst of another strong fiscal year, and things are going very well. Of all the businesses we are in, we do wish the mortgage business was a bit stronger, but interest rates and housing market conditions are making that challenging right now,” he said. “Our other business lines are doing well.”

Looking forward, Jay said things look good, so he remains cautiously optimistic about the rest of the year. 

“We always keep a close eye on the economy, as that does have a significant impact on our industry,” he said. “The Fed looks as if it will hold interest rates steady for quite some time. As always, we are well-positioned for whatever comes our way.”

Congratulations to all on this impressive ranking for North Shore Bank!