Here's the company press release:
Johnson Bank announced today they will consolidate their Lake Geneva office into their Burlington location. The bank will also consolidate their Sheboygan office into their Kohler location. The office located at 580 Broad Street in Lake Geneva and the office located at 701 N. 8th Street in Sheboygan will officially close on December 17, 2010, along with Johnson Bank’s drive up location located at 5417 Washington Avenue in Racine. This is part of the bank’s plan to manage business in light of the evolving economic environment.
“No one is immune to the impact caused by the current economic situation,” said Russ Weyers, Chief Operating Officer/incoming Chief Executive Officer. “We’re making decisions so we can be an even stronger financial partner in the future for our clients.”
The banks will remain open until close date. Weyers said he expects the impact on clients to be minimal.
“Our client relationships are important to us and we appreciate their business,” added Weyers. “Our clients can expect the same high level of service they’re accustomed to at Johnson Bank.”
Weyers said the bank will continue to review multiple aspects of the organization to manage the business and adapt to the changing economic environment. Approximately 12 associates will be affected.