About Us

100 Years of MSB

A Century of Extraordinary Service

We are proud to say that for more than 100 years, Mayville Savings Bank has been a locally managed hometown community bank that is owned by our depositors.

In today’s world, banking is changing. Large, national banks and credit unions continue to expand through mergers and acquisitions. As a result, there are fewer banks and credit unions today than at any other time in our lives. And, as they grow larger, they become more distant from their customers. Yet through all of these changes, Mayville Savings Bank has not only survived, we’ve thrived! We continue to be a local community bank with our heart and soul right here in Mayville, Wisconsin, and we truly are different.

Our History

On February 1, 1922 the Mayville Savings and Loan Association first opened for business. Our local “Building & Loan” was created to serve two local needs. The first, to promote housing by offering affordable home loans to all residents; and second, to provide a means for people to safely save money by depositing small sums on an installment basis.

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Fast forward to 2023, when most banks are now owned by stockholders. The management of these banks owe their allegiance to those stockholders and NOT to their customers. At Mayville Savings Bank, we are a mutual institution, which simply means that we are owned by our depositors. Your hard-earned dollars are reinvested into our local families’ homes and businesses. Instead of dividend checks, our customers receive outstanding local service, local decisions and a local commitment to their family and friends. These are the things that money can’t buy.

Many banks require that you call in advance to set up an appointment to open or even to close an account. In fact, we know there are banks that require you to make an appointment to simply have a document notarized. At Mayville Savings Bank if you want to call ahead you certainly can, but it isn’t necessary. Just come on in! We work for you, not the other way around.

Some banks limit your banking services to an online environment. At Mayville Savings Bank we love the Internet, but we believe that you should choose how you wish to conduct your banking business. So, whether you prefer online access or personalized, face-to-face interaction, we have what you need.

Some banks may expect you to wait weeks while an out-of-town management team and their owners make the decision as to whether your loan request is approved or denied. At Mayville Savings Bank, our management team is local and we are the decision-makers. We simply do not believe that loan decisions should take weeks to make, and we sure hope you agree.

We are your local community bank and are here to help you save your hard-earned money and now we can help you invest it as well. That is why we formed Cardinal Financial Services in 2019 to offer our customers full service financial planning. Call us or stop in for the details on how to take advantage of this service.

Whether you are looking to invest for retirement, manage your daily funds, borrow money to buy a car, build or remodel your family home, or finance equipment for your company, Mayville Savings Bank wants to be your local hometown bank.

After 100 years of providing banking services to generations of families, our roots run deep in the Mayville area. Why not stop in and join us? We’re quite sure that you will love the difference.


Garrett L. Kornman
President & CEO
Mayville Savings Bank

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