Mound City Bank pledges $100,000 for new UW-Platteville scholarship

August 1, 2013

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PLATTEVILLE, Wis. — With a pledged gift of $100,000, Mound City Bank continues to show its support to University of Wisconsin-Platteville students. The money will be used to establish the Mound City Bank Scholarship. Recipients must be in good academic standing and preference will be given to applicants who demonstrate financial need.

Mound City Bank is a longtime financial supporter of UW-Platteville. Bank officials have made financial commitments over the years to sustain scholarships in the areas of business, accounting and agriculture. The company’s most recent pledge of $100,000 to the UW-Platteville Foundation keeps that commitment alive.

“We believe in the importance the university plays in the economic well-being of the communities that we serve,” said Donna Hoppenjan, president and CEO of Mound City Bank. “We are confident that the scholarships not only help the individual students who receive them, but also enhance the continued growth and economic vitality of the city of Platteville and the surrounding communities.”

“This major investment in our students by Mound City Bank solidifies what we know; our students work hard to reach their academic goals and then go on to positively impact the communities in which they live,” said Dennis Cooley, assistant chancellor for University Advancement and executive director of the UW-Platteville Foundation. “We greatly appreciate all of the opportunities Mound City Bank has provided and will provide to our students.”

In addition to the financial support, Mound City Bank offers an internship program for university students and employs students on a part-time basis. Student employees work as customer service representatives and provide important  agricultural financial analysis. “It is very rewarding to know that we have made a difference in their educational lives in order for them to pursue their careers,” said Hoppenjan.

For any business or individual thinking about making a financial contribution to the university, Hoppenjan says it was the right decision for Mound City Bank and believes it would be for others as well. “We would encourage other area businesses to give to the Foundation,” she said.

Hoppenjan recently replaced Bob Just as president and CEO of Mound City Bank. Just, a 1970 graduate of UW-Platteville, retired after being employed by Mound City Bank for 42 years, the last 26-and-a-half as its leader.

Mound City Bank

Mound City Bank began operations as a state-chartered bank on Feb. 18, 1915 in Platteville, Wis. Mound City Bank established a branch in Belmont, Wis. in 1935.

In 1992, a branch was opened in Cuba City, Wis. The main office in Platteville continued to grow and in 1995, the bank constructed a new four-lane motor branch for convenient drive-up banking, drive-up ATM services and a community room. In 1996, the main office doubled its previous size, affording the space to provide new and non-traditional banking services to its ever-growing customer base.

Mound City Bank shareholders approved the formation of Mound City Financial Services Inc., a one-bank holding company in 1997.

With the vision of market growth along the U.S. Highway 151 corridor, the Mount Horeb, Wis. branch was established in 2007, along with a Mineral Point, Wis. branch in 2008.

Mound City Bank has come a long way from its humble beginnings as a $55,000 total asset bank in 1915 to total assets of more than $260 million today.

Contact: Dennis Cooley, UW-Platteville Foundation, (608) 342-1309, cooleyde@uwplatt.edu

Written by: Dan Wackershauser, UW-Platteville University Information and Communications, (608) 342-1194, wackersd@uwplatt.edu

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