FNC Bank News
It is with great sadness that we announce the passing of John Soderberg on March 13, 2023. John will be greatly missed by his family, friends, colleagues, and community members.
A lifelong resident of New Richmond, John was an active member of many local organizations and contributed countless hours in support of the community that he called home. The fact of his generosity was well-known, but the great extent of it was not. Taking credit for anything was simply not in his nature. John will be remembered for his empathy and concern for those around him in the community that he loved. Thank you John, and farewell.
FNC Bank is proud to announce we have been named the FY2022 Wisconsin SBA Volume Lender Award for:
“Lender with Most Approved 7(a) Loans”
Asset size: > $200 million - $300 million
The U.S. Small Business Administration’s Wisconsin office is recognizing 14 lenders in 15 volume and specialty categories for FY2022, the twelve months ending Sept. 30, 2022. With total SBA-backed FY22 lending in Wisconsin reaching more than $789 million, community lenders again played a strong role with 12 of 15 awards going to Wisconsin-based lenders.
“SBA-backed lending in Wisconsin saw its second highest level in recent years with $789 million delivered to small business owners through SBA’s core lending programs in FY22. While a drop from the more than $1 billion in loans last year, lenders are still delivering much needed capital to Wisconsin’s startups and more seasoned entrepreneurs,” stated Eric Ness, SBA’s Wisconsin district director. “These high-volume lenders showcase the importance and continued availability of SBA-backed financing for small businesses at all stages of growth through Wisconsin’s many commercial and community banks, credit unions, CDC's, CDFI’s and other financing institutions.”
The SBA will recognize FNC Bank along with other volume lenders at the 2023 Wisconsin Lenders Conference hosted by UW-Stevens Point on May 18.
Green Giving Checking
FNC Bank recently took a unique approach to banking with the launch of a brand new checking account dubbed “Green Giving”. The bank developed this one-of-a-kind product with the goal of giving back to the community. For starters, it’s a ‘green’ checking account – meaning it’s paperless and environmentally friendly. Furthermore, with every completed debit card transaction (swipe), the bank will donate money to charities within the local communities it serves.
“As a community bank, we set out to create an account focused on serving our local areas – both environmentally and economically” said Scott Soderberg, owner of FNC Bank. “We feel that creating an account that gives back to our communities is not only our social responsibility, it also fits squarely with our 100+ year tradition of being community-minded in everything we do.”
The funds donated by the bank are distributed through the FNC Bank Grant Program with the purpose of supporting local causes. Additionally, this new community-focused account aligns nicely with the bank’s sustainability goals and their recent move to fully powering their branches with 100% renewable energy.
More information on Green Giving Checking can be found on the FNC Bank website at https://www.fnc.bank/community/shredding-events
Your Checking Account Just Got Better
FNC Bank is happy to announce our checking accounts will now have access to the MoneyPass ATM network. The following are frequently asked questions.
What is MoneyPass?
MoneyPass is an ATM network allowing our debit cardholders access to 37,000 convenient surcharge-free ATMs nationwide.
Why did FNC Bank add MoneyPass?
Providing MoneyPass access further enhances our checking account options and allows for greater benefits to our customers. There is no charge to you for the addition of MoneyPass. FNC Bank has assumed these costs as an additional perk to our customers. Your surcharge-free ATM options just went from 4 (at each of our branches) to 37,000 nationwide.
How will this affect my checking account(s)?
MoneyPass is now available to all FNC Bank checking account cardholders.*
When will MoneyPass launch?
MoneyPass is live now so debit card customers can take advantage of these additional ATMs immediately.
How do I find MoneyPass ATMs?
You can locate MoneyPass ATMs at https://moneypass.com/atm-locator.html. You may also continue using our branch ATMs without charge.
FNC Bank hopes you enjoy your expanded ATM options! If you have any questions, please contact us.
*Does not include Health Savings Account (HSA) debit cardholders.
• $2,500 The Sharing Tree, Inc.
• $1,500 Kinship of Polk County
• $1,500 Friends of Osceola Library, Inc.
• $1,000 Somerset Elementary School
Effective February 2022, FNC Bank has moved to renewable energy sources to power each of its four branch buildings.
The bank partnered with New Richmond Utilities (serving its New Richmond branch), and Xcel Energy (serving its Hudson, Somerset and Dresser branches) to shift to 100% renewable energy sources. This approach meets sustainability goals using dedicated wind, solar and biogas resources, and achieves the bank’s goal of fully powering all FNC Bank buildings with 100% renewable energy. The decision to move to a cleaner power source is consistent with the bank’s commitment to social responsibility within the communities is it serves.
"FNC Bank is very proud to take full advantage of energy programs through the local utility companies to power our branches with 100% renewable energy. We feel that choosing this path is not only our responsibility in furthering the larger goal of energy sustainability, it also fits squarely with our 100+ year tradition of being community-minded in everything we do. These energy partnerships enable all of our buildings to be powered 100% by renewable energy."The bank’s move to 100% renewable energy will result in the annual equivalent of 98 cars being taken off the road, 122.5 acres of trees planted, or 180 tons of coal not burned.
FNC Bank was recently certified as a Family Friendly Workplace. Family Friendly Workplaces (FFW) is a non-profit organization partnering with businesses in St. Croix, Pierce, and Polk counties to promote family friendly policies and practices.
The Family Friendly Workplace Certification® recognizes workplaces with practices that directly support employee families as well as provide funding to family supporting programs. As part of the certification process, FFW conducted a thorough review of FNC Bank’s human resources policies and practices, awarding points for policies and practices which support families. FNC Bank received the highest Gold Level Family Friendly Workplace Certification for their dedication to employees and their families.
“FNC Bank is committed to supporting our employees, their families, and the communities we are so proud to serve,” said Scott Soderberg, CEO of FNC Bank. “Becoming a certified Family Friendly Workplace is directly in line with our values and practices, and we hope this encourages others in our communities to think about how they might work to help support families as well.”
As part of their commitment to supporting Family Friendly nonprofits, FNC Bank recently donated funds to Five Loaves Food Shelf in New Richmond through the FFW nonprofit conduit.
“We have made it a focus of ours to support organizations addressing food insecurity in our communities. This donation continues that effort, and we are proud to celebrate and empower those working to provide this critical assistance to those in need,” said Scott.
“FNC Bank’s certification is a natural fit, and we hope their leadership will encourage others to become certified,” said Neil Kline, Chief Evangelist for FFW.
FNC Bank is excited to announce the promotion of Sheri Soderquist to Chief Operating Officer. As FNC Bank’s first COO, Sheri will be responsible for overseeing daily branch operations including front-line staffing, facilities management, and bank security. She will use her skillset to develop and implement strategies for delivering a superior customer journey through efficient processes, enhanced security measures, adoption of a service culture, and expansion of account relationships.
Sheri has been with FNC Bank since 2012 and possesses a wealth of experience and knowledge vital in this new position. Her financial services career expands across consumer, commercial and mortgage areas giving her a firm understanding of financial products paired with exceptional business development and relationship management skills. As a Graduate School of Banking graduate, Sheri embodies an additional skillset to evaluate and execute operating plans, talent goals and other corporate growth objectives.
“We are excited to expand our relationship banking efforts with the addition of a COO role. This is a significant step for the bank, specifically designed to improve the way we do business” says Scott Soderberg, CEO of FNC Bank. “Sheri is uniquely qualified to do just that, based on her extensive hands-on experience at all levels of banking. We are confident in her abilities to develop strategies that will enhance the customer experience at FNC Bank.”
On a personal level, Sheri is a known leader in the communities we serve. She is an active member of the New Richmond Chamber having served on the Chamber Board since 2017 and as a Chamber Ambassador since 2012. Sheri also holds Treasurer roles for the Town of Richmond in St. Croix County since 2011 and on the board of directors at New Richmond Heritage Center since 2016.In her most recent role of Vice President Commercial Lender at FNC Bank, Sheri will continue to serve her business customers until the bank has onboarded another Commercial Lender to assume those relationships. Her office will remain at the New Richmond branch; however, she will be frequenting the Somerset, Hudson, and Dresser locations to better serve our customers throughout western Wisconsin.