Lake Ridge Bancorp Inc.
LRBI
Other OTC143.25
USD
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Lake Ridge Bancorp Inc.
LRBI
(Other OTC)
Recent
price
143.25
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Lake Ridge Bancorp, Inc. operates as the bank holding company for Lake Ridge Bank, providing a full spectrum of financial products and services to individuals and small to mid-sized businesses in Wisconsin. The company form separates its activities through Lake Ridge Bank, with operations focused on deposit-taking, lending, cash management, wealth services, and related financial solutions. Headquartered in Madison, Wisconsin, Lake Ridge Bancorp was formed through a merger of equals and now functions as the parent company overseeing subsidiary banking operations and strategic initiatives. Main products and services - Personal banking: checking, savings, money market accounts; debit and credit card services; online and mobile banking; automated bill payment; treasury services for individuals. - Consumer lending: residential mortgages (conventional, insured, and government-backed programs as applicable), home equity loans and lines of credit, auto loans, personal loans, debt consolidation financing, construction and lot financing. - Small business banking: business checking and savings accounts; lines of credit and term loans; commercial real estate and construction loans; equipment financing; letters of credit; merchant services; cash management; treasury services; SBA loans. - Commercial and agricultural lending: working capital facilities; farm and agricultural loans; real estate and development financing; equipment leasing; lease and financing solutions for commercial customers. - Wealth and advisory services: investment management; retirement planning and advice; estate and trust services; financial planning; private banking services for high-net-worth clients. - Payment and digital services: wire transfers, ACH processing, positive pay, online and mobile payment capabilities, and merchant services for merchants. - Insurance and risk management: life and other insurance products; insurance-related services integrated with financial planning. Latest major company changes - Strategic growth via merger and reorganization: formation of Lake Ridge Bancorp, Inc. through an all-stock merger of equals between two Wisconsin community banks, followed by integration of core systems and branding to Lake Ridge Bank, creating the largest community bank headquartered in Dane County and a sizable Wisconsin banking institution by assets. - Market presence and liquidity enhancements: listing and qualification to trade on the OTCQX market, expanding liquidity options for shareholders and broadening access to public markets for the holding company and its investors. - Core processing integration: post-merger system conversions expected to unify operating platforms under the Lake Ridge Bank name, enhancing efficiency and customer experience across branches and channels. - Corporate information and investor relations enhancements: ongoing updates to shareholder information and corporate governance practices as a unified entity, highlighting the company’s strategic direction and performance metrics. Additional context - Industry and segments: commercial banking, consumer banking, wealth management, and specialized lending (agriculture and small business). - Target markets: individuals, small and mid-sized enterprises, agricultural clients, and high-net-worth customers seeking private banking and financial advisory services. - Geographic footprint: primary focus in Wisconsin, with headquarters in Madison and operations centered in Dane County; growth through regional commercial and consumer banking activities. - Corporate structure: parent company Lake Ridge Bancorp, Inc. with Lake Ridge Bank as the operating subsidiary; parent and subsidiary relationship established through the merger of equals and subsequent integration. - Founding year and headquarters: established as Lake Ridge Bancorp, Inc. following the merging entities; headquarters located in Wisconsin (Madison area). - Subsidiaries and affiliations: Lake Ridge Bank remains the operating bank; the holding company oversees corporate governance, capital strategy, and investor relations, with potential for further expansion or affiliate arrangements within Wisconsin and nearby markets.