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AbbyBank is a commercial, state charter bank based in Abbotsford, Wisconsin. The bank operates as a subsidiary of its parent company, Abby Bancorp Inc., a U.S. regional bank holding company.

As of December 31, 2020, Abby Bank had $618,383,000 in total assets[1] and operated 7 branches in Central and Northeast Wisconsin.

History
AbbyBank was founded in 1968 as Abbotsford State Bank[2]. The bank opened its first location at the corner of highways 29 and 13 in Abbotsford, Wisconsin on March 1, 1968. The bank was founded by seven community business leaders that felt that Abbotsford needed a bank of its own. The bank’s mission was to provide independent and community-based financial services.

In February 1986, Abbotsford State Bank created The Abbotsford Story, Inc. as a private charitable foundation[3]. Today it is known as the AbbyBank Foundation Inc.

Abbotsford State Bank reached $100 million in assets in April 1996.

Following expansion into Wausau, Wisconsin and Weston, Wisconsin, Abbotsford State Bank changed its name to AbbyBank effective November 17, 2003. This name change recognized the history of the organization while showing its commitment to serving additional communities across the state of Wisconsin.

In September 2016, AbbyBank completed the purchase of a majority of the assets and assumption of the liabilities of Fidelity National Bank[4], an $85,000,000 bank based in Medford, Wisconsin. This acquisition expanded the bank’s footprint to five locations, including Appleton, Wisconsin.

AbbyBank reached $500 million in assets in October 2018.

In October 2019, AbbyBank acquired a majority of the assets and assumed the liabilities of State Bank[5]. This acquisition expanded AbbyBank’s footprint to seven locations with the addition of branches in Gresham, Wisconsin and Shawano, Wisconsin.

FDIC charter information
Abby Bancorp Inc. is FDIC insured. Certificate #19795[6]. [1] https://banktracker.investigativereportingworkshop.org/bank/19795/abbybank/

[2] https://www.thebluebook.com/iProView/1771306/abbybank/subcontractors/

[3] https://www.marshfieldnewsherald.com/story/news/local/community/2014/10/30/organizations-receive-donations/18109801/

[4] https://www.spglobal.com/marketintelligence/en/news-insights/trending/puhdp7lyew1bs8pze5z75q2

[5] https://wausaupilotandreview.com/2019/11/04/abbybank-acquires-state-bank/

[6] https://www.bank-locations.us/abbybank/wausau-branch.html