Banking Service History
Compiled and Edited by Michael R. Reilly
Last Revised 05/16/2005
The first bank was started in Sussex in 1911. Called Sussex State Bank, it was operated by J. W. Cannon. It was closed in 1933 during the Bank Holiday due to the weakened condition caused by the Great Depression.
In May, 1939, upon recommendation of the Federal Deposit Insurance Corp. and State Banking Department, the Farmers and Merchants Bank of Menomonee Falls took over the operation of the Sussex Bank. (Farmers and Merchants began in Menomonee Falls on May 20, 1908 with Samuel A. Connell as president and Albert H. Eckhardt as cashier.)
Harry Rodgers was the first manager of the Sussex F&M Bank, and remained there until his retirement. Upon Rogers retirement, Elmore and Esther Bast became a great husband-wife team as managers of the Sussex office. Mr. and Mrs. Bast contributed a great deal tot he growth of the Sussex office. Other managers at Sussex include; Eugene Ackatz, Robert Dahinden and Earl Mester, the present manager (1972). Presently Mester has a staff of six. Source: Recollections from the Past: Sussex, Wisconsin, Presented by Farmers & Merchants Bank, August 4, 1972
Editor's note: J. W. Cannon was actually the first manager following the merger of the two banks, see text below.
Sussex Bank in Falls Merger
Customers of the Sussex area Farmers and merchants Bank of
Menomonee Falls have received the following notice: "J. W. Cannon tendered
his resignation as manager of the Sussex office during December,
effective as of January first. He will be employed here at the parent bank in Menomonee
Falls temporarily. His position as manager of the Sussex office will be filled
by Harry Rodgers who comes highly recommended by the state banking commission.
Mr. Rodgers has had over 30 years experience in country bank work in Wisconsin
and lived in a rural community all his life. Mr. Rodgers will take up his duties
next Monday, Jan. 9, and will soon move his family to Sussex as soon as he is
able to find suitable living quarters. Mr. Dearborn will remain at the Sussex
office temporarily as assistant to Mr. Rodgers." Waukesha Freeman,
Thursday, January 11, 1939, page 8.