Waterstone Financial (NASDAQ:WSBF) (NASDAQ: WSBF) is the bank holding company for WaterStone Bank, a community-focused financial institution headquartered in Brookfield, Wisconsin. Through its subsidiary, the company offers a comprehensive suite of banking products and services to individuals, small and mid-sized businesses, and professional practices across southeastern Wisconsin and northeastern Illinois. Its core offerings include checking and savings accounts, commercial and residential mortgage lending, business and industrial loans, and treasury management services.
On the commercial side, WaterStone Bank provides tailored financing solutions such as commercial real estate loans, equipment financing, lines of credit, and SBA-guaranteed loans. The bank’s treasury management division supports clients with cash-flow optimization tools, merchant services, ACH origination, and payment processing. For consumers and small businesses, WaterStone offers fixed- and adjustable-rate mortgages, home equity lines of credit, mobile and online banking platforms, debit and credit card services, and a variety of deposit products designed to meet evolving customer needs.
The banking operations trace their origins to community banking efforts in the greater Milwaukee area, growing through both organic expansion and selective acquisitions. Over time, management has focused on integrating local expertise with modern delivery channels, investing in digital platforms and financial technology to enhance customer experience while preserving the personal touch of a community bank. This hybrid model has supported steady deposit growth and diversified loan portfolios.
Waterstone Financial’s leadership team is composed of seasoned banking professionals led by Chief Executive Officer Steve Olwig and Chief Financial Officer Lance Golobic, under the oversight of an independent board of directors. The company emphasizes community engagement and supports local development initiatives, reinforcing its commitment to economic development and customer-driven service across its regional footprint.
