Deal of the week: Prevail Bank

Wausau Pilot & Review

Editor’s note: business of the week is a sponsored feature that tells the stories of locally owned and operated businesses in the Wausau area, highlighting the products and services they offer and how they contribute to the metro area’s unique flavor. Learn how to make your business stand out by emailing [email protected]

This week’s featured company is Prevail Bank, a unique financial institution with nine locations including Wausau. With the motto “Pursue what’s possible,” this is the team that makes your financial dreams come true and makes local decisions that create a healthier community. The bank’s mission is clear: to help its customers, employees and communities achieve their goals on their financial journey. Bank President Nathan Quinnell said Prevail believes in doing what is right for the customer. The Banking team will work with you to find the right products and services for you, your home and your business, no matter how big or small. They are proud of their core values: putting people first, finding solutions, doing what is right and taking responsibility when it comes to each and every customer.

Wausau employees include Branch Manager Jarrod Spinnato, Mortgage Loan Originator Kerri Burns (NMLS# 1683827), Commercial Lending Officer Terry Barnett, and Stacy Schoepke, Shiloh Ivaska, and Angelo Elsmo, customer service representatives who are here to help you every step of the way help financial journey. Prevail’s impact can be felt through its commitment to the community, which is evident in its many events and contributions. Read here how Prevail Bank was founded, what makes them different from other financial institutions, what services they offer and why they think Wausau is a great place to do business.


Give me a brief history of Prevail Bank. As far as I know, the bank was formed through a merger.

Prevail Bank (2019) is the synergy of two very successful financial institutions from Wisconsin. The commercial lending and commercial banking professionals at River Cities Bank (1997) and the creative mortgage solutions experts at Time Federal Savings Bank (1934) brought together their digital technologies, experienced people and talent to form a comprehensive service banking and lending team.

What sets Prevail Bank apart from other financial institutions in the region?

The ability to make credit decisions locally is Prevail Bank’s advantage. It enables a better understanding of our customers, a dedicated and confidential understanding of the companies, the situation and the needs, and a close cooperation side by side that will last for many years. As a trusted advisor, Prevail Bank is able to help clients achieve success faster – personally and in business. Prevail Bank’s Commercial and Mortgage Lending Officers become a client’s biggest and most vocal advocate.

What would you like more people to know about your organization or your work?

Prevail Bank has the technology to enable you to do all your personal and business banking from your home computer and/or mobile device. However, if technology scares you, come to any branch – or click CHAT on Prevail Bank’s website – and Prevail Bank staff will walk you through the process step-by-step to help you with online/mobile banking to establish. Almost anything can be done with a click of a customer’s computer button or cell phone (make deposits, transfer money, check balances, block your debit card,…).

What makes Wausau an attractive business location? (In other words, what made Wausau a good cast for Prevail?)

The Prevail Bank has had a branch in Wausau since September 28, 1988, at that time still under the name Time Federal Savings Bank. Wausau is a great place to do business because we share similar visions – to offer our constituents a big city, full-service amenities with small-town charm, commitment and integrity. Wausau has a thriving arts scene, a lively downtown area, and numerous shopping and dining options. We like to think that we have contributed to this healthy environment. We have the resources and experience to be a trusted advisor to anyone with a goal or dream.

How many locations do you have?

We have nine branches (in alpha order) Baraboo, Eau Claire, Marshfield, Medford, Owen, Phillips, Stevens Point, Wausau and Wisconsin Rapids. Each office has the resources to solve problems and fulfill the dreams that you or I have, personally or in business.

What types of banking products do you offer and what do you specialize in?

Consumer Goods & Services:

  • Personal advice, video conferences, chat, e-mail, telephone and digital communication options
  • Multiple checking and savings accounts
  • Saving makes cents program
  • Retirement Plans & IRAs
  • Certificates of Deposit (CDs)
  • health savings accounts
  • debit and credit cards
  • ID TheftSmart Services [Protection, Detection, Restoration]
  • Lockers

Digital and mobile banking solutions that include:

  • pay the bill
  • Banking Alerts
  • eStatements
  • Mobile deposit
  • Prevail Bank Mobile Banking App
  • Online and Mobile Banking Videos
  • Apple Pay / Google Play / Samsung

Loans for:

  • house mortgages
  • refinance house
  • home equity line of credit
  • construction
  • Car, truck and SUV
  • ATV, motorcycle, snowmobile and boat
  • country

Products and services for companies:

  • Personal advice, video conferences, chat, e-mail, telephone and digital communication options
  • Multiple checking and savings accounts
  • CDs for big savings options
  • CDARs for $250,000+ deposits
  • Dual Control Accounts
  • overnight deposit
  • Insured Cash Sweeps
  • debit and credit cards

The premium version of Business Resource Manager also includes:

  • Electronic Payments
  • Access/rights for multiple users
  • Access to Business Bill Pay
  • eStatements
  • Remote Deposit
  • positive pay
  • ACH Services*
  • Payroll accounting/payment processing *
  • transfer service *
  • Transfer of third-party funds *

Loans and trades for:

  • SBA & Entrepreneurship
  • Business credit for equipment/inventory
  • Municipal Transactions
  • Agriculture
  • real estate development
  • Government Guaranteed Transactions
  • Commercial Credit Lines
  • refinancing existing debt
  • And more!
Prevail Bank on Shred Day 2022

How does Prevail Bank support the communities it serves? Tell us why this is important to you.

Prevail is proud of our shared savings bank tradition, where every customer is an owner. Prevail Bank’s ownership culture lives on today and is demonstrated by the hundreds of thousands of dollars and volunteer time it has invested in the communities it serves. As a community bank, Prevail is always looking for ways to give back and improve the quality of life and success of its customers, communities and employees, invests in economic development and facilitates financial literacy workshops.

Can you give us some examples?

Prevail Bank coordinates nine free Community Shred Day events annually. It’s a triple win; a win for participating consumers, the environment and nine local non-profit organizations. The consumer wins because it offers the ability to securely destroy personal and confidential information. According to Experian, identity theft affects approximately 1 in 20 Americans each year, and the number is increasing rapidly. During the 2020 holiday season, 24% out of every 1,000 respondents said they had been a victim of identity theft or fraud – twice the rate in 2019! From an environmental perspective, over 24,000 pounds (or 12 tons) of paper was collected, shredded and recycled during Prevail Bank’s Shred Days this year. This equates to over 200 saved trees; 4,560 gallons of oil; 36 cubic meters of landfill space; 48,000 kilowatts of power; 84,000 gallons of water; and 720 pounds less air pollution. The 200 rescued trees (above) can absorb a total of 3,000 pounds of carbon dioxide from the air each year, conversely, burning the same tonnage would produce 18,000 pounds of carbon dioxide. And when the benefits of privacy, security and environmental protection aren’t enough, Prevail Bank has $1 for every pound of paper collected at each branch, up to $1,000 each, to a nonprofit organization of the branch’s choice promised. The nonprofits receiving a $1,000 donation from Prevail Bank this year as a result of Shred Days are: The Neighbors’ Place, CAP Services – Family Crisis Center, Personal Development Center (PDC) – Victim Services Center, United Way of South Wood & Adams Counties, Taylor County Human Services – Suicide Awareness & Prevention programme, American Red Cross – Northwest Chapter, People Helping People (PHP) and Catkins Animal Rescue.

Prevail Bank recently publicly pledged $180,000 to the Farming for the Future Foundation (FFTFF) to support the construction of a Food + Farm Exploration Center at Stevens Point. Founded in 2018, Farming for the Future Foundation is a non-profit organization dedicated to educating current and future generations about agricultural innovation and sustainability.

Prevail Bank plans to donate $130,000 this year through its charitable giving program. Local beneficiaries in the past include the Imaginarium for children in Marathon County; local Habitat for Humanity efforts, workforce development programs through People Helping People, Northcentral Technical College and several workforce resource centers; and several United Way homeless shelters, domestic violence shelters, food supplies and programs.

Prevail Bank’s Charitable Contributions program is for local non-profit organizations that help local people in need, especially those on low- to middle-income people. Stimulate communities financially; and/or improve the standard of living of the less fortunate. (If an organization is interested in applying, go to: Prevail.bank/resources/community.)

In addition, an additional $100,000 is earmarked for sponsorship of community events that boost the economy, raise funds for other non-profit organizations and/or financial education programs in Prevail Bank’s service division.

A children’s Imaginarium check presentation from Prevail Bank. (Contributed photo)

Connect to Prevail Bank:

Opening hours Wausau:

Lobby opening hours

  • Monday – Friday: 8:30 a.m. to 5:00 p.m

arrival times

  • Monday – Thursday: 8:30 a.m. to 5:00 p.m
  • Friday: 8:30 a.m. to 5:30 p.m

Comments are closed.