Relief Programs

At Denmark State Bank, our community roots run deep and we have weathered many storms in our 110-year history. Now, more than ever, we remain committed to supporting our customers and communities as they navigate this uncertainty. We understand some of our customers might need assistance at this time. If you are experiencing a financial hardship, please reach out to us at 920-863-2161, we’re here to help.

Everyone’s needs are different, but below are a few steps we’re taking to provide relief assistance. Please call and talk to a banker regarding your specific needs.


Pandemic Assistance Loans (PAL)

This program provides qualified consumers with up to $10,000, unsecured, at a low interest rate of 5.99% APR with no payment for 90 days.  Repayment will be for 36 months and loans will be made available based on the most current monthly income – even if an individual has been laid off or lost their job after March 15, 2020.

Annual percentage rate is accurate as of 04/01/2020. Payment for each $1,000 borrowed on a loan would be $30.43 monthly, if optional deferral is not accepted. Allows for first payment due date 90 days from origination. There will be a minor adjustment to fixed payment amount for borrowers taking advantage of deferred first payment due date, to fully amortize loan. Loan amount is capped at two-times applicant(s) gross monthly income. Must have a Denmark State Bank Checking account (new or existing). Loans subject to qualifications. Subject to change without notice.



Certificate of Deposit (CD) Withdrawal

Starting April 1, 2020, for a period of 90 days, we are eliminating the early withdrawal penalty for up to a $10,000.00 withdrawal from a Denmark State Bank CD that has not yet reached maturity. This offer is limited to one withdrawal per customer.

Withdrawals from an IRA CD may be subject to separate IRS penalties and are not covered by this program, consult your tax advisor.


Fee Eliminations and Reductions

Finally, for a period of 90 days, starting April 1, 2020, we will:

  • Eliminate excess transaction fees from savings and money market accounts
  • Eliminate the excess transaction fees from Reserve Series accounts
  • Eliminate less than minimum balance fees on business checking , money market and savings accounts
  • Eliminate checking line of credit advance fees
  • Eliminate returned deposit item fees
  • Eliminate overdraft transfer fees
  • Reduce overdraft fees from $35.00 to $10.00
  • Reduce Choice Checking monthly service charge from $4.00 to $2.00
  • Waive all loan late fees

Late payments may adversely affect your credit. If you are not able to make your regularly scheduled payment, please contact your banker.