CIB Marine Bancshares, Inc. is a bank holding company with its principal executive offices in Waukesha, Wisconsin, a suburb of Milwaukee.
CIB Marine Bancshares, Inc. was originally incorporated in the State of Illinois in 1985 as Sidney Bancorporation, Inc., a one-bank holding company headquartered in Sidney, Illinois. In September 1987, a group of investors acquired Sidney Bancorporation and subsequently changed its name to Central Illinois Bancorp, Inc. On August 27, 1999, Central Illinois Bancorp reincorporated as a Wisconsin corporation and changed its name to CIB Marine Bancshares, Inc.
CIB Marine Bancshares, Inc. owns and operates CIBM Bank, which operates as "Marine Bank" in its Indiana and Wisconsin markets, "Central Illinois Bank" in its central Illinois market, and "Avenue Bank" in its Chicagoland market. The Avenue Mortgage division of the bank, located in Naperville, Illinois, serves all CIBM Bank markets.
CIBM Bank offers a full array of traditional banking services, including a broad range of loan products, such as commercial loans, commercial real estate loans, commercial and residential construction loans, one-to-four family residential real estate loans, consumer loans, and commercial and standby letters of credit; acceptance of demand, savings and time deposits; commercial paper and repurchase agreements; and other banking services.