First Citizens State Bank Joins Cetera Financial Network

First Citizens State Bank Joins Cetera Financial Network

A well-established bank, known for its long-standing history, is taking bold steps to enhance its investment services. Firstly, it's essential to recognize that First Citizens State Bank has a rich legacy of 161 years, making it a significant player in the financial industry.

New Partnership Announcement

Cetera Financial Group recently announced that First Citizens State Bank has entered into a network agreement with Cetera Financial Institutions. This collaboration aims to bolster and expand First Citizens' investment program known as First Citizens Investment Services, allowing the bank to leverage Cetera's extensive resources.

A Legacy of Trust

First Citizens State Bank was founded shortly after the National Banking Act of 1863 and is based in Whitewater, Wisconsin, with approximately $465 million in assets as of late 2024. This institution has overcome historical challenges, such as merging with Citizens State Bank in 1931 after the Great Depression, showcasing its resilience.

Innovative Customer Service

LeAnn Rummel, president and CEO of Cetera Investment Services, expressed enthusiasm about this newly formed relationship, stating, "We are pleased to welcome a bank with as rich a legacy as First Citizens State Bank to the Cetera family." This underscores their commitment to serving clients with excellence and integrity.

Expanding Investment Solutions

Nate Parrish, president of First Citizens State Bank, noted, "In Cetera, we've found the same excellent customer service and experience that we expect to pass down to our own clients." This partnership is intended to provide the exceptional service that clients not only expect but deserve, thanks to Cetera's advanced technology and reliable support systems.

Cetera Financial Institutions Overview

Cetera Financial Institutions operates as a community within Cetera, providing support to over 450 banks and credit unions in growing their investment programs. As of 2024, Cetera Investment Services is celebrating its 40-year anniversary, showcasing its long-term commitment to the industry.

A Track Record of Success

This year, Cetera has successfully signed nearly 70 renewals, demonstrating their exceptional retention rate of 99 percent amongst all partner institutions. This speaks volumes about their reputation in the financial sector.

About Cetera Financial Group

Cetera Financial Group consists of a network of independent firms, enabling financial professionals and institutions to thrive. Serving approximately 12,000 financial professionals and managing over $545 billion in assets under administration, Cetera is a powerhouse in the financial advisory space.

Commitment to Advisor Satisfaction

With a robust adviser satisfaction program that includes feedback from nearly 35,000 reviews, Cetera's Voice of Customer initiative maintains a stellar rating of 4.8 out of 5 stars. This reflects their dedication to advisor success and satisfaction, cornerstones of their operational philosophy.

Cetera continues to evolve and adapt, ensuring that their partners, like First Citizens State Bank, have the necessary support and tools to navigate the changing financial landscape. In doing so, they enable their affiliates to provide optimal service to their clients, reinforcing the foundations of trust and excellence.

Frequently Asked Questions

What is the significance of the partnership between First Citizens State Bank and Cetera?

This partnership enhances First Citizens' investment program, First Citizens Investment Services, by leveraging Cetera's extensive resources and support systems.

How long has First Citizens State Bank been in operation?

First Citizens State Bank has a proud legacy of 161 years, being founded shortly after the enactment of the National Banking Act of 1863.

What is Cetera Financial Group's focus?

Cetera Financial Group serves as a premier financial advisor Wealth Hub, supplying both advisors and institutions with essential tools and support to thrive.

What is Cetera's advisor satisfaction rating?

Cetera's Voice of Customer program reports a 4.8 out of 5 stars rating, based on nearly 35,000 reviews, reflecting their commitment to advisor satisfaction.

How many assets does Cetera manage?

Cetera manages over $545 billion in assets under administration, illustrating their significant presence in the financial advisory market.

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