History
In 1945, a group of area business owners pooled their resources together to establish a bank in Stuart, Nebraska.
At the recommendation of then-Governor Dwight Griswold, the group partnered with Rushville Banker-Attorney Joseph G. Brewster and his wife, Vera, to own and manage the newly formed institution, The Tri-County Bank (TCB). In 1967, bank management transitioned to Donald and Sally (Brewster) Schmaderer, who purchased the bank in 1979.
In 1968, Joe and Vera purchased the Butte State Bank. Dennis and Jane Brewster managed the bank and then purchased it in 1979. Craig and Tammy Brewster returned to the area in 1989 to manage the bank, and they purchased it in 1999.
In 2026, The Tri-County Bank acquired Butte State Bank and merged operations under the TCB name. The bank is currently owned and operated by the family’s third and fourth generation of community bankers. Jon Schmaderer (President & CEO), Nancy Steinhauser (Chief Risk Officer), Joel Steinhauser (Chief Operations Officer), Tate Schmaderer (Ag & Business Banking Manager), and Claire Steinhauser (Operations Assistant) all serve critical roles in the bank’s day-to-day management.
TCB directly serves North Central, Nebraska and South Central, South Dakota with offices in Stuart, Atkinson, Bassett, O’Neill, Butte, and Spencer.
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TCB Time-Line
- 1945 - November 17, 1945 – The bank started this historic day in Stuart, NE with $40,000 in capital and ended the day attracting just over $110,000 in new deposits. After day one, the bank’s asset size was $153,025.
- 1946 – At the first annual board meeting held in January, the bank agreed to purchase the Criss-Nelson Insurance Agency and began offering insurance services.
- 1968 – TCB owners Joe and Vera Brewster acquire the Butte State Bank in Butte, NE, managed by Dennis and Jane Brewster
- 1971 – Dennis and Jane Brewster acquire Butte State Bank from Joe and Vera Brewster
- 1978 – June 30, 1978 – The bank’s asset size was $8,600,000
- 1978 – Second generation owners Donald and Sally Schmaderer acquire TCB from Joe and Vera Brewster.
- 1980 – July 31, 1980 - The bank’s asset size was $11,170,000
- 1981 – Butte State Company starts Butte State Agency to provide insurance services
- 1985 – TCB's 40th anniversary and the height of the agriculture crisis - the bank's asset holdings as of December 31,1985 were $18,750,000.
- 1990 – July 31,1990 - The bank’s asset size was $24,340,000
- 1994 – TCB begins offering long term fixed-rate home mortgage services to help assist local communities in retaining and attracting existing and new people to the area.
- 1995 – TCB's 50th Anniversary. As of December 31,1995, the bank's asset size was $30,300,000.
- 1996 – The bank begins offering retail investment services (non-FDIC insured) under the trade name, Tri-County Financial Center.
- 1998 – TCB's First Loan Production Office (LPO) opens in Newport, NE along with a drive-thru ATM.
- 1998 – TCB awarded the prestigious Governors Arts Award for outstanding leadership and support of local Arts Councils.
- 1999 – TCB award the Small Business Administration’s “Heartbeat Bank Award” for outstanding leadership in support of local communities in North Central Nebraska.
- 1999 – Craig and Tammy Brewster acquire Butte State Bank from Dennis and Jane Brewster
- 2000 - TCB offers a full-service drive-thru ATM in Atkinson, NE
- 2000 - TCB purchases a banking facility in Bassett, NE from First National Bank in Ainsworth. The bank starts operating as the Bassett LPO and Tri-County Insurance Agency.
- 2000 – December 31, 2000 - The bank’s asset size was $42,300,000
- 2003 – The bank purchases the Hasch-Weber Agency in Bassett, NE and expands its insurance agency within the Bassett LPO.
- 2005 – December 31, 2005 - The bank's asset size was $49,900,000.
- 2005 – New branch banking laws in Nebraska allow for TCB's first full-service branch to open thereby becoming TCB-Atkinson.
- 2008 – The Bassett LPO is converted to full-service banking to become TCB-Bassett.
- 2010 – The bank purchases the former TierOne Bank building in O'Neill, NE.
- 2010 - December 31, 2005 - The bank's asset size was $76,150,000.
- 2011 – The bank retires The Tri-County Insurance Agency and Tri-County Financial Center trade names and now markets its non-traditional products and services through its new affiliate named Community Wealth Specialists, LLC.
- 2011 – The bank expands Community Wealth Specialists, LLC to O’Neill.
- 2013 – TCB retires the LPO in Newport, NE.
- 2013 – On August 5, 2013 the O'Neill LPO converts to full-service banking and becomes TCB-O'Neill.
- 2015 – TCB – Atkinson awarded the Atkinson Chamber of Commerce “Above and Beyond” award for outstanding support of the local Chamber.
- 2015 – December 31, 2015 - The bank’s asset size is $107,600,000
- 2016 – TCB awarded O’Neill FFA’s Honorary Chapter Degree for its high level and continuous support of the Chapter.
- 2019 – TCB receives Federal Home Loan Bank’s prestigious Community Leader Award
- 2020 – December 31, 2020 - The bank’s asset size $164,000,000
- 2021 – TCB delivers over 1,000 individual loans and $17,700,000 in PPP loans to our communities during the Covid-19 pandemic.
- 2021 – Jon Schmaderer, Nancy (Schmaderer) Steinhauser, and Sue Anne (Schmaderer) Philson aquire bank from Don (Sally Brewster) Schmaderer
- 2025 – December 31, 2025 - The bank’s Asset size is $243,600,000
- 2026 – April 7, 2026 - The Tri-County Bank acquires Butte State Bank with bank locations in Butte, NE and Spencer, NE and Butte State Agency. The bank’s total combined assets are $295,000,000
- 2026 – TCB acquires property in Ainsworth, NE for the purpose of providing full-service banking and ATM services.
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Our History-Your Future
Our unique history is the basis for an exciting future. You see, a bank built by the community, for the community is different. It's a bright future for rural America and we understand our responsibility to you and to your community. That's why we are dedicated to "Building your future...together."