Review on Thebankofnewglarus

This review examines the website of The Bank of New Glarus, found at thebankofnewglarus.bank. The site presents itself as a full‐service banking institution, offering personal banking, business banking, mobile banking via an app, wealth management services, and branch locations in Wisconsin. For example, publicly available regulatory data confirms the bank was established in October 1893, has assets of around US $776 million and deposits of about US $602 million.
The claims of the bank appear consistent with those of an established community bank: local branches, a mobile app, online banking.
However, you asked whether the site is a scam. In reviewing the available evidence, I found no strong indication that the website is a typical “scam”—rather, the data suggests it is a legitimate bank—but some caution remains appropriate (as with any financial institution).
In what follows I outline key points, pros & cons, a detailed “post section” analysing legitimacy, and a final conclusion.

More Details

After reviewing publicly available data and assessing the website, I conclude that the website for The Bank of New Glarus is legitimate, rather than a scam. Here is a detailed breakdown of why:

1. Regulatory data exists and is consistent

   • The bank is listed in a regulatory call report database with the ID RSSD: 797140, under assets of ~$776 million and deposits of ~$602 million. visbanking.com

   • It is identified as a “commercial bank, state charter, Fed non-member, supervised by the FDIC” in that database. visbanking.com

   • It is referenced in business directories as an independent community bank with branches. Lafayette County WI
     These things would not typically be present for a scam.

2. Domain and online presence align with the bank’s name

   • The website uses thedomain thebankofnewglarus.bank, which strongly suggests this is the legitimate domain for the institution.

   • The mobile app listing on Google Play identifies the developer as “The Bank of New Glarus” and links to the same domain. Google Play

   • Social presence (Facebook page) exists. Facebook
     These points increase the confidence the website is real.

3. Physical branch network and local history

   • According to description, the bank serves the communities of New Glarus and surrounding counties, indicating it is rooted locally. Lafayette County WI+1

   • Being established in 1893 implies longstanding operations—not a new “fly-by-night” online bank. visbanking.com+1
     The presence of physical branches mitigates typical scam risk (which often poses as “online only” with no traceable location).

4. Public transparency of finances

   • The financial summary page shows assets, deposits, location, regulator info. These kinds of disclosures are typical of regulated banks. visbanking.com

   • If it were a scam, such transparency would likely be missing or fabricated without backing.

5. Mobile app presence and user reviews

   • The app listing includes real user reviews (4.5 stars) and record of active downloads. Google Play

   • While some reviews note minor issues (alerts not working) this is very typical of real banks, not of scam sites (which usually have no legitimate app or very limited download reviews).

6. No clear indicators of scam behaviour found

   • My search did not turn up major warnings, alerts from consumer protection agencies, or known phishing reports specific to this website.

   • The site’s claims are consistent with what the bank is known to do (community banking) rather than making unrealistic promises.
     Taken together, the evidence strongly supports the site being a genuine bank’s website.

Caveats / Why caution is still wise

• Even legitimate banks can be imitated. It is important to verify the URL, SSL certificate, contact the bank directly if in doubt.

• If you are being solicited by someone claiming to represent the bank (especially outside Wisconsin) via email/phone/text asking for credentials or money, treat with caution.

• Ensure that any deposits you make are covered by FDIC or state deposit insurance (verify the insurance status).

• Confirm that you are eligible for the bank’s services (some smaller banks restrict accounts to local residents or specific states).

• Keep your login credentials secure and watch out for phishing.

In summary: the site appears legitimate, not a scam. That said, always exercise standard banking due diligence as you would with any institution.