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Equitable Bank

100% Local

701 Trailview ct
Waterford , WI 53185 (view map)
Phone: (262) 534-5161 FAX: (262) 534-5160 Hours:

Mon – Thur 9 am – 5 pm
Fri 9 am – 6 pm
Sat 9 am – 12 pm
Close Sun

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The Equitable Bank’s history started over 100 years ago, when a hard-working German immigrant, fled the Chicago fire and came to Milwaukee looking for work. In 1878, Charles Pittelkow started his own insurance business with the focus of helping fellow immigrants buy homes. People brought their savings to “Honest Uncle Charlie,” as he was known, for safe keeping until they saved enough to buy steam ship tickets to bring their loved ones to America. In turn, the money deposited allowed Charlie to provide mortgage loans so people could realize the dream of owning their own home.

Equitable continued to be a family run business for many years. In the mid-nineteen twenties, Charles’s son R.J. became president, expanded the lending portion of the business and on May 24, 1927, The Equitable Savings and Loan was formed. In 1941 Robert C. Pittelkow, son of R.J., became president. Then in 1982 Robert’s son Charles R. Pittelkow, succeeded him as president. Charles remains the Chairman of the Board today.

In December of 2002, John Matter became President and Chief Operating Officer and was promoted again in 2004 to Chief Executive Officer. John has been an employee of the bank since 1980 in various roles. Together with the executive team, John has led The Equitable Bank to become one of Milwaukee's premier mortgage lenders.

The Equitable Bank’s primary purpose today is the same as it was in 1900’s – helping people buy their own home and being a trusted place for people to save their hard earned money.

Being A Mutual:

Equitable is a full-service community bank but at its core, it is a mutual savings bank. Being a mutual means that we are a non-stock financial institution. We are built on pledged deposits that enable us to lend at competitive rates.

What does that mean for our customers and our community? As a mutual saving bank, we can concentrate on the long-term needs of the community and our customers without worrying about short-term returns and stockholder earnings. We are committed to the financial health of our customers and community. Being a mutual allows us to remain focused on our original goal - home ownership and wealth accumulations for our customers.


We understand people have many options when it comes to choosing a bank. Here at Equitable, we strive to offer our customers the best mix of account features, competitive interest rates, and personalized customer service that is second to none. Our staff of experienced personal bankers is here to help you find the best fit for your financial needs.



For over 85 years, we have helped finance the homes of thousands of our friends and neighbors throughout southeastern Wisconsin. Today, we are among the top mortgage lenders in the area. We have built our reputation on providing our customers with some of the lowest rates in town combined with personal service delivered by our expert Loan Officers.



Running a business is hard work. You deserve a bank that understands that. Our business banking team makes sure that your day-to-day banking is easy and worry-free. At The Equitable Bank we help you work smarter so you can focus on your dreams.


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