First Federal Bank of Wisconsin announced that it would donate the branch office at 134 Wisconsin Ave. in downtown Waukesha to La Casa de Esperanza, effective July 1.
La Casa de Esperanza plans to use the building to expand their Center for Financial Stability. The program provides employment training, financial education and counseling services and free tax assistance to low-income individuals.
“This is a great opportunity to help La Casa grow their Center for Financial Stability and is a perfect way for us to support our local community and pay it forward to members of the community that need it most,” said Edward H. Schaefer, president and CEO of First Federal Bank.
“We’re honored to accept this gift from First Federal Bank," said Anselmo Villarreal, president and CEO of La Casa. "This is a tremendous opportunity to expand financial literacy in Waukesha. This new location will help us grow our free tax assistance program substantially next year."
La Casa is planning some small remodeling projects to the building before the grand opening of the new facility, which is planned for early August. Details of the grand opening will be available in July.
Over the last few years, First Federal has been using the Wisconsin Avenue facility primarily as administrative offices and will be moving their operations to the company's Racine Avenue branch.
The First Federal Bank building has been a fixture of downtown Waukesha since it was built in the late 1950s. The 4,000-square-foot building has been remodeled and updated several times over the years.