Prairie Financial Group: Promotes Schultz

Contact: Stephanie Ohlfs
Marketing Director – Waukesha State Bank
(262) 549-8540 // [email protected]

Prairie Financial Group® Promotes Schultz to President & Chief Fiduciary Officer

WAUKESHA, Wis. (December 15, 2015) — Prairie Financial Group®, a division of Waukesha State Bank, is pleased to announce the promotion of Victor Schultz to president & chief fiduciary officer. In his new role, Schultz will oversee all day-to-day management of the division, including personal trust services, retirement plan services, investment management and operations.

“We are extremely pleased to have Victor move into this position and continue to build on the solid foundation that’s been established at Prairie Financial Group,” stated Ty R. Taylor, president & chief executive officer of Waukesha State Bank. “His unparalleled expertise in personal trust, fiduciary litigation, estate settlement, not-for-profit fiduciary services, IRAs and retirement planning make him a perfect fit.”

Schultz joined Prairie Financial Group in November of 2013 as senior vice president and head of personal trust, coming from BMO Private Bank where he was vice president and U.S. estate planning specialist. Prior to BMO’s acquisition of Marshall & Ilsley Bank, Schultz managed the personal trust and not-for-profit services legal department and estate settlement services group at Marshall & Ilsley Trust Company.

Schultz has been one of the leaders in modernizing and rewriting Wisconsin’s laws on trust, including the Wisconsin Trust Code, Wisconsin Principal and Income Act and the Wisconsin Prudent Investor Act. He served as co-chair of the study group that drafted and enacted the Wisconsin Trust Code in December of 2013. He is a leading advocate for corporate trustee business in Wisconsin and serves as a director of the Wisconsin Bankers Association Trust Banking Section and WBA Government Relations Committee. He also serves on the boards of the Ellinger Foundation, the Children’s Hospital Planned Giving Council and the Life Navigators Trust Committee.

Schultz earned his juris doctorate from Marquette University Law School and a bachelor of business administration in accounting from the University of Wisconsin-Madison. He and his family currently reside in Brookfield.

Prairie Financial Group, a division of Waukesha State Bank, is the premier fiduciary-focused administrative trust company in Wisconsin specializing in personal trust services, retirement plan services, investment management and not-for-profit services. Prairie Financial Group also includes an Advisor Friendly Alliance that works with financial advisors in providing customers seamless trust and qualified plan services that integrate with, and enhance, their product offerings. For more information on Prairie Financial Group, visit

Founded in 1944, Waukesha State Bank is one of the largest locally owned and independent community banks in Wisconsin, with full-service offices in Brookfield, Delafield, Mukwonago, Muskego, New Berlin, Oconomowoc, Pewaukee, Sussex and Waukesha. For more information, visit,