Dave Borchardt: CFO of the Year

Commerce State Bank CFO/COO and co-founder Dave Borchardt is surrounded by bank employees at the C-Suite Awards event that drew more than 450 business executives to The Pfister Hotel’s grand ballroom Sept. 6.   Photo by Scott Paulus

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Tuesday, September 24, 2019

Commerce State Bank CFO recognized with C-Suite Award

CEDARBURG — Commerce State Bank CFO and co-founder Dave Borchardt was selected as a winner of The Milwaukee Business Journal’s annual “CFO of the Year” C-Suite Awards. The award recognizes six Milwaukee-area chief financial officers who are making a difference within their companies and communities throughout southeastern Wisconsin. The Milwaukee Business Journal received hundreds of nominations and the MBJ editors selected the winners.

“Dave is a passionate, creative leader of Commerce State Bank,” said Joe Fazio, CEO and co-founder of Commerce State Bank. “He has developed and skillfully led the bank’s financial strategies from start-up, through the financial crisis and rapid-growth periods to $700 million in assets, with a profit in every full calendar year in business.”

Borchardt is the founder of the Random Lake Advantage Committee that is a subsidiary of the Sheboygan County Economic Development organization. He serves his industry as a member of the Wisconsin Business Development Corporation Loan Committee and its Market Development Committee.

Borchardt, his father and brothers were diagnosed with retinitis pigmentosa, and they raised $162,000 to support Wisconsin’s Vision Walk, with proceeds going to the Foundation Fighting Blindness. He inspires many to never give up or lose hope.

Opened in August 2005, Commerce State Bank is a full-service state-chartered bank headquartered in West Bend, with additional offices in Cedarburg, Elm Grove and Sheboygan.


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