CEO, Legacy Bancorp, Inc.
Deloris “Dee” Sims is the President of Legacy Bancorp, Inc. and the co-founder and former President of Legacy Bank, which was the first African-American, women owned, chartered bank in the state of Wisconsin. After retiring from 28 years of working at Firstar Bank in Milwaukee where she held several positions from a par-time teller to Vice President and Business Banker (managing business development for the bank’s five central city branches in Milwaukee), Dee along with two other local high profile black female entrepreneurs raised over $6 million to started Legacy Bank in 1999.
Dee’s reputation, expertise, and long term banking relationships within Milwaukee allowed her and her business partners to raise the majority of the necessary capital from the African-Americans community to start Legacy Bank. This enabled the bank to maintain a majority of the bank’s voting shares within the minority community. During the bank’s 11 years of operation, it grew from a minority owned neighborhood serving financial institution to a bank with assets well over $222 million and recognized by Black Enterprise Magazine as one the nation’s top black owned banks. During her tenure as the bank’s president, Legacy Bank established the Legacy Foundation, Wisconsin’s largest African-American private foundation.
Dee’s has served the Milwaukee community, the State of Wisconsin and the nation in many leadership capacities by serving on committees and boards for organizations like the Milwaukee Art Museum, YWCA of Metropolitan Milwaukee, Jared Bruce Academy, Friends of the House of Peace, Next Door Foundation, the Great Lakes Scholarship Fund, State of Wisconsin Investment Board, Milwaukee Economic Development Corporation Loan Committee, City of Milwaukee Revolving Loan Committee, Wisconsin Urban Bankers Association as founder and past President and the Regional Director of the National Bankers Association.
Dee’s outstanding leadership has earned several awards like the Financial Services Advocate of the Year in 1994 sponsored by the Small Business Administration, recipient of the first-ever Wisconsin Governor’s Financial Literacy Award, winner of the 2003 Ernst & Young Entrepreneur of the Year in Financial Services Award, nominated by Fannie Mae in Washington, D.C. to serve on the National Housing Council for 2006-2007, and was also presented with an award for Women Putting Their Stamp on Milwaukee through the U.S. Postal Service of Milwaukee.
Dee has completed the Moore School of Business Graduate School of Bank Investment and Financial Management curriculum at the University of South Carolina and the College of Business Kohler Center for Entrepreneurship Owner-Manager Program at Marquette University. Dee is married and has two daughters and one grandson who is the 2015 National Ambassador for the March of Dimes.