Exhibit 10.3
                                 RIDGESTONE BANK
                             SPLIT DOLLAR AGREEMENT

     THIS  AGREEMENT is made and entered into this 20th day of October,  1998 by
and between Ridgestone Bank (the "Company"), and Paul Menzel.

                                  INTRODUCTION

     WHEREAS,  in  recognition  of the fact that Paul Menzel  ("Executive")  has
contributed  substantially  to the success of the  Company,  the  Company,  as a
fringe  benefit,  is willing to divide the death  proceeds  of a life  insurance
policy on the  Executive's  life. The Company will pay life  insurance  premiums
from its general assets.

                                    Article 1
                               General Definitions

The following terms shall have the meanings specified:

     1.1 "Insured" means the Executive.
     1.2 "Insurer" means Jefferson - Pilot Life Insurance Company.
     1.3 "Normal Retirement Date" means the Executive attaining age 70.
     1.4 "Policy" means insurance policy number JP5031953 issued by the Insurer.
     1.5  "Termination  of  Employment"  means  the  Executive's  ceasing  to be
     employed  by  the  Company  for  any  reason   whatsoever,   voluntary   or
     involuntary, other than by reason of an approved leave of absence.

                                    Article 2
                           Policy Ownership/Interests

     2.1  Company  Ownership.  The  Company  is the sole owner of the Policy and
shall have 


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the right to exercise  all  incidents  of  ownership.  The Company  shall be the
direct  beneficiary  of an amount of death  proceeds equal to the greater of (1)
the cash surrender  value of the policy,  or (2) the aggregate  premiums paid on
the Policy by the Company less any outstanding indebtedness to the Insurer.

     2.2 Beneficiaries Interest. The Executive shall have the right to designate
a  beneficiary  to receive  $540,000  of the net life  insurance  proceeds  (the
"Beneficiary").  The  Executive  shall  also have the right to elect and  change
settlement options that may be permitted.

     2.3 Option to Purchase.  The Company shall not sell,  surrender or transfer
ownership of the policy while this  Agreement is in effect  without first giving
the Executive or it's transferee, the option to purchase the Policy for a period
of sixty (60) days from written  notice of such  intention.  The purchase  price
shall be an  amount  equal  to the cash  surrender  value  of the  Policy.  This
provision shall not impair the right of the Company to terminate this Agreement.

                                    Article 3
                                    Premiums

     3.1 Premium Payment. The Company shall pay any premiums due on the Policy.

     3.2 Imputed Income.  The Company shall impute income to the Executive in an
amount equal to the current term rate for the  Executive's age multiplied by the
aggregate  death benefit payable to the  Executive's  beneficiary.  The "current
term rate" is the minimum  amount  required to be imputed under Revenue  Rulings
64-328 and 66-110, or any subsequent applicable authority.

                                    Article 4
                                   Assignment

     The Executive may assign without  consideration all interests in the Policy
and in this 

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Agreement to any person,  or entity.  In the event the Executive  shall transfer
all of it's interest in the Policies,  then all of the  Executive's  interest in
the Policies and in the Agreement shall be vested in it's transferee,  who shall
be substituted  as a party  hereunder,  and the Executive  shall have no further
interest in the Policy or in this Agreement.

                                    Article 5
                                     Insurer

     The Insurer  shall be bound only by the terms of the Policy.  Any  payments
the Insurer makes or actions it takes in accordance  with the Policy shall fully
discharge it from all claims,  suits and demands of all entities or persons. The
Insurer  shall not be bound by or be deemed to have notice of the  provisions of
this Agreement.

                                    Article 6
                                Claims Procedure

     6.1 Claims Procedure.  The Company shall notify the Beneficiary in writing,
within  ninety  (90)  days  of its  written  application  for  benefits,  of its
eligibility or noneligibility for benefits under this Agreement.  If the Company
determines  that the Executive or its assignee,  is not eligible for benefits or
full  benefits,  the notice  shall set forth (1) the  specific  reasons for such
denial,  (2) a specific  reference to the  provisions of this Agreement on which
the denial is based, (3) a description of any additional information or material
necessary for the claimant to perfect his or her claim, and a description of why
it is needed, and (4) an explanation of this Agreement's claims review procedure
and other  appropriate  information as to the steps to be taken if the Executive
or it's assignee  wishes to have the claim reviewed.  If the Company  determines
that  there  are  special  circumstances  requiring  additional  time  to make a
decision,  the Company shall notify the Executive or its assignee of the special
circumstances  and the date by which a decision is expected to be made,  and may
extend the time for up to an additional ninety-day period.

     6.2 Review Procedure. If the Executive or its assignee is determined by the
Company 


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not to be eligible for benefits,  or if the  Executive or its assignee  believes
that he or she is entitled to greater or different  benefits,  the  Executive or
its  assignee  shall have the  opportunity  to have such claim  reviewed  by the
Company by filing a petition for review with the Company  within sixty (60) days
after receipt of the notice issued by the Company. Said petition shall state the
specific reasons which the Executive or its assignee believes entitle him or her
to benefits or to greater or  different  benefits.  Within sixty (60) days after
receipt by the Company of the  petition,  the Company shall afford the Executive
or its  assignee  (and  counsel,  if any) an  opportunity  to present his or her
position to the Company orally or in writing,  and the Executive or its assignee
(or counsel) shall have the right to review the pertinent documents. The Company
shall notify the Executive or its assignee of its decision in writing within the
sixty-day period,  stating specifically the basis of its decision,  written in a
manner  calculated  to be  understood  by the  Executive or its assignee and the
specific  provisions  of this  Agreement  on which the  decision  is based.  If,
because of the need for a hearing,  the sixty-day period is not sufficient,  the
decision may be deferred for up to another  sixty-day  period at the election of
the Company,  but notice of this deferral shall be given to the Executive or its
assignee.

                                    Article 7
                           Amendments and Termination

The Company may amend this Agreement at any time prior to the Executive's  death
only with written  consent of the  Executive.  Either party may  terminate  this
Agreement at any time prior to the  Executive's  death by written  notice to the
other party.  This  agreement will  automatically  terminate upon the earlier to
occur of the  Executive's  Termination of Employment  (other than as a result of
Executive's death) or the Executive's Normal Retirement Date.

                                    Article 8
                                  Miscellaneous

     8.1  Binding  Effect.  This  Agreement  shall  bind the  Executive  and the
Company,   their  beneficiaries,   survivors,   executors,   administrators  and
transferees, successors and assigns, and


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any Policy beneficiary.  


     8.2 No Guaranty of Employment.  This Agreement is not an employment  policy
or contract.  It does not give the  Executive the right to remain an employee of
the Company,  nor does it interfere  with the  Company's  right to discharge the
Executive.  It also does not require  the  Executive  to remain an employee  nor
interfere with the Executive's right to terminate employment at any time.

     8.3  Applicable  Law.  The  Agreement  and all  rights  hereunder  shall be
governed by and  construed  according  to the laws of  Wisconsin,  except to the
extent preempted by the laws of the United States of America.

     8.4 Notice. Any notice, consent or demand required or permitted to be given
under the  provisions  of this Split  Dollar  Agreement  by one party to another
shall be in writing, shall be signed by the party giving or making the same, and
may be given either by delivering the same to such other party personally, or by
mailing the same, by United States  certified  mail,  postage  prepaid,  to such
party,  addressed to his/her  last known  address as shown on the records of the
Company.  The date of such  mailing  shall  be  deemed  the date of such  mailed
notice, consent or demand.

     IN WITNESS  WHEREOF,  the parties have executed this  Agreement the day and
year first above written.

EXECUTIVE:                   COMPANY:
Paul Menzel                  Ridgestone Bank

By:  /s/ Paul Menzel         By:  /s/ William R. Hayes
                                  Title:  Vice President, Cashier and Controller