-
Town Bank Parent Gets Govt. Boost
Posted on December 19th, 2008 No commentsWintrust Financial Corp. in Lake Forest, Ill., the parent company of Delafield-based Town Bank, has received $250 million investment through the U.S. Treasury’s program to boost capital levels at banks, the Milwaukee Journal Sentinel reported.
-
Mortgage Applications Multiply
Posted on December 19th, 2008 No commentsFalling interest rates have boosted the number of mortgage applications at some Kenosha-area banks this week. Steve Steiner, senior vice president with North Shore Bank, said their mortgage business has been up three to four times, in the “tens of millions of dollars” range, compared to before. “This usually isn’t the time when people are thinking about buying or refinancing a home,” he said in theKenosha News.
-
Wells: Recession Will End in ’09
Posted on December 19th, 2008 No commentsThe deepest and longest recession since the 1930s will end in the second half of 2009, according to Wells Fargo & Co. economists. The third quarter of next year will be “better than expected” by many, said chief investment strategist Jim Paulsen in the Business Journal of Milwaukee.