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Anchor CEO to Retire
Posted on February 9th, 2009 No commentsDouglas Timmerman will step down later this year as chairman and chief executive of Madison-based Anchor BanCorp Wisconsin Inc. after 17 years as the bank’s top leader. He will remain a director of the bank. In addition, Anchor has created the new position of lead director and appointed David L. Omachinski to fill that role, the Milwaukee Journal Sentinel reported.
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Associated to ‘Be Aggressive’
Posted on February 9th, 2009 No commentsPaul Beideman, chairman and chief executive officer of Associated Banc-Corp, described what the bank has done after receiving $525 million last fall from the federal Troubled Asset Relief Program in an interview with the Wisconsin State Journal.
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U.S. Bank Cutting Costs
Posted on February 9th, 2009 No commentsSome U.S. Bank employees could face reductions in pay or hours this month as the bank tries to trim expenses 5 percent amid the recession and a difficult environment for financial institutions, the Milwaukee Journal Sentinel reported.
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Association: Banks Here Strong
Posted on February 9th, 2009 No commentsThe media too often confuses Main Street depository banks that are insured by the Federal Deposit Insurance Corporation with non-bank subprime lenders and Wall Street investment banks, writes Wisconsin Bankers Association President Kurt Bauer in a Wisconsin State Journal editorial.