Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Cudahy Credit Union Closed
Posted on March 3rd, 2009 No commentsCiting a “management issue,” the Wisconsin Office of Credit Unions took control of Prime Financial Credit Union in Cudahy, dismissing its board of directors and appointing Chris Dawe, a recently hired interim president, as its agent to conduct the credit union’s business. Read the article in the Small Business Times.
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TCF: So Long, TARP
Posted on March 3rd, 2009 No commentsMinnesota-based TCF Bank has filed to repay $360 million in TARP preferred stock, according to the NorthWestern Financial Review blog. “We believe participation in TARP has created a competitive disadvantage for TCF,” said Chairman Bill Cooper. Another entry on the blog describes how taking federal funds is a “high visibility decision.”