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Park Bank Receives TARP Funds
Posted on March 11th, 2009 No commentsThe parent company of Madison’s Park Bank has received $23.2 million from the U.S. Treasury’s Capital Purchase Program, making it the 11th Wisconsin bank to receive TARP money, the Milwaukee Journal Sentinel reported.
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Feds Require ‘Stress Tests’
Posted on March 11th, 2009 No commentsNo Wisconsin-based financial institutions are on the list of the 19 banks ordered by regulators to undergo “stress tests” – but several banks that do business and maintain offices here, including U.S. Bank and Wells Fargo, will be part of the analysis conducted by the Treasury Department. Read The Capital Times article.
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Wells’ CEO Pay Up 10%
Posted on March 11th, 2009 No commentsWells Fargo & Co. CEO John Stumpf earned $13.8 million in 2008, 10 percent more than the $12.6 million he received in 2007, The Business Journal of Milwaukee reported.
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Turning Away from TARP
Posted on March 11th, 2009 No commentsA growing number of banks are deciding that the negative publicity and scrutiny that come with participation in the U.S. Treasury’s Troubled Asset Relief Program just aren’t worth the trouble. Read the Small Business Times article.