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Banks to Report Small Business Loans
Posted on March 20th, 2009 No commentsTreasury Secretary Timothy Geithner said the administration will require the 21 largest banks that have received government funds through the Troubled Asset Relief Program to report how much small business lending they do every month. Treasury will also ask banking regulators to require all banks to report their total lending to small businesses every quarter, instead of just once a year. Read the Business Journal of Milwaukee article.
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M&I Execs Resolve to Rebound
Posted on March 20th, 2009 No commentsIn a letter to shareholders mailed March 13, Marshall & Ilsley Corp. executives acknowledge that M&I lost its standing as an industry leader in credit quality and said they’re strengthening the way M&I analyzes loan risks, according to the Business Journal of Milwaukee.
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Rural Bankers See Bright Spots
Posted on March 20th, 2009 No commentsRural bankers in 11 Midwest and Plains states say there are some bright spots in the economy. The bankers who responded to the monthly Rural Mainstreet survey cited small increases in farmland prices, new hiring and banking activity in March. Read the Associated Press article.
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Blackhawk Bank Signs On for CPP
Posted on March 20th, 2009 No commentsThe parent company of Beloit’s Blackhawk Bank has become the 12th Wisconsin bank to receive an investment from the U.S. Treasury. The government bought $10 million in preferred stock from Blackhawk Bancorporation Inc. through the Treasury’s Capital Purchase Program, the Milwaukee Journal Sentinel reported.