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Toxic Assets Plan Could Benefit M&I
Posted on March 24th, 2009 No commentsFinancial stock analysts from Morgan Stanley in New York City issued a report that Milwaukee-based Marshall & Ilsley Corp. is one of five regional banks that stand to be the biggest beneficiaries of President Barack Obama’s plan to buy toxic assets, according to the Business Journal of Milwaukee.
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FDIC Creates Community Bank Advisory Group
Posted on March 24th, 2009 No commentsThe FDIC is creating an advisory committee that will work on issues unique to community banking. The FDIC made the announcement on March 16 when Paul Nash, a former counselor to Sen. Tim Johnson of South Dakota, was named FDIC deputy for external affairs. Chairman Sheila Bair mentioned the new advisory committee in her speech at the ICBA convention in Phoenix. Read more on the NorthWestern Financial Review blog.
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Securant Bank Adds Trust Services
Posted on March 24th, 2009 No commentsMilwaukee-based Securant Bank & Trust’s wealth management division, launched last December, recently added trust services to its portfolio. Securant does not have a specific net worth its clients must have, but the bank assumes that it will see many investors with a $300,000 to $1 million net worth, the Milwaukee Small Business Times reported.
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First Business Plans Green Bay Office
Posted on March 24th, 2009 No commentsMadison-based First Business Financial Services Inc. will open a new loan production office in Green Bay on April 1. The new office will be part of the bank’s First Business Bank-Northeast group. Based in Appleton, the group also has a loan production office in Oshkosh, the Milwaukee Small Business Times reported.
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Citizens Community Buys Back Stock
Posted on March 24th, 2009 No commentsThe parent company of Eau Claire’s Citizens Community Federal Bank has completed its stock repurchase plan, buying back 12 percent of its shares, the Milwaukee Journal Sentinel reported.
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Five Bank Jobs Still in Demand
Posted on March 23rd, 2009 No commentsDespite a rising number of home foreclosures and loan defaults, the market remains steady for many banking positions. There is a growing demand for mortgage loan originators, collection specialists, credit risk analysts, commercial relationship managers, and fraud specialists. Read the story in the Green Bay Press-Gazette.
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Stocks Rise in Response to Bank Plan
Posted on March 23rd, 2009 No commentsStocks of financial institutions led the Dow Jones industrial average almost 500 points higher after Treasury Secretary Timothy Geithner said the government will team up with private investors to purchase bad assets and get them off the balance sheets of banks. Read more in the Milwaukee Journal Sentinel.
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10 Sectors Point to Better Economy Ahead
Posted on March 21st, 2009 No commentsStocks, housing inventories, manufacturing, oil prices – these are among the 10 areas that indicate better economic times lie ahead, according to local business professionals and advisers. Read the Milwaukee Journal Sentinel article.
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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.