Wisconsin Banking Update
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CIB Marine’s Future in Question
Posted on April 12th, 2009 No commentsCIB Marine Bancshares Inc. said in a series of regulatory filings over the past several months that it wants holders of its trust-preferred securities, which were issued earlier this decade to finance the bank’s growth, to accept preferred stock in exchange for the securities — a move that would bring badly needed capital to the bank holding company, according to the Milwaukee Journal Sentinel.