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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Associated Earnings Fall 47%
Posted on April 16th, 2009 No commentsAssociated Banc-Corp reported that profits fell almost 47 percent in the first quarter and that it is cutting its dividend by 27 cents. At the same time, the bank more than quadrupled its quarterly allocation to reserves for potential loan losses, adding $105.4 million, according to the Milwaukee Journal Sentinel.
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More Bad News for Marine Bank
Posted on April 16th, 2009 No commentsCIB Marine Bancshares Inc. revealed in regulatory documents that Marine Bank, one of its two bank subsidiaries, soon will be under orders by federal and state regulators to deal with bad loans, maintain adequate capital and improve other business practices, raising doubts that the company will be able to stay in business, the Milwaukee Journal Sentinel reported.