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TCF Bank Repays TARP Funds
Posted on April 22nd, 2009 No commentsWayzata, Minn.-based TCF Financial Corp has become the eighth company to repay money to the government’s Troubled Asset Relief Program. The bank repaid a $361.2 million capital infusion that the bank’s CEO said put the bank at a competitive disadvantage. Read the Reuters article.
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Associated Shareholders Speak Up
Posted on April 22nd, 2009 No commentsShareholders let Associated Banc-Corp management know they aren’t pleased about the bank’s decision to cut the quarterly dividend from 32 cents to 5 cents and pressed for information on when it might be raised or restored, the Milwaukee Journal Sentinel reported.
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Venture Capital Drops to 10-Year Low
Posted on April 22nd, 2009 No commentsVenture capital investing in the U.S. has dropped to its lowest level in more than 10 years, according to the latest Moneytree report by PriceWaterhouseCoopers and the National Venture Capital Association, the Milwaukee Small Business Times reported.
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Blackhawk Profits Up 11%
Posted on April 22nd, 2009 No commentsBeloit-based Blackhawk Bancorp Inc. reported that its net income for the first quarter rose 11 percent, largely because of a gain on the sale of mortgage loans, according to the Business Journal of Milwaukee.