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Metavante Profits Up 15%
Posted on April 24th, 2009 No commentsProfits rose more than 15 percent for Metavante Technologies Inc. in the first quarter as the financial technology provider increased revenue in spite of the troubles besetting the banking industry, according to the Milwaukee Journal Sentinel.
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M&I Loss Bigger Than Expected
Posted on April 23rd, 2009 No commentsMarshall & Ilsley Corp. reported a wider-than-expected first-quarter loss of $116.9 million, or 44 cents a share, caused in part by delinquent loans in Arizona, the Milwaukee Journal Sentinel reported.
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State Would Use Banks to Track Late Taxes
Posted on April 23rd, 2009 No commentsBanks and financial institutions would get a list of delinquent Wisconsin taxpayers, and would have to check whether those customers have account balances that tax collectors could go after, under a change added to the state budget, the Milwaukee Journal Sentinel reported.
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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.
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Baylake Sees Bump in Income
Posted on April 21st, 2009 No commentsBaylake Corp. of Sturgeon Bay has reported net income for its first quarter ended March 31 of $2.3 million, or 29 cents basic and diluted earnings per share, compared with $1.2 million, or 15 cents basic and diluted earnings per share, for the first period last year, according to the Business Journal of Milwaukee.
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U.S. Bancorp Profits Rise
Posted on April 21st, 2009 No commentsMinneapolis-based U.S. Bancorp’s first quarter profit is up 60.3 percent compared to the fourth quarter of 2008, the Milwaukee Small Business Times reported.
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M&I Among Top TARP Lenders
Posted on April 20th, 2009 No commentsThe U.S. Treasury reported that Marshall & Ilsley Corp. was one of nine of the top 21 banks in the TARP program that increased lending in February, extending about $380 million of new credit to new and existing companies, according to the Business Journal of Milwaukee.