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Baylake Receives Partial Payment on Bad Loan
Posted on May 1st, 2009 No commentsSturgeon Bay-based Baylake Corp. said it has received partial payment on an impaired loan relationship for which the bank has already partially charged off against its allowance for loan losses, according to the Business Journal of Milwaukee.
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Dems Push Federal Credit Card Reform
Posted on May 1st, 2009 No commentsTwo similar pieces of legislation, both sponsored by Democrats who control both houses of Congress, aim to increase credit card regulation, which they say is necessary to protect consumers. Read more in the Small Business Times of Milwaukee.
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Column: Everyone Needs an Emergency Fund
Posted on May 1st, 2009 No commentsA 2008 survey for the National Foundation for Credit Counseling found that Americans aren’t doing a particularly good job of maintaining even a minimal emergency fund. One-third of those surveyed had absolutely no non-retirement savings, and 57 percent of those who did have an emergency stash didn’t have enough in it, writes Erika Milosevich, vice president at North Shore Bank, in a guest column in the Small Business Times of Milwaukee.
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Commerce State Bank Earns Respect
Posted on May 1st, 2009 No commentsThree and a half years ago, Joe Fazio and two other veteran bankers didn’t like the frustration they saw among banking clients in Ozaukee County. Their goal was to create a more client-based option for their customers: Commerce State Bank in West Bend. Read the profile in the Small Business Times of Milwaukee.
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Brookfield Mortgage, Brokerage Firm Growing
Posted on May 1st, 2009 No commentsSince it was acquired by Generations Bancorp Inc. in January, American Foundations MortgageBanc Inc., a Brookfield-based mortgage banking and brokerage firm, has posted significant growth. Read more in the Small Business Times of Milwaukee.