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McKenna Named to OTS Committee
Posted on May 19th, 2009 No commentsJames F. McKenna, president and chief executive of North Shore Bank, will serve a two-year term on the Mutual Savings Association Advisory Committee, which will help guide and provide input to the federal Office of Thrift Supervision as it considers changes in banking regulations. Read the Milwaukee Journal Sentinel article.
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M&I to Sell $350M in Stock
Posted on May 19th, 2009 No commentsMarshall & Ilsley Corp. plans to sell up to $350 million in common stock. The company noted that that some of the money may be used to repurchase a portion of the $1.7 billion in preferred shares M&I sold last November to the Capital Purchase Program, the Milwaukee Journal Sentinel reported.
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More Banks Get TARP Funds
Posted on May 19th, 2009 No commentsThree more Wisconsin banks are participating in the government’s Capital Purchase Program: Boscobel Bancorp Inc., the parent company of Community First Bank; Deerfield Financial Corp., the parent company of Bank of Deerfield; and Brogan Bankshares Inc., the parent company of The Bank of Kaukauna, the Milwaukee Journal Sentinel reported.
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Wis. Angel Investing Up, Venture Capital Down
Posted on May 19th, 2009 No commentsWisconsin angel networks and funds posted a 28 percent increase in early stage investments in 2008, reaching more than $15 million invested in 53 deals. Yet at the same time, venture capital investments in Wisconsin – declined by 32 percent in 2008. Read the Business Journal article.