-
Wis. Banks Have Brighter First Quarter
Posted on May 27th, 2009 No commentsA stabilizing economy and a surge in mortgage refinancing is credited with increasing the number of profitable banks in Wisconsin. About one in every 10 Wisconsin banks lost money in the quarter ended March 31, compared with one in five in the fourth quarter of 2008, figures released Wednesday by the Federal Deposit Insurance Corp. show. Read the Milwaukee Journal Sentinel article.
-
Lending by Wis. Banks Rises
Posted on May 27th, 2009 No commentsWisconsin’s loan-to-deposit ratio dropped from 108 percent in the fourth quarter of 2008 to 107 percent in the first quarter of 2009, but is still well ahead of the national ratio of 84 percent, down from 85 percent in the previous quarter, the Business Journal of Milwaukee reported.
-
Manitowoc Bank Exits TARP
Posted on May 27th, 2009 No commentsThe parent company of Bank First National in Manitowoc has repurchased the $12.6 million in preferred stock it sold to the U.S. Treasury in January, becoming the first Wisconsin bank – and one of the first nationwide – to exit the Troubled Asset Relief Program, or TARP, the Milwaukee Journal Sentinel reported.