Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Regulators Mandate Changes for Cassville Bank
Posted on May 29th, 2009 No commentsBadger State Bank in Cassville must improve its management, increase capital, add to loan-loss reserves and revise lending policies, according to a cease-and-desist order issued by the Federal Deposit Insurance Corp. and Wisconsin Department of Financial Institutions. The FDIC and state regulators also issued a cease-and-desist order to Wauwatosa-based Marine Bank. Read the Milwaukee Journal Sentinel article.
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Anchor Reaches Agreement with U.S. Bank
Posted on May 29th, 2009 No commentsMadison’s Anchor BanCorp Wisconsin Inc. said it has a new amended agreement that will give it a full year to pay back a $116.3 million line of credit to U.S. Bank., the Milwaukee Journal Sentinel reported.