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Merger Partners Sought for Credit Unions
Posted on June 18th, 2009 No commentsRegulators are looking for merger partners for Allco Credit Union, of West Allis, and First Security Credit Union, of Elm Grove, both of which have fallen below capital standards. Read the Milwaukee Journal Sentinel article.
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M&I Pays Treasury $21.4M Dividend
Posted on June 18th, 2009 No commentsMarshall & Ilsley Corp. will pay a quarterly cash dividend of more than $21.4 million to the U.S. Treasury on the preferred stock it sold to the federal government, the Milwaukee Journal Sentinel reported. M&I sold $1.7 billion in senior preferred shares last November through the U.S. Treasury’s Trouble Asset Relief Program, or TARP. Publicly traded stock banks that took TARP money must pay a 5 percent annual dividend on the preferred shares.
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River Valley Bank Takes Part in TARP
Posted on June 18th, 2009 No commentsRiver Valley Bancorporation Inc. in Wausau became the 18th Wisconsin-based bank to receive capital through the U.S. Treasury’s Troubled Asset Relief Program, according to the Milwaukee Journal Sentinel.