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Former Exec Sentenced for Bank Fraud
Posted on June 26th, 2009 No commentsA former executive of a rural Bangor wood products firm who defrauded a bank out of $2.8 million while trying to keep the business afloat was sentenced Thursday to three years in federal prison, the La Crosse Tribune reported.
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Anchor to Cut Expenses Amid Regulatory Concerns
Posted on June 26th, 2009 No commentsMadison-based Anchor BanCorp Wisconsin Inc. is under orders by regulators to improve its performance and is cutting expenses by at least 6 percent. The company had a net loss of $43.3 million in the quarter ended March 31 as the bank was forced to greatly increase its reserves to cover potentially bad debt, according to the Milwaukee Journal Sentinel.
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M&I Extends Foreclosure Moratorium
Posted on June 26th, 2009 No commentsMarshall & Ilsley Corp. has extended its moratorium on home foreclosures until Sept. 30. The program applies to borrowers who live in their homes and agree to work in good faith to reach a successful repayment agreement. Read the Milwaukee Journal Sentinel article.