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Wells Earnings Improve as Credit Losses Rise
Posted on July 22nd, 2009 No commentsWells Fargo & Co. joined several other national banks in reporting improved second-quarter earnings, despite rising credit losses. Read the Business Journal of Milwaukee article.
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U.S. Bancorp Profits Dip But Beat Expectations
Posted on July 22nd, 2009 No commentsU.S. Bancorp reported a big slide in second-quarter profits due to credit losses and government bailout payback, but it still beat analyst expectations, according to the Business Journal of Milwaukee.
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Milwaukee Business Prices Down 16.5%
Posted on July 21st, 2009 No commentsAccording to the latest data released by BizBuySell.com, an online business-for-sale marketplace, the median business asking price in Milwaukee has fallen 16.5 percent to $330,000 for the second quarter of 2009, the Small Business Times reported.
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M&I’s Kansas City Region President Resigns
Posted on July 21st, 2009 No commentsPam Berneking announced that she is resigning as president of the Kansas City region of M&I Bank effective Aug. 31, according to the Business Journal of Milwaukee.
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Wisconsin Bankruptcies Up 30%
Posted on July 21st, 2009 No commentsBankruptcy filings in Wisconsin jumped 30 percent in the first half of the year, with a growing number of people in their late 40s and 50s who have lost their jobs among those seeking relief from debt, the Milwaukee Journal Sentinel reported.
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North Shore Bank Income Increases
Posted on July 20th, 2009 No commentsNorth Shore Bank in Brookfield said its net income increased in the second quarter from this year’s first quarter due to new deposits and an increase in mortgage refinancing. Read the Business Journal of Milwaukee article.
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Blog: Give Underwater Mortgage Holders a Break
Posted on July 19th, 2009 No commentsBanks that acquire mortgages below their value in a merger scenario should pass along the “savings” to underwater homeowners, says an entry in the Sussex Sun’s community blogs.
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Wausau Bank Buys Mortgage Firm
Posted on July 17th, 2009 No commentsRiver Valley Bank of Wausau has acquired Home Loan Consultants in De Pere and changed its name to River Valley Mortgage, the Green Bay Press-Gazette reported.
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Blackhawk Reports Lower Profits
Posted on July 17th, 2009 No commentsBeloit-based Blackhawk Bancorp Inc. had net income for the second quarter of $519,000, down 36 percent from $812,000 in the same quarter last year, the Business Journal of Milwaukee reported.
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Credit Card Scam Attempt Reported
Posted on July 17th, 2009 No commentsThe Madison police reported a financial scam attempt, in which a woman received a call claiming to reduce the interest rate on her Chase or Capital One credit card. The caller asked the Madison woman to confirm her address and to provide her credit card number. Read The Capital Times article.