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United Financial Plans Grafton HQ
Posted on August 5th, 2009 No commentsUnited Financial Services, a privately held technology firm that provides data processing services to the community banking industry in Wisconsin, will build a new headquarters in Grafton, according to the Small Business Times of Milwaukee.
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Loan Modifications Off to Slow Start
Posted on August 5th, 2009 No commentsUnder the Obama administration’s Making Home Affordable loan modification program, just 9 percent of borrowers, or 230,000 trial modifications, have begun out of the 400,000 loan modification offers that have been extended, the Business Journal of Milwaukee reported.
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Strong Funds Settlement Near
Posted on August 5th, 2009 No commentsFive years after regulators forced the sale of Strong Funds to Wells Fargo & Co. at the height of a national mutual fund scandal, investors in 24 former Strong Funds are moving closer to receiving their share of a $154 million settlement, according to a Milwaukee Journal Sentinel article.
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Chase Executive McKinnon Retires
Posted on August 5th, 2009 No commentsJohn Q. McKinnon, 65, chairman of commercial banking in Illinois and Wisconsin for J.P. Morgan & Chase Co., left Chase on June 30. His 41-year career began at predecessor American National Bank & Trust Co. An article in Chicago Business calls him “one of the most respected and longest-tenured commercial bankers in Chicago.”