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New Richmond Bank Turns 90
Posted on August 7th, 2009 No commentsIt’s a time of reflection at First National Community Bank in New Richmond, which celebrates its 90th anniversary this month. “There are good times and bad times. Iif you have enough good people, you’ll get through it,” said Chairman and CEO John Soderberg in a New Richmond News article.
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Spring Bank Takes Off Amid Turmoil
Posted on August 7th, 2009 No commentsWhile the difficult financial environment has posed challenges for the Brookfield-based de novo Spring Bank, it also has presented opportunities. Read the profile in the Milwaukee Small Business Times.
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Stocks Show Modest Improvement
Posted on August 7th, 2009 No commentsM&I Corp. was among the Wisconsin companies that posted stock gains after a government report showed the rise in unemployment last month was not as bad as feared. M&I’s stock went up 6.6 percent for the day, the Milwaukee Journal Sentinel reported.
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CIB Marine Loses $10.3M in Q2
Posted on August 7th, 2009 1 commentPewaukee-based CIB Marine Bancshares Inc., the parent company of Marine Bank, lost $10.3 million in the second quarter as it continued to wrestle with its corporate debt and loan losses, the Milwaukee Journal Sentinel reported. CIB Marine is seeking investor approval of a bankruptcy court reorganization.
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Keeping an Eye on Commercial Real Estate
Posted on August 7th, 2009 No commentsCommercial real estate could be the next Achilles heel for the banking industry, writes columnist Ray Unger in the Capital Times.