Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Banks Lose $3.7B in 2nd Quarter
Posted on August 27th, 2009 No commentsAccording to FDIC statistics, federally insured banks posted a net loss of $3.7 billion in the second quarter of 2009, compared with a $4.8 billion profit in the second quarter of 2008, due largely to deteriorating loan quality. Read The Business Journal of Milwaukee article.
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One in Five Wisconsin Banks in the Red
Posted on August 27th, 2009 No commentsWisconsin bank earnings were down in the second quarter, with nearly one out of every five institutions reporting a net loss – an increase of more than 14 percent over the previous quarter. A combination of lower loan demand, fewer qualified borrowers and increased bank operating costs led to a drop in total lending, according to the Wisconsin Bankers Association. Read more in The Business Journal of Milwaukee, the Milwaukee Journal Sentinel, or on the WBA web site.