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FDIC Working With Three Wisconsin Banks
Posted on August 28th, 2009 No commentsCitizens State Bank in Hudson and Security Bank in New Auburn have been warned about unsafe and unsound practices in cease-and-desist orders from the FDIC, according to a Milwaukee Journal Sentinel article. At the same time, Evergreen State Bank in Stoughton is countering FDIC allegations in a draft cease-and-desist order.
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TARP Funds Slow to Increase Lending
Posted on August 28th, 2009 No commentsOnly one of the six banks with operations in southeast Wisconsin that received Troubled Asset Relief Program (TARP) funds showed substantial loan growth at 11 percent for the second quarter. That bank was Securant Bank & Trust. Legacy Bank in Milwaukee increased lending 1.6 percent; and the four other TARP banks posted single-digit percentage declines in loan activity. They are: AnchorBank, Associated Bank, M&I Marshall & Ilsley Bank and Ridgestone Bank. Read the story in The Business Journal of Milwaukee.
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Stress Caused Associated’s Binder to Leave
Posted on August 28th, 2009 No commentsFormer Associated Banc-Corp President and CEO Lisa Binder said excessive stress — exacerbated by the difficult banking environment — caused her to leave the Green Bay-Wis. based company abruptly on May 15, according to an American Banker interview, The Business Journal of Milwaukee reported.