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North Shore Branch Opens in Mequon
Posted on August 12th, 2009 No commentsBrookfield-based North Shore Bank is opening a full-service branch in Mequon. The branch’s design incorporates two remote teller systems that allow customers to do their banking live with a banker on video. One RTS unit will be inside the building, and the other will be located outside in a drive-through lane, according to a WisBusiness news release.
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Wisconsin Credit Unions Tout Rates, Service
Posted on August 11th, 2009 No comments“Wisconsin credit unions are seeing consumers flocking to them for … better rates and personal service,” according to a news release from the Wisconsin Credit Union League posted on WisBusiness.com.
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Retired Manitowoc Banker Leads Foundation
Posted on August 9th, 2009 No commentsTom Bare retired last December after 25 years at Bank First National in Manitowoc, where he helped grow assets from $75 million to $760 million. He’s now the president board chairman of the Ruth St. John and John Dunham West Foundation. Read more in the Manitowoc Herald Times Reporter.
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‘A New Generation of Bank Haters’
Posted on August 9th, 2009 No comments“I’m trying to determine if the dislike of big bankers [during the Great Depression] was any worse than it is today,” writes Dave Zwiefel in The Capital Times. “From what I’ve read, the bankers whose establishments crashed and burned during the 1930s may have been a little more chastened and even humbled by the financial meltdown they helped create.”
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Economy Shifting to Recovery Mode
Posted on August 9th, 2009 No commentsWith the economic outlook slowly transitioning from recession to recovery, prices for lots of badly battered stocks have jumped – as reflected in a 49 percent rise in the Standard & Poor’s 500 Index from its bottom in March. “We believe we’ve seen the worst,” one analyst said in a Milwaukee Journal Sentinel article.
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This Recession Rivals – or Tops – the 1980s
Posted on August 8th, 2009 No commentsAs tough as times were during the recession of the early 1980s, what’s going on today looks just as bleak. Consider that now, compared with then, mortgage foreclosures are worse, stocks have plunged more deeply, and the percentage of jobs lost has been more than twice as great as it was in the ’80s. Read the Milwaukee Journal Sentinel article.
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Standards Tightened for Condo Loans
Posted on August 8th, 2009 No commentsNervous about the condominium market nationwide, Fannie Mae and Freddie Mac have tightened their standards for buying condo mortgage loans from banks. As a result, banks are cutting back on condo loans, requiring bigger down payments and higher interest rates from condo buyers, the Milwaukee Journal Sentinel reported.
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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.