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Stumpf to Lead Wells Fargo
Posted on September 22nd, 2009 No commentsWells Fargo CEO John Stumpf will succeed chairman Richard Kovacevich, who is stepping down at the end of the year, according to a story in the Milwaukee Business Journal. Stumpf, 56, will hold both positions.
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B of A Limits Overdraft Fees
Posted on September 22nd, 2009 No commentsStarting Oct. 19, Bank of America said it will no longer charge overdraft fees when a customer’s account is overdrawn by less than $10 in one day. A $35 fee will still be levied if the account isn’t brought into balance within five days, the Milwaukee Journal Sentinel’s Dollars & Sense blog reported.
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North Shore Branch Has Remote Teller
Posted on September 22nd, 2009 No commentsNorth Shore Bank, based in Brookfield, Wis., recently opened a 2,000-square-foot branch in Mequon. The branch features the bank’s first remote teller system, the Small Business Times of Milwaukee reported.
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Great Midwest Closing Two Branches
Posted on September 22nd, 2009 No commentsBrookfield, Wis.-based Great Midwest Bank is planning to close one of its Milwaukee branches and another in Madison by the end of November, according to the Small Business Times of Milwaukee.
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Chase Eliminates 43 Call Center Jobs
Posted on September 22nd, 2009 No commentsJPMorgan Chase & Co. will eliminate 43 jobs when it relocates part of a call center for its treasury and securities services business, currently located in downtown Milwaukee, the Small Business Times of Milwaukee and the Milwaukee Journal Sentinel reported.
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CIB Marine Prepares for Sale
Posted on September 22nd, 2009 No commentsNow that shareholders have cleared the way for CIB Marine Bancshares Inc. to file a pre-packaged Chapter 11 bankruptcy plan, the company is preparing for discussions to be sold to another bank. Read more in the Small Business Times of Milwaukee or the Milwaukee Journal Sentinel.