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Wells Introduces Mobile Transfers
Posted on September 25th, 2009 No commentsWith Wells Fargo Mobile Banking service, customers now can log on to their bank accounts and transfer money to each other. Subsequent transfers can be made from mobile devices by logging onto wf.com and following the prompts, or by going online, the Business Journal of Milwaukee reported.
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Citizens Stock Could Be Delisted
Posted on September 25th, 2009 No commentsThe parent company of Citizens Bank has been notified by the Nasdaq Stock Market that its stock will be delisted if shares don’t resume trading at $1 or more. Citizens Republic Bancorp Inc., based in Flint, Mich.., has about 50 Citizens Bank branches in Wisconsin. Read the Milwaukee Journal Sentinel article.
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Pigeon Falls is State’s 20th TARP Bank
Posted on September 24th, 2009 No commentsPFSB Bancorporation Inc., of Pigeon Falls, Wis. – parent company of Pigeon Falls State Bank – became the 20th banking company in the state to participate in the Troubled Asset Relief Program, selling just $1.5 million in preferred stock to the U.S. Treasury, according to the Milwaukee Journal Sentinel.
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Chase Also Modifying Overdraft Policies
Posted on September 23rd, 2009 No commentsChase is changing its overdraft policies and fees on its debit cards in the first quarter of 2010. The bank will eliminate overdrafts for debit cards unless the customer opts in to overdraft services; modify posting order to eliminate overdraft fees if a customer’s account is $5 or less overdrawn; and trim the maximum number of overdraft feeds per day to three from six, the Business Journal of Milwaukee reported.
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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.