-
Associated Must Find the Right Leader
Posted on September 19th, 2009 No commentsWhoever takes over as the next chief executive of Green Bay, Wis.-based Associated Banc-Corp ought to have a successful track record of navigating through tough economic times and, if at all possible, possess an affinity for the Midwest, say investment professionals who follow the bank, writes Paul Gores in the Milwaukee Journal Sentinel.
-
Restitution Slow in Coming in Strong Case
Posted on September 18th, 2009 No commentsHundreds of thousands of individual and institutional investors in Strong Capital Management’s mutual funds could begin receiving an estimated $154 million in settlement funds, but the distribution process could take another two years or more, the Business Journal of Milwaukee reported.
-
Fed May Oversee Bank Executive Pay
Posted on September 18th, 2009 No commentsThe Federal Reserve could have a say in compensation for bank executives under far-reaching regulation to rein in risk-taking lenders. Read the story in the Business Journal of Milwaukee.
-
CUNA Mutual to Sell Canadian Affiliate
Posted on September 17th, 2009 No commentsCUNA Mutual Group of Madison will sell the majority ownership of its independently managed affiliate, The Cumis Group Ltd., to a longtime business partner of the Canadian company and a Canadian credit union central, the Business Journal of Milwaukee and the Milwaukee Journal Sentinel reported.
-
Security Financial Agrees to Operations Changes
Posted on September 17th, 2009 No commentsSecurity Financial Services Corp., the holding company for Security Financial Bank in Durand, Wis., must meet financial performance and reporting guidelines and maintain sufficient capital under an agreement reached with the Federal Reserve Board and the Wisconsin Department of Financial Institutions. Read the article in the Business Journal of Milwaukee.
-
Fox River State Bank Names New CEO
Posted on September 15th, 2009 No commentsKeith E. Pollek has been named new president and chief executive of Fox River State Bank in Burlington, Wis., the Milwaukee Journal Sentinel reported. Pollek was previously the president and CEO of Town and Country Bank in Watertown.
-
Customer Thwarts Robbery Attempt
Posted on September 15th, 2009 No commentsA 54-year-old man fearing for his wife’s safety jumped a 21-year-old man who was trying to rob the Guardian Credit Union in Milwaukee, the Milwaukee Journal Sentinel reported.
-
1 in 5 Wis. Manufacturers Expects Increase
Posted on September 15th, 2009 No commentsA poll conducted for Green Bay-based Nicolet National Bank by IntellectualMarketing LLC, found that 21 percent of northeastern Wisconsin manufacturers anticipate a rise in production in 2010. They expect about a 20 percent increase from 2009, the Milwaukee Journal Sentinel reported.
-
No Bank Closures in Wisconsin
Posted on September 15th, 2009 No commentsAlthough there have been 92 bank closures overseen by the Federal Deposit Insurance Corp. so far this year, no Wisconsin-based banks have been ordered closed by federal officials. About 82 percent of Wisconsin’s banks posted a profit during the second quarter of 2009, slightly more than the national rate of 74 percent. Read more in the Milwaukee Small Business Times.
-
$189K Stolen from University Online
Posted on September 15th, 2009 No commentsAn organized Internet crime syndicate — suspected of being from halfway around the world — has stolen millions of dollars from businesses and schools in the United States. Marian University in Fond du Lac, Wis., became one of its most recent victims when sophisticated criminals used a series of steps to hack into the university’s finances, WBAY in Green Bay reported.