Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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500,000-Plus Home Loans Under Modification
Posted on October 9th, 2009 No commentsMore than 500,000 troubled home loans nationwide have entered trial modification programs under a federal initiative to help struggling borrowers stay in their homes. Wells Fargo & Co. — one of Wisconsin’s largest banks — said it nearly doubled the number of mortgage modifications made under the federal initiative. Read more in the Business Journal of Milwaukee.
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Blackhawk Bancorp Earnings Down 75%
Posted on October 9th, 2009 No commentsBeloit-based Blackhawk Bancorp Inc. leaders said that third-quarter earnings declined 75 percent to $189,000, 1 cent a share, largely because of an increased loan loss provision and higher FDIC insurance expense, according to the Business Journal of Milwaukee.