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U.S. Bancorp Reinstates Exec Bonuses
Posted on October 27th, 2009 No commentsU.S. Bancorp CEO Rick Davis and chief financial officer Andrew Cecere will again receive cash bonuses and stock options awards, perks both executives declined to take in January. Read more in the Business Journal.
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M&I Raises $863M in Stock Offering
Posted on October 27th, 2009 No commentsMarshall & Ilsley Corp. closed its public offering of 156.4 million shares of common stock after generating proceeds of about $863 million, the Business Journal of Milwaukee reported.
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Amcore Reports $156M Loss for Quarter
Posted on October 27th, 2009 No commentsThe holding company for Amcore Bank, which has sold off several of its Wisconsin branches after regulators told it to raise capital, reported a net loss for the third quarter of $156.4 million, or $6.81 per share, the Business Journal reported.
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U.S. Bancorp Posts 3rd Quarter Earnings
Posted on October 27th, 2009 No commentsU.S. Bancorp has posted third-quarter net income of $603 million, or 30 cents per share, compared with $576 million, or 32 cents per share, in the same period a year ago. Early in the third quarter, U.S. Bancorp repurchased the 10-year warrant issued to the U.S. Treasury, effectively concluding its participation in the federal Troubled Asset Relief Program (TARP), the Small Business Times of Milwaukee reported.