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Fox River State Bank Agrees to FDIC Order
Posted on October 29th, 2009 No commentsBoard members at the $110 million Fox River State Bank of Burlington, Wis., agreed to a cease and desist order from the FDIC to resolve problem loans and to improve its capital position, said CEO Keith Pollek in the Milwaukee Business Journal.
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First Banking Center Under Regulatory Order
Posted on October 29th, 2009 No commentsThe Milwaukee Business Journal reported that the $1 billion First Banking Center of Burlington, Wis., which has sustained ongoing losses from loans on failed residential subdivisions, is subject to an agreement with the Federal Reserve Board to improve its operations and capital structure.
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Phishing E-mails Appear to Be from FDIC
Posted on October 29th, 2009 No commentsPhishing expeditions for bank customers’ accounts have become more sophisticated, the Federal Deposit Insurance Corp. and the Community Bankers of Wisconsin warn. Customers of several banks and credit unions are receiving e-mails claiming to be from the FDIC. Read more in the Wisconsin State Journal and the Milwaukee Journal Sentinel.
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Capitol Bank Announces Stock Split
Posted on October 29th, 2009 No commentsMadison-based Capitol Bank is issuing a three-for-one stock split for its shareholders, effective Nov. 1. It is the first stock split since the independent, privately owned bank was established in 1995. Read more in the Wisconsin State Journal.