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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U.S. Bancorp Opting Out of TAGP
Posted on November 3rd, 2009 No commentsU.S. Bancorp said its finances are strong enough that it will opt out of the six-month extension of the FDIC’s Transaction Account Guarantee Program, according to an article in the Milwaukee Business Journal.
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Bank Mutual Cuts Dividend; Repurchases Stock
Posted on November 3rd, 2009 No commentsBank Mutual Corp. will pay a quarterly cash dividend of 7 cents per share, 2 cents less than its previous dividend. The Brown Deer, Wis.-based parent company of Bank Mutual banks also announced another stock repurchase program under which the corporation will buy back up to 1 million shares, or about 2.2 percent, of its outstanding shares, the Milwaukee Journal Sentinel reported.