-
Anchor Hires New First VP of Banking Operations
Posted on November 24th, 2009 No commentsMadison-based AnchorBank has hired Patricia Carlin to the newly created post of first vice president of banking operations and has established a business banking group that will be lead by AnchorBank veteran Linda Zimdars. Read more in the Business Journal.
-
Three of Four Wis. Banks Profitable in Q3
Posted on November 24th, 2009 No commentsDeposits at Wisconsin banks were up 6.8 percent from the first nine months of last year, and the percentage of overdue loans decreased, according to new FDIC figures. At the same time, 69 of Wisconsin’s 281 state-chartered banks did not post a profit in the third quarter, and the ratio of non-current loans increased to 4.41 percent, reflecting the state’s stressed economic conditions. Read more in the Milwaukee Journal Sentinel and the Milwaukee Business Journal.
-
Fed Asks Banks for TARP Repayment Plans
Posted on November 24th, 2009 No commentsTwo banks that operate in Wisconsin, PNC Financial Services Group Inc. and Wells Fargo & Co., are among the 19 banks that underwent government �stress tests� earlier this year and have been asked by the Federal Reserve to devise a plan to repay TARP money. Read more in the Milwaukee Business Journal.
-
No. of Banks on FDIC’s Troubled List Up 32%
Posted on November 24th, 2009 No commentsThe number of institutions on the Federal Deposit Insurance Corp.’s “problem list” increased 32 percent during the third quarter to 552 banks nationally, the highest level in 16 years, the Business Journal reported.