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WaterStone Bank Formalizes Consent Order
Posted on November 27th, 2009 No commentsWaterStone Bank, a Wauwatosa, Wis., mortgage lender, has agreed to a consent order giving government regulators significant oversight of its affairs. WaterStone already complies fully with the order, which formalizes a November 2008 agreement between the bank and regulators, CEO Doug Gordon said in the Milwaukee Journal Sentinel.
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Farrar Joins Associated After 25 Years at M&I
Posted on November 27th, 2009 No commentsWilliam Farrar, who was with Marshall & Ilsley Bank for 25 years, most recently as vice president of business development in the business credit division, has joined Associated Bank’s asset-based commercial finance unit, the Milwaukee Business Journal reported.
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Southport Under Voluntary FDIC Agreement
Posted on November 27th, 2009 No commentsSouthport Bank of Kenosha, Wis., said it has entered a voluntary agreement with the Federal Deposit Insurance Corp. to take actions to strengthen its lending processes, raise capital and improve its loan documentation. The Southport Bank management and board is in the process of raising additional capital, said Jerry Schwallier, president and CEO since June. Read more in the Milwaukee Business Journal.