-
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.
-
BofA Replaces Wells as Top Mortgage Lender
Posted on November 23rd, 2009 No commentsBank of America took the top spot as the nation’s top residential lender in the third quarter, unseating Wells Fargo, which is the 10th largest bank in the Milwaukee area, the Business Journal reported.
-
Economy makes getting a job quite a job
Posted on November 22nd, 2009 No commentsAt 10.2 percent, the nation’s jobless rate is the highest since April 1983 and almost double the post-World War II average of 5.6 percent. (Unemployment peaked at 25 percent during the Great Depression.) Since the recent recession began two years ago, more than 8 million Americans – 5.2 percent of the labor force – have lost their jobs, writes columnist Tom Saler in the Milwaukee Journal Sentinel.
-
Anchor Branches Fuel Royal CU Growth
Posted on November 21st, 2009 No commentsWhen President and CEO Charles Grossklaus joined the staff of Royal Credit Union in 1971, he was one of five employees. Now, when the acquisition of 11 AnchorBank branches in northwestern Wisconsin is finalized, the CU will have nearly 600 employees. Read more in the Eau Claire Leader-Telegram.
-
Associated is State’s Top SBA Lender
Posted on November 21st, 2009 No commentsAssociated Bank was named the No. 1 Small Business Administration lender in Wisconsin for 2009, the bank’s fifth consecutive year at the top and the 10th time in 12 years. Nationally Associated ranked 13th, up from 23rd in 2009, according to the Green Bay Press-Gazette.
-
U.S. Bank Eyes Opportunity in Wisconsin
Posted on November 21st, 2009 No comments“Where many Wisconsin banks see growth-stunting loan problems, U.S. Bank executives say they see opportunity,” the Milwaukee Journal Sentinel writes.
-
Help, Advice Available for Foreclosures, Short Sales
Posted on November 21st, 2009 No commentsMany local, state and national resources, both public and private, are available to answer questions and provide information and advice about foreclosures and short sales. The information is available from the Wisconsin State Journal.