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Konradt to Lead Superior Bank
Posted on November 20th, 2009 No commentsJoseph M. Konradt will become the new CEO at National Bank of Commerce and its parent company in Superior, succeeding Larry L. Kappes. Kappes is retiring after 37 years at the bank. Konradt has held executive positions at National Bank of Commerce from Liberty Bank in West Des Moines, Iowa; Guaranty Bank, Milwaukee; and First Federal Capital Bank (now Associated Bank), La Crosse, BusinessNorth reported.
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Amcore Completes Sale of Branches to UB&T
Posted on November 20th, 2009 No commentsRockford, Ill.-based Amcore Bank has finalized the sale of its New Glarus and Belleville branches to Union Bank & Trust in Evansville, Wis., involving $19 million in loans and $31 million in deposits, the Wisconsin State Journal reported.
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Manitowoc Bank Approves Cash Dividend
Posted on November 20th, 2009 No commentsFirst Manitowoc Bancorp Inc., parent company of Bank First National, approved a quarterly cash dividend of 10½ cents per common share, payable on Dec. 11 to shareholders of record on Nov. 30, the Green Bay Press-Gazette reported.
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Most Wis. Credit Unions in the Black
Posted on November 18th, 2009 No commentsAll but one of the largest credit unions in Wisconsin operated in the black through the first three quarters of this year. The only top-10 credit union to post a loss during the period, Madison-based Summit Credit Union, said it, too, will be profitable by the end of the year, the Milwaukee Journal Sentinel reported.
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HSA Bank Hires New Sales Director
Posted on November 18th, 2009 No commentsWisconsin-based HSA Bank announces the appointment of Susan Nelson as its Senior Vice President – National Sales Director. Nelson has assumed the management of HSA Bank’s national sales team and is responsible for developing the bank’s strategic sales initiatives. Nelson will be based out of HSA Bank’s Wisconsin offices. HSA Bank is a division of Webster Bank, N.A., the wholly-owned subsidiary of Webster Financial Corp, according to a company news release.
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Associated Names New CEO
Posted on November 17th, 2009 No commentsPhilip B. Flynn has been named the new president and chief executive of Green Bay, Wis.-based Associated Bank. Effective Dec. 1, he succeeds Paul Beideman, who has doubled the size of Associated since 2003. Flynn was most recently vice chairman and chief operating officer of San Francisco-based Union Bank. The Milwaukee Journal Sentinel reported about the new hire and why his experience matters more than a Midwestern connection.
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River Valley Bank a Top SBA Lender
Posted on November 17th, 2009 No commentsRiver Valley Bank of Wausau lent $13 million in Small Business Administration-backed loans over the past year, ranking it in the top 5 percent of banks nationwide, the Wausau Daily Herald reported.
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Wis. National City Branches to Change to PNC
Posted on November 16th, 2009 No commentsThe green-and-white logo of National City Bank branches in Wisconsin will give way to the blue-and-orange brand of PNC Bank next summer. The $5.6 billion acquisition gives PNC 2,600 branches in 14 states, including 25 branches in southeastern Wisconsin, the Milwaukee Journal Sentinel reported.
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Anchor Sells 11 Branches to Royal CU
Posted on November 16th, 2009 No commentsThe parent company of AnchorBank plans to sell 11 branches in northwest Wisconsin to Royal Credit Union of Eau Claire. Royal will assume about $177 million in deposits and receive a corresponding amount in loans, real estate and other assets. Financial terms of the deal weren’t disclosed, the Milwaukee Journal Sentinel reported.
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Guaranty Bank on Road to Recovery
Posted on November 15th, 2009 No commentsBrown Deer, Wis.-based Guaranty Bank, like a growing number of banks that have struggled in the economic downturn, has been under orders from regulators to bolster its capital ratios, reduce levels of delinquent loans and ensure it has adequate reserves to cover bad debt. Bank leaders say the bank is on the path to recovery, but the capital-raising mandate has been especially difficult. Read the Milwaukee Journal Sentinel article.