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Anchor Agrees to Recapitalization Plan
Posted on December 1st, 2009 No commentsThe parent company of AnchorBank said it has entered into agreements with Badger Anchor Holdings LLC, which would invest up to $400 million in Anchor. Badger Anchor Holdings was organized by Badger Capital LLC. The private investment group is led by Steven D. Hovde, chief executive of Hovde Financal Inc. in Chicago, a firm with expertise in investments in financial institutions. Read the Milwaukee Journal Sentinel article.
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SE Wisconsin Foreclosure Filings Down 9.4%
Posted on December 1st, 2009 No commentsForeclosure filings dropped 9.4 percent from October to November in southeastern Wisconsin, marking the second consecutive month that filings declined. But given the state of the economy, it probably isn’t the start of a long-term trend just yet, said an attorney who handles bankruptcy and foreclosures cases in the Milwaukee Journal Sentinel.
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WBA: Most Wisconsin Banks Profitable
Posted on December 1st, 2009 No commentsDespite national troubles, most Wisconsin banks made a profit, total deposits grew and lending again outpaced the national average, said Kurt Bauer, president and CEO of the Wisconsin Bankers Association (WBA). “Bank performance numbers typically lag other economic trends, which means banks could see challenging earnings in the 4th quarter and into 2010,” he said in the Milwaukee Small Business Times.
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Holt Named New CEO of Citizens State, Loyal
Posted on December 1st, 2009 No commentsTravis Holt has been selected to become the new President and CEO of the Clark County-based Citizens State Bank of Loyal, Wis. Holt, who has been with the bank since 2002, is currently serving as chief financial officer. Read more in Wisconsin Ag Connection.