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Johnson Bank Stays Active in Mortgage Market
Posted on December 22nd, 2009 No commentsResidential mortgages have remained an attractive business segment for Racine, Wis.-based Johnson Bank. The bank was the 22nd largest seller of residential mortgage loans in the country to Freddie Mac, and the largest Wisconsin-based bank for the third quarter of 2009. Read the Small Business Times article.
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M&I Extends Foreclosure Moratorium
Posted on December 22nd, 2009 No commentsMarshall & Ilsley Corp. announced that it has extended its foreclosure moratorium an additional three months, though March 31, 2010. The bank had initially imposed a moratorium on Dec. 18, 2008, the Milwaukee Journal Sentinel reported.
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M&I Reports Significant Energy Use Reduction
Posted on December 22nd, 2009 No commentsMilwaukee-based Marshall & Ilsley Corp. achieved a 30 percent energy reduction over the last nine months through the use of software designed by Seattle-based Verdiem that has been installed on more than 11,000 desktop and laptop computers, the Business Times reported.
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Wisconsin Businesses Optimistic for Year Ahead
Posted on December 22nd, 2009 No commentsBusinesses in Milwaukee and Waukesha counties are optimistic about 2010, according to a new report released by First Business Bank. The report indicated 65 percent of 566 businesses in the two counties expect to do better in 2010. Read the story in the Small Business Times of Milwaukee or listen to a podcast from a panel discussion about the survey.
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Net Income at Wisconsin CUs Down Nearly 30%
Posted on December 22nd, 2009 No commentsNet income at Wisconsin credit unions was down about 28.5 percent through the first nine months of 2009 as deposit insurance premiums cut into earnings and more money went to loan loss reserves. At the same time, deposits are up 12 percent and lending rose 5 percent, according to the state Office of Credit Unions. Read more in the Milwaukee Journal Sentinel.