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Rough Spots, But Recovery, Ahead
Posted on January 3rd, 2010 No commentsThe Federal Reserve Bank of Minneapolis recently reported that the Upper Midwest should see a gradual economic recovery this year. “We’re slowly on the mend,” regional economist Toby Madden said. But bankers worry about commercial real estate – what Robert Cera of Baylake Bank in Sturgeon Bay, Wis., referred to as “the next shoe to drop.” Read more in the Green Bay Press-Gazette.
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Putting Low-Income Buyers in Foreclosed Homes
Posted on January 3rd, 2010 No commentsThe Wisconsin Housing and Economic Development Authority introduced its Neighborhood Advantage program earlier this year to encourage people to buy foreclosed homes in five counties, including Rock County. Those who make less than 50 percent of the county median income are eligible for a loan of 50 percent of the purchase price. A separate, forgivable loan of up to 25 percent of the purchase price is offered to very low-income residents, the Janesville Gazette reported.
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Anchor CEO Steers Bank Toward Stability
Posted on January 3rd, 2010 No commentsChris Bauer, president and chief executive of Anchor BanCorp Wisconsin, said he hopes to steer the bank toward stability and growth in 2010 after a series of commercial loans went bad, causing federal regulators to intervene in 2009. Read the Wisconsin State Journal article.
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Credit a Top Concern for Business CEOs
Posted on January 3rd, 2010 No commentsWhen asked about their biggest concerns for 2010, northeastern Wisconsin CEOs said increasing sales and revenue (74 percent); government regulation/taxes (41 percent); and bank lending (28 percent), according to Nicolet National Bank’s quarterly Business Pulse survey as reported in the Green Bay Press-Gazette.