Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Loss Prompts Associated to Raise Capital
Posted on January 11th, 2010 No commentsAfter losing $180.6 million in fourth quarter 2009, Green Bay, Wis.-based Associated Bank announced it will raise $400 million in capital through a common stock offering and cut its quarterly dividend to a penny. Shares closed down almost 7 percent after the announcement, reported the Milwaukee Journal Sentinel and Bloomberg News.
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Layton State Bank Participates in TARP
Posted on January 11th, 2010 No commentsLayton State Bank in Milwaukee is the latest Wisconsin bank to receive capital through the federal government’s Troubled Asset Relief Program, or TARP, the Milwaukee Journal Sentinel reported.