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One in 4 Wis. Banks Lost Money in 2009
Posted on February 23rd, 2010 No commentsSeventy-one of 281 banks based in the state, or 25 percent, lost money in 2009, according to the FDIC. That compares with 46 of 283 banks that posted losses in 2008, roughly one of every six, or 16 percent. In contrast, in 2005 only 2 percent of banks in the state were unprofitable, the Milwaukee Journal Sentinel reported. Read more about the FDIC statistics in the Milwaukee Business Journal and the Milwaukee Small Business Times.
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Developer Pleads Guilty to Bank Fraud
Posted on February 23rd, 2010 No commentsJefferson, Wis., developer Brian S. Johnson, 52, pleaded guilty to a federal bank fraud charge for borrowing more than $4.5 million from Evergreen State Bank, Stoughton, between September 2004 and December 2005 and using the money for other purposes, the Wisconsin State Journal reported.
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M&I Exec Shares Investing Insights
Posted on February 23rd, 2010 No commentsThe U.S. and global economies have emerged from the Great Recession. Although opportunities are re-emerging for investors, significant risks remain, said Sandy Lincoln, senior vice president with M&I Investment Management Corp., in the Small Business Times.
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Securant Adds Settlement Trust Group
Posted on February 23rd, 2010 No commentsMilwaukee-based Securant Bank & Trust has added a new service group, dedicated to serving structured settlement planners, which represent people who have won structured settlements in personal injury cases. The Settlement Trust Group has specialized knowledge in trust administration and marketing, the Small Business Times reported.