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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.
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Swearing Off Credit Has Downside Too
Posted on February 21st, 2010 No commentsAlthough the credit report firm Equifax says credit card applications are down nearly 50 percent, smaller card issuers like Appleton-based Prospera Credit Union have seen the opposite. At the same time, some people, such as young professionals, are swearing off credit cards entirely – which could actually delay the process of establishing a good credit profile. Read more in the Oshkosh Northwestern.
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Appleton Bank Names New VP
Posted on February 21st, 2010 No commentsThe Business Bank has hired Christopher Allen as vice president of the bank’s Appleton location. Allen has more than 10 years of banking experience, a bachelor’s degree in economics and an MBA from Marquette University, according to the Appleton-Post Crescent.
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Editorial: Payday Loan Bill Eliminates Options
Posted on February 20th, 2010 No commentsProposed Wisconsin legislation that would cap payday loan interest rates and limit loan amounts “will not eliminate the financial need that still exists,” the Milwaukee Courier editor writes in an online editorial. “Instead of eliminating options, legislators should find a way to open up the door for more options. If the banks are threatened by this, then begin offering something better.”
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Column: Help Small Biz, Banks By Helping SBA
Posted on February 19th, 2010 No comments“We should offer smaller banks the additional capital they need to expand their small business lending,” writes Karen Mills, administrator of the Small Business Administration, in a Green Bay Press-Gazette guest column, detailing ways that SBA programs could stimulate the economy.
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30-Day Mortgage Delinquencies Decline
Posted on February 19th, 2010 No commentsThe Mortgage Bankers Association reported that early stage delinquencies – those 30 days past due – declined from the third to fourth quarters of 2009. Thirty-day delinquencies historically set the pace for loans that end up in serious delinquencies and foreclosures, the association’s economist said. Read more in the Milwaukee Journal Sentinel.
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Fed: Jobless Rate Could Stay High for Years
Posted on February 18th, 2010 No commentsWhile the economy is getting better, the jobless rate is expected to remain high – possibly for years – because of financial uncertainty among households and businesses, Federal Reserve policy-makers said when they met in a closed-door session in late January. Read the story in the Milwaukee Journal Sentinel.
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Retired Banker Wins Cudahy Mayor Primary
Posted on February 16th, 2010 No commentsRetired banker Tony Day finished first in a mayoral primary for the city of Cudahy, Wis., the Milwaukee Journal Sentinel reported. Day most recently worked in consumer lending for JP Morgan Chase Bank.
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M&I, Puelicher Ctr Receive Financial Ed Awards
Posted on February 16th, 2010 No commentsM&I Bank Community Education, Milwaukee, and the Puelicher Center for Banking Education at the University of Wisconsin-Madison School of Business were among the nine organizations and six individuals honored with 2010 Governor’s Financial Literacy Awards, the Milwaukee Journal Sentinel reported.
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Associated Hires Exec VP, Strategy Officer
Posted on February 15th, 2010 No commentsOliver Buechse, an executive of Union Bank in San Francisco, has been appointed executive vice president, chief strategy officer, of Green Bay-based Associated Banc-Corp. New Associated exec Philip Flynn also came from Union Bank. Read more in the Milwaukee Business Journal and the Milwaukee Journal Sentinel.