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Couple Charged in Bank, Wire Fraud
Posted on February 15th, 2010 No commentsSergey Mikayelyan and Rita Gregoryan, a couple from Shorewood, Wis., are being charged with bank and wire fraud in a case involving bank-issued credit cards as well as store-branded cards, WITI-TV Fox 6 reports.
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Acquisitions in the Future for Associated
Posted on February 12th, 2010 No commentsNew Associated Banc-Corp CEO Phil Flynn is eager, but not ready, to make acquisitions to expand the bank’s presence in Wisconsin, the Twin Cities and metro Chicago, the Business Journal of Milwaukee reported.
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WHEDA 1st Time Homebuyer Loans Resume
Posted on February 12th, 2010 No commentsAfter a 17-month hiatus, Wisconsin Housing and Economic Development Authority will resume lending to first-time homebuyers starting March 1. WHEDA says low- and middle-income buyers with good credit will qualify for its new Fannie Mae Advantage product, WBAY-TV in Green Bay reported.
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Wis. Home Sales Rise; Prices Drop 7.7%
Posted on February 11th, 2010 No commentsBoosted by a fourth-quarter rally, sales of existing homes in Wisconsin last year slightly topped totals in 2008, but the median sale price fell 7.7 percent, to $143,000 from $155,000, the Milwaukee Journal Sentinel reported.
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Offer Made for Southport Bank Shares
Posted on February 10th, 2010 No commentsA former Kenosha businessman has offered $8.5 million to buy a controlling interest in Kenosha-based Southport Bank. Under an investment plan scheduled for a shareholder vote next week, the bank to increase its number of shares from 3 million to 30 million, the Kenosha News reported.
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Wis. CUs Post Income Increases in ’09
Posted on February 9th, 2010 No commentsMost of Wisconsin’s large credit unions last year recaptured some of the millions they’d previously set aside to replenish the industry’s battered deposit insurance fund, helping them post big increases in net income in 2009, the Milwaukee Journal Sentinel reported.
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Significant Rise in Business Lending in Wis.
Posted on February 8th, 2010 No commentsLenders provided $31.4 million in government-guaranteed financing to Wisconsin small businesses in January. That’s down from the December number but higher than the January levels of the last few years, the Milwaukee Journal Sentinel reported.
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Bankers Hope Regulators Ease Policies
Posted on February 8th, 2010 No commentsAfter a joint statement from federal regulators on small business lending, Wisconsin bankers said they are hopeful, but not confident, that regulators will ease policies that discourage lending to small businesses. Read more in the Milwaukee Journal Sentinel.
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SBA Loan Values Up 145% in SE Wis.
Posted on February 8th, 2010 No commentsThe value of SBA-backed loans increased 145 percent, to $13.14 million in January 2010 from $5.36 million in January 2009 in Kenosha, Milwaukee, Ozaukee, Racine, Washington and Waukesha counties. The number of loans made increased to 53 from 43, a 23 percent increase, the Business Journal of Milwaukee reported.
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Wells Hiring 1,000 Brokers from Rivals
Posted on February 8th, 2010 No commentsWells Fargo plans to beef up its Wells Fargo Advisors unit by hiring 1,000 brokers from rivals and training 400 recruits new to the profession, according to the Business Journal of Milwaukee.