-
Watch for Woman Cashing Stolen Checks
Posted on March 30th, 2010 No commentsSurveillance video shows a middle-aged woman cashing a check at a Milwaukee area bank – a woman that police say is stealing purses from unlocked cars in parking lots, then using the stolen checkbooks and identification to steal money from accounts. She’s been seen in Brookfield, New Berlin, Delafield and Fox Point, and police estimate she’s stolen about $19,000, according to Fox6-TV in Milwaukee.
-
SBA Warns of Possible Scams
Posted on March 30th, 2010 No commentsThe U.S. Small Business Administration is warning business owners to be aware of scams involving SBA programs. But the Wisconsin office hasn’t received any complaints of fraud yet, according to the Business Journal of Milwaukee.
-
CIB Marine in the Black After Reorganization
Posted on March 30th, 2010 No commentsPewaukee-based CIB Marine Bancshares Inc. posted net income of $13.7 million for 2009, thanks largely to a $54.5 million gain from a reorganization plan. Read the Milwaukee Journal Sentinel article.
-
M&I Extends Foreclosure Moratorium
Posted on March 29th, 2010 No commentsMarshall & Ilsley Corp. has extended its foreclosure moratorium another 90 days, through June 30, the Milwaukee Journal Sentinel reported.
-
22 Wis. Banks Under Regulatory Orders
Posted on March 27th, 2010 No commentsWhile only one Wisconsin bank has closed since the economic downturn began, at least 22 banks based in the state have received regulatory orders to make improvements intended to strengthen their financial position in 2009 and 2010. Read the Milwaukee Journal Sentinel article.
-
Banks Investing in Software as a Service
Posted on March 26th, 2010 No comments“Banks are giving penny pinchers like me some hope. That’s because they’re changing the way they do business with individuals and small businesses. … By the thousands, banks around the country are investing in Software as a Service (Saas) products so that their customers, time-wasters like myself, can do business with them and do it quicker, better and faster,” writes CPA Gene Marks in the Business Journal of Milwaukee.
-
Colby Bank Enters Agreement With Regulators
Posted on March 26th, 2010 No commentsCommunity Bank of Central Wisconsin in Colby must improve its management, maintain higher capital, and reduce delinquencies in a consent order issued by the Federal Deposit Insurance Corp. and the state Department of Financial Institutions, the Milwaukee Journal Sentinel reported.
-
CIB Marine Posts Net Income in Bankruptcy
Posted on March 26th, 2010 No commentsPewaukee, Wis.-based CIB Marine Bancshares Inc. said it posted net income of $13.7 million in 2009 after recording an extraordinary gain of $54.5 million from completing its pre-packaged bankruptcy reorganization, the Business Journal reported.
-
Bill Changes Student Loans for Private Lenders
Posted on March 26th, 2010 No commentsA revamping of student loan programs that was included in the final health care package passed by Congress could force private commercial banks out of the federal student loan market. Private lenders still will make student loans that are not backed by the government, and they still will have contracts to service some federal loans. Read the Milwaukee Journal Sentinel article.
-
Fox River State Bank Raises $3.3M
Posted on March 25th, 2010 No commentsFox River State Bank, which in October 2009 received a “cease and desist” order from regulators, has raised more than $3.3 million in a stock offering, according to the Business Journal of Milwaukee.