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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Mortgage Co. Owner Files for Bankruptcy
Posted on March 17th, 2010 No commentsFormer state revenue official and mortgage lending company owner John Torgerson of Eau Claire has filed for bankruptcy. Court records show Torgerson owes more than 100 creditors about $9.5 million. Torgerson founded Preferred Mortgage in 1979, which bills itself as a “premier low rate mortgage source,” according to WXOW-TV in La Crosse.
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Waterstone Holding Co. Reports Higher Net Loss
Posted on March 17th, 2010 No commentsThe holding company of Waterstone Bank in Wauwatosa said its net loss was $1.3 million larger than previously reported after restating year-end 2009 financial results to account for Federal Deposit Insurance Corp. premiums, according to the Business Journal.