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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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.
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Regulator Tries to Stabilize Bond Insurer Ambac
Posted on March 25th, 2010 No commentsWisconsin insurance commissioner Sean Dilweg has taken control of $35 billion worth of shaky mortgage-related and other liabilities from Ambac Assurance Corp., a move intended to help stabilize the struggling bond insurer. Ambac was founded and incorporated 40 years ago as an offspring of what is now Milwaukee-based MGIC Investment Corp., the Milwaukee Journal Sentinel reported.