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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.
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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.
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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.
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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.