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WBA: New Scam Targets Cell Phones
Posted on April 30th, 2010 No commentsWisconsin consumers need to be prepared for the possibility of a phone scam targeting cell phone users, the Wisconsin Bankers Association (WBA) said in a press release on WisBusiness.com. The calls don’t refer to a specific bank, but the recorded message says that the customer’s account has been compromised. The message then asks the person to input his or her debit card number.
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Ridgestone Under Regulatory Order
Posted on April 30th, 2010 No commentsRegulators have ordered Brookfield, Wis.-based Ridgestone Bank to improve management of the bank and reduce delinquent loans. Unlike many of the dozen Wisconsin banks under orders from regulators, Ridgestone was profitable last year, the Milwaukee Journal Sentinel reported.
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Customers Warned About Park Bank Scam
Posted on April 30th, 2010 No commentsBank customers from across southeastern Wisconsin have received phone calls from a company claiming to be Park Bank in Madison. The bank warned customers that the calls are a scam and that they should never give out personal information to anyone calling them, WKOW-TV in Madison reported.
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Answers Provided to Amcore Shareholders
Posted on April 30th, 2010 No commentsShares of stock in the parent company of Chicago’s Harris Bank have hit near-record levels in the past week, but stockholders of Amcore Financial won’t see the benefits, according to a Q&A on the subject in the Wisconsin State Journal.
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Baird Forms Energy Investment Banking Team
Posted on April 29th, 2010 No commentsRobert W. Baird & Co. has formed a new energy investment banking team that will focus on oil and gas exploration and production companies and master limited partnerships. Curtis Goot and Frank Murphy, both former managing directors at Wells Fargo Securities, have been hired to co-lead the team. Read the Milwaukee Journal Sentinel article.
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Associated CEO Apologizes at Annual Meeting
Posted on April 29th, 2010 No commentsPhillip Flynn, president and CEO of Associated Banc-Corp, apologized to customers and shareholders during its annual meeting, saying the bank over the last several years had lost its focus. Flynn said Associated was too focused on its own problems at the expense of customers and shareholders. “I want to apologize for that,” he said. Read the Green Bay Press-Gazette article.
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North Shore Exec to Speak on Social Media
Posted on April 29th, 2010 No commentsNorth Shore Bank executive Tim Gluth will join executives from eBay, Starbucks, Fiserv and other companies as a panelist at the Mobile Banking and Emerging Application’s Summit in Las Vegas in June. Gluth will speak about the practical applications of social media for financial institutions, the Small Business Times reported.
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Equitable Bank Receives Mortgage Honor
Posted on April 27th, 2010 No commentsWauwatosa, Wis.-based The Equitable Bank has been awarded the 2009 SunTrust Mortgage Partner of the Year Award by SunTrust Mortgage Corporation in recognition of the bank’s loan quality, volume and positive working relationship, according to the Small Business Times.
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Column: Consider State-Owned Bank
Posted on April 25th, 2010 No commentsFour states have initiated bills for state-owned banks, and candidates in seven states have now proposed them. A state-owned bank in Wisconsin “could invest in education, student loans, and other worthwhile investments that would further economic development in the state,” writes Bob Menamin of FightingBob.com in an opinion column for the Wisconsin State Journal.
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Legislature Passes Bill Limiting Payday Lending
Posted on April 25th, 2010 No commentsWisconsin could soon regulate payday and auto-title lending. Members of the state Legislature passed a bill that would restrict borrowers to one loan at a time, limit borrowing, including fees and interest to the lesser of $1,500 or 35 percent of gross monthly income, and require reasonable repayment terms. Gov. Jim Doyle is expected to sign the bill. Read the Oshkosh Northwestern article.