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.
-
Man Finds Pet ID Tag in Rolled Coins
Posted on July 31st, 2010 No commentsBob Wagner of Franklin made a strange discovery recently. He opened a roll of half-dollars from a bank and found that one coin in the roll had been replaced by a dog or cat ID tag, which is a round metal disc about the same size as the coins, according to a column in the Milwaukee Journal Sentinel. -
Three More Banks Under Regulatory Orders
Posted on July 30th, 2010 No commentsThree more community banks in Wisconsin have been ordered by regulators to make improvements in how they operate: Foundations Bank in Pewaukee, West Pointe Bank in Oshkosh and Community First Bank in Rosholt. Read more in the Milwaukee Journal Sentinel. -
Bank Fined Over Flood Insurance Violations
Posted on July 30th, 2010 No commentsCitizens First Bank, Viroqua, has agreed to pay a $3,185 penalty for violations involving a lack of flood insurance. The FDIC said there were nine instances in which customers obtained loans from the bank for property in a flood hazard area but were not required to get adequate flood insurance, according to the Wisconsin State Journal. -
Another M&I Exec Goes to Harris Bank
Posted on July 30th, 2010 No commentsHarris Bank has hired another former M&I Bank executive, Peter Engel, who will serve as Harris’ president of retail banking for the state. Tom Bolger, a former M&I executive who joined Harris Bank previously, has the new title of president of commercial banking for Wisconsin, the Milwaukee Journal Sentinel reported. -
Bank General Counsel Named Schools’ CFO
Posted on July 30th, 2010 No commentsGerald Pace, who has been general counsel at North Milwaukee State Bank for three years, will become the chief financial officer of Milwaukee Public Schools, The Business Journal of Milwaukee reported. -
Small Biz Owners Expect Rebound in 2011
Posted on July 29th, 2010 No commentsAn annual survey by U.S. Bank found that 86 percent of Milwaukee-area small business owners believe the U.S. economy is still in a recession, compared with 89 percent of small-business owners nationwide. Just more than half of local business owners expect to see an improvement in sales in 2011. Read more in the Milwaukee Journal Sentinel. -
Anchor Completes Sale of Branches
Posted on July 28th, 2010 No commentsAnchorBank announced that the sale of its four Green Bay area branches to Nicolet National Bank is complete following the conversion of accounts over the weekend. The branches are in Ashwaubenon, Howard, De Pere and Bellevue, the Green Bay Press-Gazette reported. -
Insurer Settles Claims Over Annuity Sales
Posted on July 28th, 2010 No commentsChicago-based Bankers Life and Casualty Co. will forfeit $1.5 million and offer a restitution program to 5,700 Wisconsin residents — most of them seniors — to settle an investigation into alleged unsuitable annuity sales and do-not-call list and home solicitation violations, the Milwaukee Journal Sentinel reported. -
Plea Deal Reached in Embezzlement Case
Posted on July 27th, 2010 No commentsKenneth Hamberger of Green Bay, who worked for Citizens Community Bank in Eau Claire for 15 years, has reached a plea agreement on charges of embezzling $22,000 from his former employer, according to WQOW Channel 18 in Eau Claire. -
Blackhawk Reports 28% Earnings Increase
Posted on July 26th, 2010 No commentsBeloit-based Blackhawk Bancorp Inc. increased earnings 28 percent in the second quarter as net interest income grew and the firm focused on expense control, according to the company. The parent company of Blackhawk Bank posted a profit of $664,000, or 23 cents a share, compared with $519,000, or 17 cents, in the second quarter of 2009, the Milwaukee Journal Sentinel reported.