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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Wis. Foreclosure Filings Declining So Far in 2010
Posted on July 6th, 2010 No commentsForeclosure filings dropped more than 13 percent in Wisconsin in June and now are running slightly below the total in the first half of last year, but it’s too soon to call it the beginning of a turnaround until the job situation improves, analysts said in the Milwaukee Journal Sentinel. -
Economist: Wis. Unemployment to Edge Higher
Posted on July 6th, 2010 No commentsBruce Bittles, chief investment strategist with Milwaukee-based Robert W. Baird, said unemployment is likely to creep close to 10 percent by the end of 2010, and “home prices could come under pressure again” in the next six months. Read the Small Business Times story. -
Anchor Reports Net Loss of $177M for Year
Posted on July 6th, 2010 No commentsAnchor BanCorp Wisconsin Inc. reported a net loss of $26.6 million for the quarter ending March 31 and a net loss of $177.1 million for the year ending March 31, representing a loss of $8.97 per share for the year, according to the Appleton Post-Crescent. -
Associated Creates Investment Advisory Firm
Posted on July 6th, 2010 No commentsAssociated Banc-Corp has created a new investment advisory firm, Kellogg Asset Management, to serve institutional clients in a broad range of industries nationwide, the company said. The Kellogg name dates back to 1874, when Rufus B. Kellogg organized Kellogg National Bank, which later became Associated Bank. Read more in the Milwaukee Journal Sentinel. -
Falbo Named CEO at Southport Bank
Posted on July 6th, 2010 No commentsMichael Falbo has been named president and CEO of the $400 million Southport Bank in Kenosha. The banking industry veteran succeeds Gerald Schwallier, who took over in June 2009 after the retirement of the bank’s founding president, Karl Ostby. Schwallier stepped aside last month to care for his wife. Read more in the Kenosha News.