Wisconsin Banking Update
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Equitable Bank Making Required Changes
Posted on July 14th, 2010 No commentsJohn Matter, CEO of The Equitable Bank in Wauwatosa, said the bank is making improvements to meet the conditions of a regulatory order. He said the bank’s problems arose a year ago when loans on some condominium projects and a subdivision development went bad in the housing and economic slump. The bank lost $4.8 million in 2009 but posted a profit of $221,000 in the first quarter of 2010, according to FDIC records, the Milwaukee Journal Sentinel reported.