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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TCF Financial Nearly Doubles Profit
Posted on July 15th, 2010 No commentsWayzata, Minn.-based TCF Financial Corp. nearly doubled its second-quarter profit from a year ago. The bank, which has more than two dozen Milwaukee-area locations, posted net income of $45 million, or 32 cents per share, the Business Journal reported. -
Chase Increases Profit by 76%
Posted on July 15th, 2010 No commentsJPMorgan Chase & Co. told investors it set aside $3.36 billion to cover loan-loss reserves, down from $8 billion a year ago, which helped the bank report a 76 percent increase in second-quarter profit, according to the Business Journal of Milwaukee. -
Hovde Brother Purchases Baltimore Bank
Posted on July 15th, 2010 No commentsA firm led by the brother of Steven Hovde — the Madison native who tried to invest in the struggling Anchor BanCorp Wisconsin — has purchased the assets of a failed Baltimore bank, the Wisconsin State Journal reported.