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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Bank Mutual Reports 2nd Quarter Earnings
Posted on July 24th, 2010 No commentsBank Mutual Corp. reported net income of $731,000, or 2 cents per share, for the second quarter, compared with net income of $3.8 million, or 8 cents per share, for the same period a year ago. Michael Crowley Jr., chairman, president and CEO, said lower earnings were the result of low interest rates and weakness in the commercial real estate market, the Green Bay Press-Gazette reported. -
Summit Credit Union is State’s Largest CU
Posted on July 24th, 2010 No commentsMadison-based Summit Credit Union has surpassed Landmark Credit Union to become the largest in Wisconsin, with $1.5 billion in assets. CEO-elect Kim Sponem said Summit’s business lending is close to 9 percent of its assets, with plans to do more. “She said the credit union wants to pick up the slack on small-business lending that some banks either can’t or won’t do in the sluggish economy,” the Milwaukee Journal Sentinel reported.