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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Saving for Education Can Be Confusing
Posted on July 25th, 2010 No commentsSaving for college – or private high school – can lead to roadblocks, writes Bob Helbig of the Milwaukee Journal Sentinel. “When I’ve stopped in a few area banks lately asking about Coverdells, I’m met with blank stares from employees, followed by references to the bank’s one in-house financial planner/investment adviser. That gives you a sense of how little this investment option is used by customers,” he wrote. -
Bank Collects Shoes for Students
Posted on July 25th, 2010 No commentsThe New Lisbon branch of M&I Bank decided to do a different community service project this summer. Through Shoes for School, they’re collecting new pairs of shoes to donate to locate youth in need, according to the Juneau County Star Times. -
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. -
Baylake Bank Reports 2nd Quarter Earnings
Posted on July 23rd, 2010 No commentsBaylake Corp., parent company of Baylake Bank, reported net income of $1.3 million, or 17 cents per share, for the second quarter. That compares with net income of $500,000, or 7 cents per share, for the second quarter of 2009, according to the Green Bay Press-Gazette. -
Father/Son Help Keep Fair Running
Posted on July 22nd, 2010 No commentsFor Arlen Schmidt, CEO of First National Bank of Bangor, and his son, Jeff Schmidt, branch manager of First National Bank in Holmen, helping out at the La Crosse Interstate Fair is a serious commitment. Read the story in the Onalaska-Holmen Courier-Life. -
Associated Promotes ‘Dream Team’ of Lenders
Posted on July 22nd, 2010 No commentsAssociated Bank’s “dream team” of commercial lenders is on display in this week’s Crain’s Chicago Business via a multi-page ad spread that includes pull-off business cards. Those featured include Donna Smith, EVP and commercial banking director of Associated Bank’s south region, and Robert Swanson, commercial banking regional manager for the south region. Read more in The Business Journal of Milwaukee. -
Associated Bank Reports 2nd Quarter Loss
Posted on July 22nd, 2010 No commentsGreen Bay-based Associated Banc-Corp. reported a net loss of $10.2 million, or 6 cents per share, for the second quarter, which was an improvement from a net loss of $24.7 million, or 19 cents per share, for the same period a year ago, according to the Small Business Times of Milwaukee. -
U.S. Bank, Wells Fargo Exceed Expectations
Posted on July 21st, 2010 No commentsU.S. Bancorp and Wells Fargo & Co. — reported earnings that topped analysts’ estimates. Minneapolis-based U.S. Bancorp reported $766 million, or 45 cents per share, in net income for the second quarter of 2010. Wells Fargo eported net income of $2.88 billion, or 55 cents per share, according to The Business Journal of Milwaukee. -
Harris Names Wis. Regional President
Posted on July 21st, 2010 No commentsDan Barron is has been named a regional president for Wisconsin at Harris Bank and will be based out of Cedarburg. He was previously regional president of Harris’ northeast Illinois operations. Read more in the Milwaukee Journal Sentinel.