Wisconsin Banking Update
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Associated Must Improve Risk Management, Capital
Posted on November 10th, 2009 No commentsAssociated Banc-Corp revealed details of a memorandum of understanding in a regulatory filing in a Milwaukee Journal Sentinel article. Associated Bank will be required to improve risk management of its loan portfolio and maintain capital at higher-than-normal levels. Shares of Associated dropped more than 14 percent the day after the news was released, making it likely the bank’s quarterly dividend will be cut from 5 cents to 1 cent per share. Read that article in the Journal Sentinel.
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