Wisconsin Banking Update
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Bank Mutual Earnings Down 76%
Posted on January 22nd, 2010 No commentsBrown Deer, Wis.-based Bank Mutual Corp. reported fourth-quarter profits had dropped 76 percent as it increased loan-loss reserves. Bank Mutual posted net income of almost $1.5 million, or 3 cents a share, down from $6.2 million, or 13 cents, in fourth quarter 2008, according to the Milwaukee Journal Sentinel.
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