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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Economic Uncertainty Plagues State
Posted on December 20th, 2008 No commentsEven though the state’s financial industry has fared better than that of the rest of the nation, Wisconsin banks saw profits dip 72 percent in the most recent quarter. Yet some are continuing to thrive in spite of the tougher climate. Park Bank of Madison saw its profits rise by 12.8 percent last quarter and has applied for a possible sale of between $7 million and $21 million in stock to the Treasury to keep making new loans here, President and CEO Jim Hegenbarth said in the Wisconsin State Journal.
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