Wisconsin Banking Update
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Johnson Bank Q3 Loss Totals $39M
Posted on November 2nd, 2010 No commentsJohnson Bank in Racine posted a $39 million loss in the third quarter as it beefed up reserves to cover potential bad debt. The bank has seen deterioration in its commercial real estate portfolio – much of it in its Arizona market – as slowness in the economy has dragged on, said Russ Weyers, chief operating officer. Read the Milwaukee Journal Sentinel article.
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