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.
-
New Associated Exec Going Over Portfolio
Posted on December 5th, 2009 No commentsPhilip Flynn, the new chief executive of Green Bay, Wis.-based Associated BancCorp said he intends to spend a lot of time drilling into the books of Associated, which, like many banks, has been taking losses on real estate projects that ran into trouble as the housing market and economy slumped. “You have to very clearly, very conservatively, very coldly look at the portfolio and forecast what your loss content is and deal with that,” Flynn told the Milwaukee Journal Sentinel. Read the article.
Leave a reply