Wisconsin Banking Update
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One in 4 Wis. Banks Lost Money in 2009
Posted on February 23rd, 2010 No commentsSeventy-one of 281 banks based in the state, or 25 percent, lost money in 2009, according to the FDIC. That compares with 46 of 283 banks that posted losses in 2008, roughly one of every six, or 16 percent. In contrast, in 2005 only 2 percent of banks in the state were unprofitable, the Milwaukee Journal Sentinel reported. Read more about the FDIC statistics in the Milwaukee Business Journal and the Milwaukee Small Business Times.
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