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Posted on February 18th, 2011
editor
A study from Thomson Reuters and Freeman Consulting Services concludes “the global market for M&A will surge 36 percent in 2011 to over $3 trillion.” But on the flip side, more than 60 percent of all mergers fail to achieve their financial goals, and 20 percent of them actually reduce the value of the merged company, according to Fast Company. The importance of a good communications strategy is becoming more widely recognized within M&A communities, according to a Small Business Times column.
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Posted on February 18th, 2011
editor
The University of Wisconsin-Milwaukee’s Lubar School of Business will present the daylong seminar “2011 Outlook Conference” on March 24, at the UWM Union. Executives from many companies will speak, including Northwestern Mutual, Stark Investments, Robert W. Baird & Co., Mason Wells, J.P. Morgan Chase, Briggs & Stratton, Cleary Gull Inc. and Generac. Read more in the Small Business Times.
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Posted on February 18th, 2011
editor
Legacy Bank in Milwaukee saw its capital position worsen in the fourth quarter of 2010. The bank, which was founded by three African American women in 1999, also is one month past a 60-day deadline from the Federal Reserve Bank to develop a plan addressing Legacy’s shortage of capital, The Business Journal reported.
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Posted on February 18th, 2011
editor
Associated Bank is expanding operations to Indiana with a loan production office. Associated Bank has operations in other regional cities including Minneapolis, Chicago, Milwaukee and St. Louis. The bank operates in 281 locations in Wisconsin, Illinois and Minnesota, according to the Green Bay Press-Gazette.
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Posted on February 17th, 2011
editor
Anchor BanCorp Wisconsin is one of more than two dozen banks that have agreed to let U.S. Treasury Department observers attend board meetings after the banks failed to make dividend and interest payments on their Troubled Asset Relief Program debt, Bloomberg reported. Read The Business Journal article.
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Posted on February 17th, 2011
editor
The profits of Beloit-based Blackhawk Bancorp Inc. increased 52 percent in the fourth quarter on revenue from mortgage refinancing and an improved net interest margin. The company had net income of $886,000, or 33 cents a share, up from $582,000, or 19 cents, in fourth quarter 2009, the Milwaukee Journal-Sentinel reported.
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Posted on February 17th, 2011
editor
In the fourth quarter of 2010, 8.93 percent of all mortgages were past due in the U.S. – at least one payment behind but not in foreclosure – compared with 10.44 percent in fourth quarter 2009. Wisconsin ranked 40th in the nation with a delinquency rate of 6.26 percent, down from 7.96 percent in fourth quarter 2009. Figures aren’t seasonally adjusted. Read the Milwaukee Journal Sentinel story.
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Posted on February 16th, 2011
editor
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Posted on February 16th, 2011
editor
Look for more bank mergers and acquisitions in Wisconsin and elsewhere as the Dodd-Frank act takes hold and bank boards try to manage the resulting higher costs and lower fee income, said Sharon Stark, a managing director with Sterne Agee in Birmingham, Ala., at a CFA Society of Milwaukee luncheon. Read more in The Business Journal.
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Posted on February 14th, 2011
editor
The State Bank of Cross Plains reported $5.3 million in net income with $798.4 million in assets for 2010, up from $3.9 million in net income in 2009 with $721.6 million in assets. Part of the increase was due to the acquisition of Black Earth State Bank last May, the Wisconsin State Journal reported.
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