Wisconsin Banking Update
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Southport Under Voluntary FDIC Agreement
Posted on November 27th, 2009 No commentsSouthport Bank of Kenosha, Wis., said it has entered a voluntary agreement with the Federal Deposit Insurance Corp. to take actions to strengthen its lending processes, raise capital and improve its loan documentation. The Southport Bank management and board is in the process of raising additional capital, said Jerry Schwallier, president and CEO since June. Read more in the Milwaukee Business Journal.
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