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.
-
Flynn Leads Associated Out of Slump
Posted on December 25th, 2011 No commentsWhen Philip B. Flynn became chief executive of the parent company of Associated Bank last December, Associated Banc-Corp’s loan portfolio was ailing and the company was headed toward a losing quarter. The company’s stock price was down 45% for the year. But a year later, Associated appears to have emerged from its slump. Read more in the Milwaukee Journal Sentinel. -
Bank Mutual SVP Leaving Job
Posted on February 25th, 2011 No commentsChristopher Callen will leave his position as senior vice president of lending at Bank Mutual for unspecified reasons. Bank Mutual disclosed in a regulatory filing Thursday that Callen, who has been an executive officer with Bank Mutual Corp. since 1998, will leave his position on March 18, the Business Journal reported. -
Others Critical of M&I ‘Golden Parachutes’
Posted on February 11th, 2011 No commentsMany members of metropolitan Milwaukee’s financial community reacted with uncharacteristic outrage to the recent disclosure that Marshall & Ilsley Corp. executives will receive a combined $70 million in “golden parachute” payments when the bank is sold to BMO Financial, the Business Journal reported. -
Koltons Resign from Foundations Bank
Posted on February 11th, 2011 No commentsGreg and Heidi Kolton have resigned as chief executive officer/president and chief operating officer/executive vice president, respectively, of financially troubled Foundations Bank in Pewaukee and its holding company, Generations Bancorp Inc., effective immediately. The Koltons remain shareholders of the bank they formed in 2005, according to the Small Business Times. -
Associated Names New SVP for Western Wis.
Posted on February 10th, 2011 No commentsTim Kotnour has been promoted to senior vice president, business segment leader in commercial banking at Associated Bank. He is responsible for leading Associated’s Wisconsin western region commercial banking group, which includes Madison, La Crosse, Eau Claire and Rockford, Ill., the Wisconsin State Journal reported. -
Wells Fargo CFO’s Retirement Surprises Some
Posted on February 8th, 2011 No commentsWells Fargo & Co.’s chief financial officer, Howard Atkins, 60, will retire after taking nearly a half year of unpaid leave and will be replaced by the bank’s administrative chief, Timothy Sloan, 50. The unpaid leave begins immediately, which raised questions about the CFO’s departure, WTAQ-FM reported. -
Security Financial Names New EVP
Posted on February 3rd, 2011 No commentsGeorge Hauser of River Falls, a 28-year veteran of banking in Wisconsin and eastern Minnesota, has joined the senior management team at Security Financial Bank in Durand. Hauser has assumed the position of executive vice president and chief credit officer, the River Falls Journal reported. -
Payout to M&I Execs Disclosed
Posted on February 2nd, 2011 No commentsThe Canadian parent company of Harris Bank outbid another financial institution to acquire M&I Corp. in December, a regulatory document shows.The document also discloses that top M&I executives will receive millions of dollars in connection with the transaction, including an $18 million payout to M&I Chairman and CEO Mark Furlong, the Milwaukee Journal Sentinel reported. -
Anchor Announces Executive Changes
Posted on January 31st, 2011 No commentsAnchor Bank recently announced the following executive staff changes:* Mark Timmerman was named executive vice president, general counsel/corporate secretary, a similar role he serves in the holding company AnchorBanCorp Wisconsin Inc.* Tom Dolan was appointed executive vice president, chief financial officer. Dolan has more than 25 years of banking experience.* Scott McBrair was named executive vice president of retail banking. McBrair brings more than 20 years of experience in retail banking, more recently with First Niagara Bank. -
Starion Financial Hires New Senior VP
Posted on January 20th, 2011 No commentsStarion Financial has hired Greg Callin as senior vice president at its Middleton bank at 1651 John Q. Hammons Drive, according to the Wisconsin State Journal.