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.
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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. -
One in Five Wis. Banks Ends Year With Loss
Posted on February 25th, 2011 No commentsFifty-six Wisconsin banks — or one of every five — ended 2010 with a loss, according to new FDIC figures. In 2009, 73 banks, or 26 percent, reported a net loss for the year. M&I Marshall & Ilsley Bank had the biggest net loss, at $503.3 million, in 2010, followed by Johnson Bank, Racine, $135.3 million, and Bank Mutual, Brown Deer, $72.2 million, the Wisconsin State Journal reported. -
Bank Mutual Reports $76M Q4 Loss
Posted on January 31st, 2011 No commentsBrown Deer-based Bank Mutual Corp. reported a fourth quarter net loss of $76.4 million, or $1.68 per diluted share, compared to net income of $1.5 million, or 3 cents per diluted share, in the fourth quarter of 2009, the Small Business Times reported. -
Bank Mutual Posts 4th Quarter Loss
Posted on January 28th, 2011 No commentsBank Mutual Corp. said it posted a fourth-quarter net loss of $76.4 million, or $1.68 per share, compared with a net income of $1.5 million, 3 cents a share, in the same quarter of 2009, according to The Business Journal. -
Bank Mutual Names New Senior Exec
Posted on January 10th, 2011 No commentsGregory Larson has been named to the newly created position of senior vice president and director of commercial banking at Bank Mutual, based in the Milwaukee area. Larson is responsible for all aspects of middle market banking, business banking, treasury management, international banking, and merchant services, according to a press release on WisBusiness.com. -
Bank Mutual Restructures Balance Sheet
Posted on December 20th, 2010 No commentsMilwaukee-based Bank Mutual Corp. announced that its board of directors has approved a balance sheet restructuring as part of an overall strategy to strengthen the company going forward. Read more in the Small Business Times. -
Bank Mutual Declares Quarterly Dividend
Posted on November 3rd, 2010 No commentsBank Mutual Corp., based near Milwaukee, declared a quarterly cash dividend of 3 cents per share. It is the 40th cash dividend the company will have paid since becoming publicly traded in 2000, according to the Green Bay Press-Gazette. -
Earnings Continue Decline at Bank Mutual
Posted on October 21st, 2010 No commentsEarnings fell about 26 percent for Bank Mutual Corp. in the third quarter as the banking firm beefed up reserves for potential bad debt and saw its interest income from loans decline. The Brown Deer parent company of Bank Mutual had net income of $926,000, or 2 cents a share, compared with more than $1.2 million, or 3 cents, in third quarter 2009. Read the Milwaukee Journal Sentinel article. -
Bank Mutual Reports 2nd Quarter Earnings
Posted on July 24th, 2010 No commentsBank Mutual Corp. reported net income of $731,000, or 2 cents per share, for the second quarter, compared with net income of $3.8 million, or 8 cents per share, for the same period a year ago. Michael Crowley Jr., chairman, president and CEO, said lower earnings were the result of low interest rates and weakness in the commercial real estate market, the Green Bay Press-Gazette reported. -
Combined Reporting Raising Business Tax Bills
Posted on May 14th, 2010 No commentsWisconsin Rep. Leah Vukhmir (R-Wauwatosa), who is running for state Senate, called for a special session of the legislature to repeal combined reporting. Many businesses, including Brown Deer, Wis.-based Bank Mutual Corp., Harley Davidson and Rockwell Automation have seen their tax bills increase as a result of the 2009 law. Bank Mutual saw its effective tax rate increase by 6.1 percent, said CFO Michael Dosland. Read the Small Business Times article.