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Blog: M&I Execs ‘Defensive’
Posted on December 23rd, 2010 No comments“A brutal two-plus years for Marshall & Ilsley Corp. and its shareholders likely ended with the Dec. 17 news of the bank being sold, but many shareholders remain bitter and top executives remain defensive,” writes Rich Kirchen in The Business Journal’s BizTalk blog. -
M&I Shareholder Sues Over Acquisition
Posted on December 21st, 2010 No commentsA shareholder filed a class action lawsuit against Marshall and Isley Bank claiming the current acquisition deal between M&I and the Bank of Montreal is unfair, reported WISN-TV in Milwaukee. -
Anchor Ready for ‘Change in Strategic Direction’
Posted on December 5th, 2009 No commentsThis is a major change in strategic direction. Its a big turnaround story for the state, said Chris Bauer, a former Milwaukee bank executive who came out of retirement last June to take over as president and CEO of Anchor BanCorp, of Anchor’s proposed deal that will make Badger Holdings its majority stockholder. Read more in the Wisconsin State Journal.
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Anchor Agrees to Recapitalization Plan
Posted on December 1st, 2009 No commentsThe parent company of AnchorBank said it has entered into agreements with Badger Anchor Holdings LLC, which would invest up to $400 million in Anchor. Badger Anchor Holdings was organized by Badger Capital LLC. The private investment group is led by Steven D. Hovde, chief executive of Hovde Financal Inc. in Chicago, a firm with expertise in investments in financial institutions. Read the Milwaukee Journal Sentinel article.