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.
-
Blackhawk Reports 28% Earnings Increase
Posted on July 26th, 2010 No commentsBeloit-based Blackhawk Bancorp Inc. increased earnings 28 percent in the second quarter as net interest income grew and the firm focused on expense control, according to the company. The parent company of Blackhawk Bank posted a profit of $664,000, or 23 cents a share, compared with $519,000, or 17 cents, in the second quarter of 2009, the Milwaukee Journal Sentinel reported. -
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. -
Baylake Bank Reports 2nd Quarter Earnings
Posted on July 23rd, 2010 No commentsBaylake Corp., parent company of Baylake Bank, reported net income of $1.3 million, or 17 cents per share, for the second quarter. That compares with net income of $500,000, or 7 cents per share, for the second quarter of 2009, according to the Green Bay Press-Gazette. -
Associated Bank Reports 2nd Quarter Loss
Posted on July 22nd, 2010 No commentsGreen Bay-based Associated Banc-Corp. reported a net loss of $10.2 million, or 6 cents per share, for the second quarter, which was an improvement from a net loss of $24.7 million, or 19 cents per share, for the same period a year ago, according to the Small Business Times of Milwaukee. -
U.S. Bank, Wells Fargo Exceed Expectations
Posted on July 21st, 2010 No commentsU.S. Bancorp and Wells Fargo & Co. — reported earnings that topped analysts’ estimates. Minneapolis-based U.S. Bancorp reported $766 million, or 45 cents per share, in net income for the second quarter of 2010. Wells Fargo eported net income of $2.88 billion, or 55 cents per share, according to The Business Journal of Milwaukee. -
TCF Financial Nearly Doubles Profit
Posted on July 15th, 2010 No commentsWayzata, Minn.-based TCF Financial Corp. nearly doubled its second-quarter profit from a year ago. The bank, which has more than two dozen Milwaukee-area locations, posted net income of $45 million, or 32 cents per share, the Business Journal reported. -
Chase Increases Profit by 76%
Posted on July 15th, 2010 No commentsJPMorgan Chase & Co. told investors it set aside $3.36 billion to cover loan-loss reserves, down from $8 billion a year ago, which helped the bank report a 76 percent increase in second-quarter profit, according to the Business Journal of Milwaukee. -
Equitable Bank Making Required Changes
Posted on July 14th, 2010 No commentsJohn Matter, CEO of The Equitable Bank in Wauwatosa, said the bank is making improvements to meet the conditions of a regulatory order. He said the bank’s problems arose a year ago when loans on some condominium projects and a subdivision development went bad in the housing and economic slump. The bank lost $4.8 million in 2009 but posted a profit of $221,000 in the first quarter of 2010, according to FDIC records, the Milwaukee Journal Sentinel reported. -
Anchor Reports Net Loss of $177M for Year
Posted on July 6th, 2010 No commentsAnchor BanCorp Wisconsin Inc. reported a net loss of $26.6 million for the quarter ending March 31 and a net loss of $177.1 million for the year ending March 31, representing a loss of $8.97 per share for the year, according to the Appleton Post-Crescent. -
Associated Focuses on Non-Performing Assets
Posted on May 28th, 2010 No comments“Goal number one this year is to reduce our non-performing assets. Goal number two is to become much more focused again on our customers. We’re doing a lot of work across the company now to make sure that we know what our risk appetite is. We’re redefining that right now,” said Associated Bank CEO Phil Flynn. Read the Q&A in the Milwaukee Small Business Times.