-
702 Banks on FDIC List in 4th Quarter
Posted on March 2nd, 2010 No commentsThe number of troubled banks in the United States jumped to 702 in the fourth quarter, according to FDIC figures reported in the Small Business Times. U.S. banks essentially broke even in October-December, earning $914 million in the quarter, compared with a $37.8 billion loss in fourth quarter 2008. Read more in the Small Business Times or the Business Journal.
-
One in 4 Wis. Banks Lost Money in 2009
Posted on February 23rd, 2010 No commentsSeventy-one of 281 banks based in the state, or 25 percent, lost money in 2009, according to the FDIC. That compares with 46 of 283 banks that posted losses in 2008, roughly one of every six, or 16 percent. In contrast, in 2005 only 2 percent of banks in the state were unprofitable, the Milwaukee Journal Sentinel reported. Read more about the FDIC statistics in the Milwaukee Business Journal and the Milwaukee Small Business Times.
-
Acquisitions in the Future for Associated
Posted on February 12th, 2010 No commentsNew Associated Banc-Corp CEO Phil Flynn is eager, but not ready, to make acquisitions to expand the bank’s presence in Wisconsin, the Twin Cities and metro Chicago, the Business Journal of Milwaukee reported.
-
Anchor Reports $12.2M Loss for Quarter
Posted on February 5th, 2010 No commentsThe parent company of AnchorBank lost $12.2 million in the quarter ended Dec. 31 as it increased loan loss reserves again. CEO Chris Bauer noted that while the quarterly provision for loan losses remained high at almost $10.5 million, it was down $50.4 million from the previous quarter. Read the Milwaukee Journal Sentinel article.
-
Bank of Luxemburg Pays Dividend
Posted on February 4th, 2010 No commentsThe parent company of Bank of Luxemburg paid a semi-annual cash dividend of 50 cents per share to stockholders in December. “We are profitable and expect to remain so,” said President John Slatky in the Green Bay Press-Gazette.
-
Bank Mutual Declares Dividend
Posted on February 3rd, 2010 No commentsBank Mutual Corp. will pay a quarterly cash dividend of 7 cents per share on March 1 to shareholders of record on Feb. 11, the Green Bay Press-Gazette reported.
-
Amcore Reports Smaller Q4 Loss
Posted on February 2nd, 2010 No commentsAmcore Financial Inc., a Rockford, Ill.-based bank holding company that sold four of its Wisconsin branches in 2009 to help shore up its capital position, reported a smaller net loss for the fourth quarter of 2009, the Business Journal of Milwaukee reported.
-
Baylake Corp. Posts 4th Quarter Profit
Posted on January 25th, 2010 No commentsBaylake Corp., the Sturgeon Bay-based parent company of Baylake Bank, posted a profit of $678,000 for the fourth quarter of 2009, a turnaround from its net loss of $9.9 million the year before. Earnings were 9 cents per share, compared with the net loss of $1.25 per share, in fourth quarter 2008, according to the Milwaukee Business Journal.
-
Bank Mutual Earnings Down 76%
Posted on January 22nd, 2010 No commentsBrown Deer, Wis.-based Bank Mutual Corp. reported fourth-quarter profits had dropped 76 percent as it increased loan-loss reserves. Bank Mutual posted net income of almost $1.5 million, or 3 cents a share, down from $6.2 million, or 13 cents, in fourth quarter 2008, according to the Milwaukee Journal Sentinel.
-
U.S. Bancorp Ends Year With Record Revenues
Posted on January 20th, 2010 No commentsU.S. Bancorp reported fourth quarter net income of $602 million, or 30 cents per share, up from $330 million, or 15 cents per share, in the same period a year ago.
The Minneapolis-based parent company of U.S. Bank said its most recent quarter’s growth was the result of strong year-over-year growth in both net interest income and fee revenue. Read more in the Milwaukee Small Business Times.