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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Wisconsin Community Bank’s Profits Increase
Posted on February 9th, 2011 No commentsWisconsin Community Bank reported profits of $7.4 million for 2010, up from $4.4 million in 2009, with assets of $474 million, up from $448 million in 2009. The bank had $321 million in loans last year and said it is ranked fourth in the nation for loans through the U.S. Department of Agriculture, the Wisconsin State Journal reported. -
Anchor Reports Q4 Loss of $14M
Posted on February 7th, 2011 No commentsProblem loans continue to plague Anchor BanCorp Wisconsin, contributing to a net loss of $14 million, or 66 cents a share, for the three months that ended Dec. 31, the company reported. Read the Wisconsin State Journal article.
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Bank First National to Pay Dividend
Posted on February 6th, 2011 No commentsFirst Manitowoc Bancorp, parent company of Bank First National, will pay a quarterly cash dividend on March 11 of $0.105 per common share to shareholders of record on Feb. 25. Bank First National has opened a Fox River Valley branch in downtown Oshkosh, according to the Manitowoc Herald Times Reporter.
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Baylake Reports 4th Quarter Loss
Posted on February 2nd, 2011 No commentsBaylake Corp. reported a loss of $500,000, or 7 cents per share, in the fourth quarter. In the fourth quarter of 2009, the company reported net income of $700,000, or 9 cents per share, the Green Bay Press-Gazette 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. -
Johnson Bank Reports $102M Q4 Loss
Posted on January 31st, 2011 No commentsRacine-based Johnson Bank lost $102 million in the fourth quarter – the bank’s largest quarterly loss ever – as more loans, primarily in Arizona, deteriorated amid a housing slump and slow economy. For all of 2010, Johnson Bank lost about $135.3 million, according to regulatory records. Read more in the Milwaukee Journal Sentinel. -
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. -
Associated Reports Profitable Quarter
Posted on January 21st, 2011 No commentsGreen Bay-based Associated Banc-Corp reported net income of $6.6 million, or 4 cents per common share, for the fourth quarter of 2010. It was the second consecutive profitable quarter for Associated Bank, according to the Small Business Times.
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Lending Gradually Increasing
Posted on January 21st, 2011 No commentsBetween the second and third quarters of 2010, the total loan holdings of Wisconsin’s FDIC-insured banks and savings institutions rose from $105.1 billion to $105.8 billion, the first recorded increase since the second quarter of 2008, Milwaukee News Buzz reported. -
Ninth Quarterly Loss for M&I
Posted on January 20th, 2011 No commentsM&I Bank reported its ninth straight quarterly loss of $133 million, or 25 cents per share, from October through December. In the same quarter of 2009, M&I lost $260 million, the Pierce County Herald reported.