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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Summit Credit Union is State’s Largest CU
Posted on July 24th, 2010 No commentsMadison-based Summit Credit Union has surpassed Landmark Credit Union to become the largest in Wisconsin, with $1.5 billion in assets. CEO-elect Kim Sponem said Summit’s business lending is close to 9 percent of its assets, with plans to do more. “She said the credit union wants to pick up the slack on small-business lending that some banks either can’t or won’t do in the sluggish economy,” the Milwaukee Journal Sentinel reported. -
Associated Promotes ‘Dream Team’ of Lenders
Posted on July 22nd, 2010 No commentsAssociated Bank’s “dream team” of commercial lenders is on display in this week’s Crain’s Chicago Business via a multi-page ad spread that includes pull-off business cards. Those featured include Donna Smith, EVP and commercial banking director of Associated Bank’s south region, and Robert Swanson, commercial banking regional manager for the south region. Read more in The Business Journal of Milwaukee. -
‘Credit Vise’ Affects Milwaukee-Area Companies
Posted on July 19th, 2010 No commentsTwo Milwaukee-based companies “are among many caught in a credit vise that continues to squeeze small businesses that use bank loans to fund everything from machinery purchases to building expansions.” But Rose Oswald Poels of the Wisconsin Bankers Association said bank regulators aren’t leaving banks much leeway. Read the Milwaukee Journal Sentinel story. -
‘Still Looking for Good Loans’
Posted on July 13th, 2010 No commentsLake Country bankers and business owners appear to be debunking the conventional wisdom that because of the economy and tighter federal regulations, banks are being stingy about loaning money to small businesses. “We still need good loans. We are still looking for good loans,” said Citizens Bank of Mukwonago President Doug Bruins in a Sussex Sun news article. -
Chase Lowers Rate for Businesses That Hire
Posted on June 30th, 2010 No commentsJPMorgan Chase & Co. is lowering the interest rates for small businesses by 0.5 percent on a new business line of credit for each new employee hired, up to three, for the life of the loan, the company said in a news release. Read more in The Business Journal of Milwaukee. -
Customer Webinar Focuses on Rate Risk
Posted on April 11th, 2010 No commentsAssociated Bank is holding a free webinar, “Managing Interest Rate Risk in a Rising Rate Environment,” from 8:30 to 9:30 a.m. April 13. The session will provide business leaders with information about how to set business strategy in the complicated interest rate environment, according to a listing in the Appleton Post Crescent.