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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FBI Investigating Bank-Owned Insurance Co.
Posted on June 12th, 2010 No commentsThe FBI is investigating possible financial crimes committed by former employees of Manson Insurance. Managers at River Valley Bank in Wausau, Wis., which bought Manson Insurance in April 2009, have no reason to suspect any current employees, bank president Steve Anderson said in the Wausau Daily Herald.
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Northwestern Mutual Pays 2nd Highest Dividend
Posted on January 28th, 2010 No commentsNorthwestern Mutual Life Insurance Co. said it will pay $4.7 billion in dividends to policy owners this year, even as the company’s net income fell 33.5 percent to $321 million from $483 million in 2008. The company said 2,340 new full-time financial representatives joined its network in 2009, up 12 percent from 2008. Read more in the Milwaukee Journal Sentinel.