-
One in Five Wis. Banks Ends Year With Loss
Posted on February 25th, 2011 No commentsFifty-six Wisconsin banks — or one of every five — ended 2010 with a loss, according to new FDIC figures. In 2009, 73 banks, or 26 percent, reported a net loss for the year. M&I Marshall & Ilsley Bank had the biggest net loss, at $503.3 million, in 2010, followed by Johnson Bank, Racine, $135.3 million, and Bank Mutual, Brown Deer, $72.2 million, the Wisconsin State Journal reported. -
Johnson Completes Sale of Swiss Subsidiary
Posted on February 11th, 2011 No commentsJohnson Financial Group has completed the sale of its Swiss subsidiary. Terms of the sale of Banque Franck Galland to BCV Group of Lausanne, Switzerland, were not disclosed, according to the Milwaukee Journal Sentinel. -
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. -
M&I, Johnson Bank Closing Branches
Posted on December 14th, 2010 No commentsM&I Bank will close three branches – in Greendale, Wauwatosa and Port Washington – but will not eliminate any jobs. Johnson Bank plans to close a branch in Menomonee, in addition to recently announced branch closings in Arizona, Racine, Sheboygan and Lake Geneva, the Small Business Times reported. -
Johnson Bank to Sell Swiss Subsidiary
Posted on December 8th, 2010 No commentsThe Racine-based parent company of Johnson Bank will sell its Swiss bank subsidiary, Banque Franck Galland, as part of an overall strategic plan to increase its focus on its core U.S. business, the Milwaukee Journal Sentinel reported.
-
Johnson Bank Q3 Loss Totals $39M
Posted on November 2nd, 2010 No commentsJohnson Bank in Racine posted a $39 million loss in the third quarter as it beefed up reserves to cover potential bad debt. The bank has seen deterioration in its commercial real estate portfolio – much of it in its Arizona market – as slowness in the economy has dragged on, said Russ Weyers, chief operating officer. Read the Milwaukee Journal Sentinel article.
-
Johnson Bank Closing Four Ariz. Branches
Posted on September 30th, 2010 No commentsJohnson Bank plans to close four of its nine branches in Arizona in January as a cost-cutting move, the Milwaukee Journal Sentinel reported.
-
Johnson Bank to Close Three Branches
Posted on September 18th, 2010 No commentsRacine-based Johnson Bank will close branches in Lake Geneva and Sheboygan, as well as a drive-up location in Racine, on Dec. 17. The moves are the result of the economy, branch performance and the impact on clients, according to a story in the Janesville Gazette.
-
Johnson Bank’s Hansen to Retire
Posted on July 7th, 2010 No commentsJohnson Financial Group announced that Richard Hansen would retire at the end of 2010 and be succeeded by Russell Weyers, the company’s chief operating officer. Hansen, 64, joined Johnson Bank in 1995, after heading the Madison operations of Firstar Bank. He was hand-picked by Sam Johnson, the patriarch of Racine’s Johnson family companies, according to the Milwaukee Journal Sentinel. -
Johnson Bank, Green Bay, Appoints Sr. VP
Posted on June 6th, 2010 No commentsRichard “Dick” Pigeon has been appointed senior vice president, commercial relationship manager for Johnson Bank in Green Bay. Pigeon has more than 30 years of banking experience in the northeastern Wisconsin market, the Appleton Post Crescent reported.