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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Flynn Leads Associated Out of Slump
Posted on December 25th, 2011 No commentsWhen Philip B. Flynn became chief executive of the parent company of Associated Bank last December, Associated Banc-Corp’s loan portfolio was ailing and the company was headed toward a losing quarter. The company’s stock price was down 45% for the year. But a year later, Associated appears to have emerged from its slump. Read more in the Milwaukee Journal Sentinel. -
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. -
Bankers: CRE Lending Hasn’t Stopped
Posted on January 12th, 2011 No commentsWhile most commercial real estate professionals say the capital markets have only improved slightly, bank executives continue to finance quality commercial real estate projects in southeastern Wisconsin. Read more in the Small Business Times of Milwaukee. -
SBA Lending Spikes in December
Posted on January 10th, 2011 No commentsWith incentives to lend and borrow about to expire, Wisconsin banks advanced $190 million in federally guaranteed Small Business Administration loans in December, by far the largest monthly total in at least five years. The money was packaged in 337 separate loans, also a high number for a month. Read more in the Milwaukee Journal Sentinel.
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Wis. Bank Chosen for Lending Program
Posted on January 2nd, 2011 No commentsSheboygan-based Community Bank & Trust has announced its approval by the U.S. Department of Transportation as a new participating lender in the Short Term Lending Program. The bank joins only 21 other lenders across the country to offer this service, the Sheboygan Press reported.
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Revolving Loan Funds Can Help
Posted on December 26th, 2010 No commentsBoth Green Bay and Brown County have revolving-loan funds, available to businesses when they can’t get money elsewhere, and the Green Bay Area Chamber of Commerce, in combination with local banks, will launch a microloan program in January. Read more in the Green Bay Press Gazette. -
Lenders Calling on M&I Customers
Posted on December 22nd, 2010 No commentsLenders at other Wisconsin banks are taking advantage of opportunities for new business after the recently announced acquisition of M&I Bank by BMO Financial. Read the Milwaukee Journal Sentinel article and The Business Journal blog. -
‘New Money Won’ in M&I Deal
Posted on December 17th, 2010 No commentsMarshall & Ilsley Corp., Wisconsin’s largest bank holding company, was sold to BMO – the Canadian operator of the Bank of Montreal and Harris Bank – for $4.1 billion in stock, or $7.75 a share. Not a bad price, if you purchased the stock last year for $5.75 a share in one of M&I’s two offerings – but if you’re a longtime shareholder, the sale price doesn’t look so hot. Some say a change in the bank’s lending style was responsible for the dramatic losses that led to the sale. Read the Milwaukee Journal Sentinel article. -
Merger Clause Helps Bank in Dispute
Posted on December 15th, 2010 No commentsA merger clause in a bank’s lending agreement barred a real estate firm from obtaining breach of contract damages for the bank’s failure to extend additional loan amounts for a condominium project in Milwaukee, the Wisconsin Supreme Court recently held. Read the State Bar of Wisconsin article. -
Loan Demand Improves Stock Outlook
Posted on December 12th, 2010 No comments“When investment fund manager Jon Bruss looks at banks, one thing stands out: solid increases in loan demand. It may sound like a flashback to better days, but Bruss says many banks in his portfolio are doing more lending. Recently, four of those banks raised capital because they need more funds to meet the increased demand, he said,” began an article about bank stocks in the Milwaukee Journal Sentinel.