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Wells Fargo Could Be Nation’s Largest
Posted on February 21st, 2011 No commentsWells Fargo, which holds the sixth-largest deposit market share in the Milwaukee area, now serves one-third of the nation’s households, 10 percent of its small businesses and 70 percent of the Fortune 500 – all reasons why it could someday be the country’s largest bank, according to a Business Journal article. -
Six Wisconsin CUs Reach Billion-Dollar Status
Posted on November 3rd, 2010 No commentsFive years ago, not a single Wisconsin credit union had deposits of more than $1 billion. Today, there are six, including two based in Madison: Summit and UW credit unions. Banks far outnumber credit unions in the state and they hold 88 percent of the money in Wisconsin financial institutions. But credit unions, with a 12 percent market share based on deposits as of June 30, are a growing force. Read the Wisconsin State Journal article. -
Associated CEO Sets Sights High
Posted on October 15th, 2010 No commentsAssociated Banc-Corp CEO Phil Flynn is throwing down the gauntlet to his competitors in Wisconsin, setting 2015 as the target for third-ranked Associated Bank to surpass top ranked M&I Marshall & Ilsley Bank and No. 2 U.S. Bank to become the state’s market leader, according to the Business Journal of Milwaukee. -
M&I Leads State in Market Share
Posted on October 7th, 2010 No commentsMilwaukee-based M&I had deposits of more than $24 billion, leading the state with 18.95 percent of deposit market share, according to the FDIC. That is up slightly from 18.79 percent in 2009. In the Milwaukee metro area, M&I’s market share was 29.6 percent, up from 28.04 percent in last year’s FDIC survey, the Milwaukee Journal Sentinel reported. -
Harris Gains Foothold With Madison Branches
Posted on June 5th, 2010 No commentsFive of the 11 Amcore branches that Harris Bank recently acquired are in Madison, giving Harris “the start of a foothold” in the broader Wisconsin market, according to Harris market president Tom Bolger. Harris is well known in Chicago, where it is third in deposit market share. Read the Milwaukee Journal Sentinel article.
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JP Morgan Chase Reports Earnings Jump
Posted on April 14th, 2010 No commentsGains in its investment banking operations helped JPMorgan Chase & Co., the bank with the third-largest deposit market share in the Milwaukee area, to a double-digit earnings jump for its first quarter, beating expectations, according to the Business Journal of Milwaukee.
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Wisconsin Bank Deposits Grow 9.5%
Posted on October 16th, 2009 No commentsDeposits in Wisconsin banks have grown 9.5 percent this year, a pace faster than the national increase of 7.6 percent. The increase could be attributed to investors fleeing the stock market for a place considered safer. Read more, and see which banks have the largest market share in the metro areas, in the Milwaukee Journal Sentinel.