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Associated Focuses on Non-Performing Assets
Posted on May 28th, 2010 No comments“Goal number one this year is to reduce our non-performing assets. Goal number two is to become much more focused again on our customers. We’re doing a lot of work across the company now to make sure that we know what our risk appetite is. We’re redefining that right now,” said Associated Bank CEO Phil Flynn. Read the Q&A in the Milwaukee Small Business Times.
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Paying Off TARP a Priority for M&I
Posted on May 28th, 2010 No comments“Step one is get to profitability. We have a pretty good shot by the end of the year. We’ll be close if we’re not. The second step after that is pay off TARP. The third step after that is evaluate what the appropriate level for the dividend should be,” said M&I Bank President & CEO Mark Furlong in a Q&A with the Milwaukee Small Business Times.
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Wisconsin Bank Performance Improving
Posted on May 21st, 2010 No commentsFifteen percent, or 42 of the 280 Wisconsin financial institutions insured by the FDIC reported net losses for the quarter that ended March 31. A third of Wisconsin banks and thrifts did not show a profit in the fourth quarter of 2009. Read more in the Wisconsin State Journal and the Milwaukee Journal Sentinel.
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One in 4 Wis. Banks Lost Money in 2009
Posted on February 23rd, 2010 No commentsSeventy-one of 281 banks based in the state, or 25 percent, lost money in 2009, according to the FDIC. That compares with 46 of 283 banks that posted losses in 2008, roughly one of every six, or 16 percent. In contrast, in 2005 only 2 percent of banks in the state were unprofitable, the Milwaukee Journal Sentinel reported. Read more about the FDIC statistics in the Milwaukee Business Journal and the Milwaukee Small Business Times.