-
Most Banks Recover After Regulatory Action
Posted on November 14th, 2010 No commentsThrough Nov. 5 of this year, the feds already had shuttered 143 banks nationally. But according to the FDIC, most troubled banks eventually recover, the Janesville Gazette wrote in a recent article. -
Anchor Reaches ‘Adequately Capitalized’ Status
Posted on November 8th, 2010 No commentsAnchor BanCorp Wisconsin Inc. has achieved “adequately capitalized” status as required by the federal Office of Thrift Supervision, The Business Journal reported. -
35 Banks Now Under Regulatory Order
Posted on October 29th, 2010 No commentsISB Community Bank has been told to take steps to strengthen the bank and improve operations by the FDIC, the Milwaukee Journal Sentinel reported. The order is similar to many of the more than 35 special orders and agreements between regulators and Wisconsin-based banks over the last two years. ISB Community Bank President Jeff Knudtson said the bank already has completed many of the terms of the agreement.
-
Eagle River Bank Under Regulatory Order
Posted on October 15th, 2010 No commentsFirst National Bank of Eagle River has been told to deal with problem loans and revise its investment portfolio management policy, a regulator disclosed. The Office of the Comptroller of the Currency accused the bank of “unsafe and unsound banking practices relating to credit risk management and investment management systems,” the Milwaukee Journal Sentinel reported.
-
Five More Banks Under Regulatory Action
Posted on September 25th, 2010 No commentsThe Federal Deposit Insurance Corp. issued consent orders with steps to improve to First State Bank of New London; the Park Bank of Madison; Community Business Bank of Sauk City; Cambridge State Bank of Cambridge; and Securant Bank & Trust of Menomonee Falls. Read the article in the Appleton Post Crescent. -
North Shore Takes Over Maritime Locations
Posted on September 17th, 2010 No commentsNorth Shore Bank entered into an agreement with the FDIC to assume the deposits of West Allis-based Maritime Savings Bank after Office of Thrift Supervision regulators closed Maritime on Sept. 17. Maritime had eight branches in the Milwaukee area and one branch in the Phoenix, Ariz., area. Read more in the Milwaukee Business Journal.
-
OTS Approves Anchor’s Plan
Posted on September 7th, 2010 No commentsAnchor BanCorp Wisconsin Inc. of Madison said it has received conditional approval of its capital restoration plan from the Office of Thrift Supervision and has consented to take prompt corrective action to address capital issues, the Business Journal of Milwaukee reported.
-
Loan Modification Co. Fined, Banned
Posted on September 3rd, 2010 No commentsFederal Loan Modification Center LLP, a California company that markets loan modification and foreclosure rescue services, has been ordered to pay $105,754 for deceptive marketing practices. The company has also been ordered to stop conducting business in Wisconsin. Read more in the Business Journal of Milwaukee.
-
Burlington, Kenosha Banks Raising Capital
Posted on September 1st, 2010 No commentsFirst Banking Center of Burlington and the holding company for Bank of Kenosha have raised capital under their agreements with federal regulators. Read more in the Kenosha News.
-
Mukwonago Bank Under Regulatory Order
Posted on August 26th, 2010 No commentsCitizens Bank of Mukwonago is the latest southeast Wisconsin bank to fall under an agreement with banking regulators to improve its profits, limit lending and maintain above-average capital ratios. Read more in The Business Journal or the Milwaukee Journal Sentinel.