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M&I Reports 7th Year of Checking Growth
Posted on May 17th, 2010 No commentsM&I Bank marked seven years of consecutive monthly net personal checking account growth, according to a company press release.
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Nicolet Acquires Four Anchor Branches
Posted on May 9th, 2010 No commentsNicolet National Bank’s acquisition of four AnchorBank branches in Brown County, Wis., is a natural evolution for the 10-year-old bank, which wants to increase its retail-banking profile, according to a column in the Green Bay Press-Gazette.
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Associated Included in Class-Action Suit
Posted on April 5th, 2010 No commentsA class action lawsuit filed Friday in U.S. District Court questions the way that Green Bay-based Associated Bank calculates and charges overdraft fees when customers use debit cards. Other banks in the lawsuit include bank of America, Citibank, JPMorgan Chase, Union Bank, U.S. Bank, Wachovia and Wells Fargo, the Wisconsin State Journal reported.
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Chase Positioned to Compete with PNC
Posted on March 10th, 2010 No commentsAfter PNC Financial announced plans for a $50 million expansion in the Milwaukee area, a spokesperson with Chase bank said the company is well-positioned to compete. On the retail side, Chase is hiring more bankers, loan officers and small-business bankers, and it recently introduced envelope-free ATMs and mobile banking services, according to an article in the Milwaukee Business Journal.
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Swearing Off Credit Has Downside Too
Posted on February 21st, 2010 No commentsAlthough the credit report firm Equifax says credit card applications are down nearly 50 percent, smaller card issuers like Appleton-based Prospera Credit Union have seen the opposite. At the same time, some people, such as young professionals, are swearing off credit cards entirely – which could actually delay the process of establishing a good credit profile. Read more in the Oshkosh Northwestern.
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Wells Rolls Out Text Banking to Customers
Posted on February 5th, 2010 No commentsWells Fargo & Co. has begun offering “text banking” to all its customers, including those who haven’t yet enrolled in the bank’s online-banking program, the Business Journal of Milwaukee reported.
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Federal Law Brings Changes in Overdraft Fees
Posted on January 22nd, 2010 No commentsA check of local banks that provided information to the Wisconsin State Journal found a number of modest fee changes that some customers will face because of a change in federal law related to overdraft fees. Mike Petta, manager of the Verona branch of Capitol Bank, said he thinks smaller banks are trying to hold the line on fees. Read the article.
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Banks, UW-Extension Offer ‘Get Checking’
Posted on January 10th, 2010 No commentsUniversity of Wisconsin-Extension offices and Wisconsin banks are teaming up to help give troubled consumers a second chance at having a checking account, the Wisconsin Rapids Tribune reported. Residents of Adams, Marathon, Waushara, Waupaca and Wood counties can pay $10 to participate in the three-hour Get Checking Program. Upon completion, they receive a certificate they can bring to a sponsoring bank.
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Wisconsin Ranks High on Auto Loan Scores
Posted on December 9th, 2009 No commentsWisconsin ranked second in the nation in its average credit score for new car loans, with 796, trailing only Minnesota (804). Wisconsin ranked first in the nation in average credit score for used vehicle loans, with 733, according to a quarterly analysis of automotive credit by Experian Automotive. Read more in the Small Business Times of Milwaukee.
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New Rule for Overdraft Fees Takes Effect June 1
Posted on November 12th, 2009 No commentsBanks will have to secure their customers consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced by the Federal Reserve, the Wisconsin State Journal reported.