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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U.S. Bancorp Going Strong Decade After Merger
Posted on January 28th, 2011 No commentsIn the decade since U.S. Bancorp acquired Firstar, U.S. Bancorp has remained a force in metropolitan Milwaukee business as well as in the civic arena. Employment is actually about the same, at more than 3,300, according to U.S. Bank representatives, The Business Journal reported. -
U.S. Bank Eliminating 64 Support Jobs
Posted on January 13th, 2011 No commentsAbout 64 jobs at U.S. Bank in downtown Milwaukee will be eliminated under a restructuring plan this spring. Bank spokesman Steve Dale said call center jobs and positions in the fraud and dispute management area are being eliminated, the Milwaukee Journal Sentinel reported. -
U.S. Bank to Build New Appleton Branch
Posted on December 11th, 2010 No commentsU.S. Bank recently broke ground on its fourth Fox Cities area branch location near the intersection of E. Calumet Street and Kensington Drive on the city’s east side, the Appleton Post-Crescent reported. -
U.S. Bank Lawsuit Divides Court
Posted on November 24th, 2010 No commentsA lawsuit alleging that U.S. Bank fired an employee to prevent paying her benefits has divided the Wisconsin Supreme Court. The high court, in reviewing an opinion from the state’s First District Court of Appeals, was split 3-3 on whether state law protected the benefits the employee, Deanne Phillips, accrued while working as a financial planner for the bank between 1998 and 2007, according to Milwaukee Magazine’s NewsBuzz. -
U.S. Bank Drops ATM fees at UW-SP
Posted on October 28th, 2010 No commentsU.S. Bank, which provides banking services at the University of Wisconsin-Stevens Point, has dropped its surcharge on non-account holders who use their automatic teller machines on campus, according to a press release on WisBusiness.com. U.S. Bank recently won renewal of its five-year contract with UW-SP. -
Big Banks Address Milwaukee Foreclosures
Posted on October 24th, 2010 No commentsRepresentatives of five of the nation’s leading banks told a crowd of 1,100 that they would work with the advocacy group Common Ground to deal with Milwaukee’s foreclosure crisis, including maintaining vacant land and boarded-up properties. Representatives from U.S. Bank, Wells Fargo, Bank of America, JPMorgan Chase & Co. and Deutsche Bank were at the meeting. Read more in the Milwaukee Journal Sentinel. -
U.S. Bankcorp Earnings Up from Year Ago
Posted on October 20th, 2010 No commentsMinneapolis-based U.S. Bancorp, the second-largest bank in Wisconsin (by deposits), reported third quarter net income of $908 million, or 45 cents per share, up from $603 million, or 30 cents per share, in the same period a year ago, according to the Small Business Times. -
Women Staff at U.S. Bank Recognized
Posted on October 10th, 2010 No commentsU.S. Banker magazine recognized U.S. Bancorp in its annual “Most Powerful Women in Banking” issue. U.S. Bancorp’s team of 64 women leaders ranked among the Top Banking Teams for 2010, and Milwaukee banker Lynn Heitman, senior vice president of retail payment solutions based in Milwaukee, was 18th among the 25 Women to Watch, according to the Milwaukee Journal Sentinel’s Awards in Business section. -
U.S. Bank Choose Kansas for New Jobs
Posted on September 8th, 2010 No commentsU.S. Bank CEO Richard Davis said Overland Park, Kan., beat out 360 cities nationwide to become the location for the company’s new service center, which eventually will provide office space for 1,300 employees, according to the Business Journal of Milwaukee.
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U.S. Bank Customers Affected by Outage
Posted on August 4th, 2010 No commentsSome U.S. Bank customers might have had trouble with some electronic banking services because of a power outage at one of the bank’s data centers in St. Paul, Minn., the Milwaukee Journal Sentinel reported.