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WBA: Most Wisconsin Banks Profitable
Posted on December 1st, 2009 No commentsDespite national troubles, most Wisconsin banks made a profit, total deposits grew and lending again outpaced the national average, said Kurt Bauer, president and CEO of the Wisconsin Bankers Association (WBA). “Bank performance numbers typically lag other economic trends, which means banks could see challenging earnings in the 4th quarter and into 2010,” he said in the Milwaukee Small Business Times.
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WBA, CBW Issue Release on Bank Closing
Posted on October 26th, 2009 No comments“The entire Wisconsin banking community is pleased that the banking regulatory system worked as designed last Friday when the Department of Financial Institutions closed Bank of Elmwood, Racine. Importantly, depositors were protected as there was a seamless transition to Tri City National Bank of Oak Creek. Wisconsin’s banking community expresses its support to the affected employees, directors and shareholders of the Bank of Elmwood,” reads a joint news release from the Wisconsin Bankers Association and the Community Bankers of Wisconsin on WisBusiness.com.
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Foreclosure Task Force Makes Recommendations
Posted on September 9th, 2009 No commentsA bipartisan Wisconsin task force on preventing home foreclosures is recommending legislation that would make state licensing of home appraisers mandatory and require mortgage brokers to put borrowers’ financial interests ahead of their own. The Wisconsin Bankers Association supported the recommendations, adding that mortgage brokers be held to “bank-like” standards, the Milwaukee Journal Sentinel reported.
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Optimism Required, Wisconsin Banker Says
Posted on August 1st, 2009 No comments“To be a banker you need to be optimistic,” says Russ Weyers, president and chief operating officer of Racine’s Johnson Bank. The trouble is, such optimism is scarce right now, the outgoing Wisconsin Bankers Association chair says. Read the Milwaukee Journal Sentinel article.
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CEOs: Rising Rates Slowing Wis. Mortgage Demand
Posted on July 10th, 2009 No commentsRising interest rates will slow residential mortgage refinancing during the final six months of the year, and demand for commercial loans is expected to stay flat, according to the results of the Wisconsin Bank CEO Economic Conditions Survey conducted in June by the Wisconsin Bankers Association, reported in the Small Business Times.
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Wis. Banks Launch ‘No Hats’ Campaign
Posted on July 2nd, 2009 No commentsBanks are launching a “No Hats, No Hoods, No Sunglasses, No Guns” campaign initiated by the Wisconsin Bankers Association, WKOW-TV reported. Read the WBA news release.
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Wis. Banks’ Lending Strong
Posted on March 2nd, 2009 No commentsTotal loans in Wisconsin increased 5.7 percent in the fourth quarter of last year – compared with negative loan growth nationally, the Wisconsin Bankers Association staff and members pointed out in a story that aired on MyFox Wausau (WFXS, Channel 55).
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Association: Banks Here Strong
Posted on February 9th, 2009 No commentsThe media too often confuses Main Street depository banks that are insured by the Federal Deposit Insurance Corporation with non-bank subprime lenders and Wall Street investment banks, writes Wisconsin Bankers Association President Kurt Bauer in a Wisconsin State Journal editorial.
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Wis. Banks Safe and Sound
Posted on January 23rd, 2009 No commentsThe banking industry is one of the most highly regulated industries with very complex, technical rules that must be followed. While the industry as a whole is facing challenging times as a result of the current economy, the banks in Wisconsin as a whole are strong, wrote Rose Oswald Poels of the Wisconsin Bankers Association in a Small Business Times opinion column.