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Wisconsin Banks Still Owe TARP
Posted on June 19th, 2010 No commentsWhile most of America’s biggest banks have made headlines by repaying their TARP money more quickly than many thought they would, it seems unlikely that Wisconsin banks will be following suit any time soon, according to the Milwaukee Journal Sentinel.
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Wis. Bankers Teach Children About Saving
Posted on May 23rd, 2010 No commentsNational Exchange Bank & Trust participated in the 14th Annual Teach Children to Save Day on April 27. Bank volunteers provided classroom presentations throughout East Central Wisconsin at several area elementary schools and reached hundreds of children. Read the Sheboygan Press article.
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Back Room to Board Room: Alice Hensen Q&A
Posted on May 15th, 2010 No commentsAlice Hensen was looking for a job that would let her spend time with her young son when she started working at the Bank of Sun Prairie in 1966. Today she is the president of the bank. She is the only woman heading a bank in Dane County and one of a small group of woman bank presidents in the state. Read a Q&A with Hensen in the Wisconsin State Journal.
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Securant Bank Execs Tout iPhones in Video
Posted on April 13th, 2010 No commentsApple’s web site is now featuring a two-minute video highlighting how the president, IT manager and marketing managers of Menomonee Falls, Wis.-based Securant Bank & Trust executives use their iPhones to run some of the bank’s functions when they can’t be in the office, the Small Business Times of Milwaukee reports.
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CIB Marine Posts Net Income in Bankruptcy
Posted on March 26th, 2010 No commentsPewaukee, Wis.-based CIB Marine Bancshares Inc. said it posted net income of $13.7 million in 2009 after recording an extraordinary gain of $54.5 million from completing its pre-packaged bankruptcy reorganization, the Business Journal reported.
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Southport Reaches Agreement with Investor
Posted on March 19th, 2010 No commentsSouthport Bank in Kenosha has reached an agreement with an Ohio investor who will provide a capital infusion toward a $29.5 million recapitalization. The move will address concerns raised in a regulatory agreement between the bank and the Federal Deposit Insurance Corp. Read more in the Business Journal.
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Offer Made for Southport Bank Shares
Posted on February 10th, 2010 No commentsA former Kenosha businessman has offered $8.5 million to buy a controlling interest in Kenosha-based Southport Bank. Under an investment plan scheduled for a shareholder vote next week, the bank to increase its number of shares from 3 million to 30 million, the Kenosha News reported.
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Citizens Parent Co. Sells Iowa Bank
Posted on February 1st, 2010 No commentsCitizens Republic Bancorp Inc., the parent of Citizens Bank locations in Wisconsin, said Monday that it has agreed to sell F&M Bank-Iowa to Great Western Bank of Sioux Falls, S.D., for about $50 million in cash, the Business Journal of Milwaukee reported.
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State Fines Guaranty Bank’s Insurer
Posted on January 26th, 2010 No commentsWisconsin’s insurance commissioner fined Evanston Insurance Co., of Deerfield, Ill., $100,000, concluding the insurer was not authorized in Wisconsin to sell mortgage guaranty insurance – a move that Brown Deer, Wis.-based Guaranty Bank says entitles the bank to relief from big premiums that are draining earnings. Read the Milwaukee Journal Sentinel article.
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Baylake Corp. Posts 4th Quarter Profit
Posted on January 25th, 2010 No commentsBaylake Corp., the Sturgeon Bay-based parent company of Baylake Bank, posted a profit of $678,000 for the fourth quarter of 2009, a turnaround from its net loss of $9.9 million the year before. Earnings were 9 cents per share, compared with the net loss of $1.25 per share, in fourth quarter 2008, according to the Milwaukee Business Journal.