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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.
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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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Bank Cites Participations as Trouble Spot
Posted on January 19th, 2010 No commentsJerry O’Connor, president of National Bank of Waupun, says his financial institution has a sound capital base and remains strong. The bank, which recently entered into an agreement with the OCC, lost $429,000 in the first nine months of 2009. Connor cited loan participations, not local loans, as the problem. Read more in the Fond du Lac Reporter.