Bildsten Named DFI Secretary

WBA, CBW Issue Release on Bank Closing

“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.

Wis. Banks May Lag in Recovery

<p class=”MsoNormal”> Many of the state’s banks and credit unions are still laboring under losses from real estate and commercial loans and may take longer to emerge from the current recession than other sectors of the economy, Department of Financial Institutions Secretary Lorrie Keating-Heinemann told WisBusiness.com.

DFI Leader on Venture Capital

Wisconsin Department of Financial Institutions Secretary Lorrie Keating Heinemann have proposed setting aside a portion of each securities fee paid by investment brokers as a way to connect companies with capital, according to a Wisconsin Technology Network story.