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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TARP Funds Slow to Increase Lending
Posted on August 28th, 2009 No commentsOnly one of the six banks with operations in southeast Wisconsin that received Troubled Asset Relief Program (TARP) funds showed substantial loan growth at 11 percent for the second quarter. That bank was Securant Bank & Trust. Legacy Bank in Milwaukee increased lending 1.6 percent; and the four other TARP banks posted single-digit percentage declines in loan activity. They are: AnchorBank, Associated Bank, M&I Marshall & Ilsley Bank and Ridgestone Bank. Read the story in The Business Journal of Milwaukee.
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