Banking / Finance / M&A

Milwaukee businessman Bobby Kraft and an investor group have acquired World Marketing Inc., the marketing and direct mail division of Omaha, Neb.-based Berkshire Hathaway's Media Group. The investors will move World Marketing's headquarters and administrative operations to Milwaukee.
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Brookfield-based Fiserv Inc. reported third quarter net income of $239 million, or 95 cents per share, up from $159 million, or 61 cents per share, in the third quarter of 2013.
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Milwaukee-based Wisconsin Energy Corp. today reported third quarter net income of $126.3 million, or 56 cents per share, down from $137.5 million, or 60 cents per share, in the third quarter of 2013.
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Elm Grove-based Savvy Panda, an inbound marketing and web design agency, has been acquired by Warrington, Pa.-based Square 2 Marketing.
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First Business Bank—Milwaukee has opened a new office in Kenosha, at 6633 Green Bay Road, Suite 2.
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Oconomowoc-based First Bank Financial Centre has launched a Holi-Days of Giving program to give to charity during December.
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Milwaukee-based Artisan Partners Asset Management reported third quarter net income of $63.1 million, or 57 cents per share, up from $56.1 million, or 35 cents per share, in the third quarter of 2013.
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Dubuque, Iowa-based Heartland Financial USA Inc. has agreed to acquire Community Banc-Corp of Sheboygan Inc., the parent company of Sheboygan-based Community Bank & Trust, for about $52 million or 155 percent of the tangible equity of Community Banc-Corp at closing.
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Waukesha-based Generac Power Systems has acquired some assets of Kearney, Neb.-based Pramac America LLC, from Siena, Italy-based Pramac Industries Inc.
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Three regional banks with a strong Milwaukee market presence have reported flat or slightly lower net income in their third quarter earnings reports.
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