Banking / Finance / M&A

PNC Bank N.A. has closed on a $10 million loan to the Milwaukee Art Museum Inc. for its major restoration and renovation project.
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Associated Bank has purchased about $2 million in residential mortgages from Milwaukee Habitat for Humanity in one of the largest one-time mortgage sales in the chapter’s history.
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Wauwatosa-based Briggs & Stratton Corp. reported fiscal third quarter net income of $33.9 million, or 75 cents per share, down from $39.2 million, or 82 cents per share, in the third quarter of 2014.
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Milwaukee-based A.O. Smith Corp. today announced first quarter net income of $58.4 million, or 65 cents per share, up from $46.7 million, or 51 cents per share, in the first quarter of 2014.
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Milwaukee-based Strattec Security Corp. today reported fiscal third quarter net income of $5.4 million, or $1.20 per share, up from $4.2 million, or $1 per share, in the third quarter of 2014.
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First Business Financial Services Inc. today reported first quarter net income of $4.2 million, or 97 cents per share, up from $3.3 million, or 84 cents per share, in the first quarter of 2014.
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Glendale-based Johnson Controls Inc. today reported fiscal second quarter net income of $557 million, or 80 cents per share, up from $293 million, or 39 cents per share, in the second quarter of 2014.
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Kenosha-based Snap-on Inc. today reported first quarter net income of $113.2 million, or $1.87 per share, up from $98.2 million, or $1.62 per share, in the first quarter of 2014.
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The Wisconsin Department of Financial Institutions could be combined with the Office of Credit Unions and the Department of Safety and Professional Services under a proposal in Senate Bill 119.
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Brown Deer-based Badger Meter Inc. reported first quarter net income of $4.2 million, or 29 cents per share, down from $4.6 million, or 32 cents per share, in the first quarter of 2014.
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