People’s Bank plans Waterford location
People’s Bank, based in Elkhorn, has proposed a new stand-alone bank in Waterford at 4103 Buena Park Road. Tom Oehler, president and CEO of People’s Bank, said the bank aims to break ground on the new branch in mid-summer and hopes that it is open by the end of the year.
"We’re excited about the community and the business and consumer opportunities that present themselves to us," Oehler said.
The new full-service branch will have seven to 10 employees. Oehler declined to say how large the new bank will be.
First Business Capital finances Midwest firms
Madison-based First Business Capital Corp., a member of the First Business Financial Services Inc. family of companies, recently provided credit facilities to companies in Indiana and Missouri.
First Business Capital provided $8 million in acquisition financing to a specialty printing company in Indiana. It also First Business Capital Corp. provided $1.4 million in turnaround financing to a trucking company in Missouri.
First Business Capital Corp. is part of First Business Financial Services, whose companies include: First Business Bank-Madison; First Business Bank-Milwaukee; First Business Bank-Northeast; First Business Trust & Investments; First Business Equipment Finance, LLC; and First Business Capital Corp.
Merril Lynch selects Fiserv software for reconciliation
Merrill Lynch recently selected CheckFree Frontier 2.0 a software system produced by Brookfield-based Fiserv Inc., as its strategic reconciliation platform.
CheckFree Transfer Manager, a module of CheckFree Frontier, will also be used as part of the implementation to enable Merrill Lynch to seamlessly migrate from its current system to CheckFree Frontier. The module is a business rules transfer and system consolidation tool that is designed to significantly reduce the human intervention required to transition business rules and administrative configurations to a new production environment. By using an audited change control process that addresses the separation of duties required for regulatory compliance, CheckFree Transfer Manager is expected to enable Merrill Lynch to protect their sensitive financial data and ensure integrity of controls throughout the migration process.
