Economic Development
Waukesha State Bank renames wealth management division
Waukesha State Bank has renamed its Wealth Management Services division to Prairie Financial Group and named Kristin Reilly president of the division.
Pinstripe acquires UK recruitment firm
Brookfield-based Pinstripe, Inc. has acquired recruitment outsourcing and talent management company Ochre House, headquartered in London in the United Kingdom.
Bank Mutual doubles earnings
Brown Deer-based Bank Mutual Corp. reported second quarter net income of $2.6 million, or 6 cents per share, up from $1.3 million, or 3 cents per share, in the same quarter a year ago.
Commercial lending fuels growth for Associated Bank
Associated Banc-Corp reported second quarter net income of $47 million, or 28 cents per share, up from $42 million, or 24 cents per share, for the same quarter a year ago.
Stockhausen joins HighTower
Don Stockhausen has joined HighTower Palm Desert, a financial advisory firm in Palm Desert, Calif. He will travel back and forth and continue to serve his clients in Milwaukee.
WEDC supports BrightStar
BrightStar Wisconsin Foundation, a new philanthropic early stage capital fund, has received $300,000 in operating capital from the Wisconsin Economic Development Corporation.
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New bill will bring more transparency to WEDC
Wisconsin Gov. Scott Walker today signed a bill designed to bring more transparency and accountability to the Wisconsin Economic Development Corporation (WEDC).
Northern Trust reports solid quarter
Northern Trust Corp., the Chicago-based parent company of Northern Trust Bank, reported second quarter net income of $191.1 million, or 78 cents per share, up from $179.6 million, or 73 cents per share, in the same period a year ago.
U.S. Bancorp caps record quarter
U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank, reported record net income of $1.5 billion, or 76 cents per share, up from $1.4 billion, or 71 cents per share, in the same period a year ago.
Scale Up Milwaukee seeks to create entrepreneurship ecosystem
Phase One of the entrepreneurship project Scale Up Milwaukee is now underway. The multi-year project is a new initiative commissioned by American Express OPEN, a division of the company that focuses on entrepreneurs, and it has begun its efforts to create an "entrepreneurship ecosystem" in Milwaukee.