Economic Development

Milwaukee is part of a 19-city, $27 million collaboration announced by the National Fair Housing Alliance (NFHA) and Wells Fargo Bank, that will provide funds to foster homeownership, assist with rebuilding minority neighborhoods impacted by the foreclosure crisis, and “promote diverse, inclusive communities.”

Waterstone Financial Inc., the parent company for WaterStone Bank SSB, announced that it will be reorganized, changing from a bank mutual holding company to a fully public stock holding company.

Brookfield-based Diversified Insurance Services has changed its name to Diversified Insurance Solutions.

Employers in the metropolitan Milwaukee area expect to hire at a vigorous pace in the third quarter, according to the latest ManpowerGroup Employment Outlook Survey.

Telkonet Inc., a Wauwatosa-based intelligent energy management provider, today announced it has been granted a $2.0 million traditional business credit line from San Jose, Calif.-based Bridgebank.

Regent Michael Falbo of Franklin was elected president of the University of Wisconsin System Board of Regents and Regent Regina Millner of Madison was elected to serve as vice president of the board.

A judge in U.S. Bankruptcy Court in Delaware approved the final sale of Waukesha's Golden Guernsey Dairy LLC to Morton Grove, Ill.-based Lifeway Foods Inc.

Thrivent Financial for Lutherans announced that its membership approved an extension of its common bond, allowing it to serve more Christians.

U.S. regulators last week filed suit against U.S. Bank for allegedly facilitating the embezzlement of customer funds by the jailed founder of Peregrine Financial Group Inc., the collapsed futures brokerage.
 

Gallup's U.S. Job Creation Index increased to 22 in May, the highest score for any month since April 2008.