Economic Development

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.
 

Curtis Industries, a Milwaukee-based division of Powers Holdings, announced it has acquired Tri-Mag, Inc., which manufactures standard and customized power supplies.

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.

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

Reed Hall, secretary and chief executive officer of the Wisconsin Economic Development Corporation, will be the featured guest of the Milwaukee Press Club’s Newsmaker Luncheon, which will take place Wednesday, July 17, from 11:45 a.m. to 1:30 p.m. at the Newsroom Pub in downtown Milwaukee at 137 E. Wells St.

Wisconsin Bank & Trust, a Madison-based community bank serving businesses and individuals from 10 branch offices statewide, announced that Kevin Tenpas has been named president and chief executive officer.