Economic Development
Foundations Bank adds Blau to leadership team
John Blau has been appointed to the newly created position of vice president and chief credit officer at Pewaukee-based Foundations Bank.
MGIC rating upgraded
Standard & Poors has upgraded its rating of MGIC Investment Corp. to B-, up from CCC+, as a result of the company’s capital raise last week.
Advantage Staffing acquired by Florida company
Brookfield-based Advantage Federal Resourcing has been acquired by Florida workforce solutions company STS Technical Services.
Barrett creates Twitter frenzy over Mayors Challenge
Twitter feeds throughout Milwaukee lit up with the hashtag #voteMKE this week as Mayor Tom Barrett turned to social media to garner support for the Fan Favorite Selection competition within the Bloomberg Philanthropies’ Mayors Challenge.
Sequester is ‘stupid, stupid, stupid’
Lawmakers in Washington have done what previously seemed unthinkable: They have allowed sequestration to mindlessly cut spending across the board rather than agree to a coherent deficit-reduction plan.
Cleary Gull expands team
Cleary Gull Advisors in Milwaukee has hired Brady Endl and promoted Charles Batchelor and Mike Peters.
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U.S. Bank funds senior living complex
U.S. Bank committed more than $17.5 million in construction debt and tax credit equity for the development of a new residential complex, the Maria Linden Independent Senior and Assisted Living Apartments in Milwaukee.
Wisconsin bank income increases
Wisconsin banks reported net income of $839 million in the fourth quarter of 2012, up dramatically from $488 million in fourth quarter 2011, according to the Federal Deposit Insurance Corp.'s Quarterly Banking Profile.
Waterstone Mortgage opens West Allis office
Waterstone Mortgage Corp. is expanding into the greater Milwaukee area with a new office in West Allis.
HY Connect acquires Chicago marketing firm
HY Connect, an independent marketing and communications firm with offices in Milwaukee and Chicago, has acquired lonelybrand, a digital marketing agency operating in Chicago.