Economic Development
Northwestern Mutual caps record year
Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. announced its 2012 financial results, which include a record dividend payout to policy owners expected to exceed $5 billion in 2013. The company paid $4.97 billion in dividends last year.
Associated Bank to consolidate Chicago offices
Green Bay, Wis.-based Associated Banc-Corp. is consolidating its Chicago operations into one larger office in the West Loop from four other buildings in the market.
State government’s surplus continues to grow
The state is now projected to have nearly $1.7 billion in extra revenue to assemble the next two-year budget.
Baird Private Equity is rebranding to Baird Capital
Baird Private Equity, the direct private investment arm of Milwaukee-based Robert W. Baird & Co. Inc., has unveiled an updated strategic brand that includes the new name of Baird Capital.
Auction will sell Waukesha Bankshares’ TARP debts
The preferred stock and subordinated debt positions of Waukesha-based bank holding company Waukesha Bankshares Inc. are being auctioned today as part of the federal Troubled Asset Relief Program’s Capital Purchase Program.
GMR Marketing to merge with SportsMark
Milwaukee-based marketing agency GMR Marketing plans to merge with San Francisco-based SportsMark Management Group.
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Schenck acquires Bonfield practice, names leader
Milwaukee-based accounting, tax and business consulting firm Schenck S.C. has acquired most of the practice of Milwaukee CPA firm Bonfield & Company S.C.
Cole Taylor adds to Wisconsin team
Chicago-based Cole Taylor Bank has hired two new employees at its Franklin commercial banking office as part of a southeast Wisconsin expansion.
Riverwest group launches microlending program
The Riverwest Investment Cooperative has started a microlending program in cooperation with the Wisconsin Women's Business Initiative Corporation.
Bank Mutual caps profitable year
Brown Deer-based Bank Mutual Corp. reported fourth quarter net income of $2.3 million, or 5 cents per share, up from $1.4 million, or 3 cents per share, in the same period a year ago.