Economic Development
Associated Bank begins year on high note
Associated Banc-Corp, the Green Bay-based parent company of Associated Bank, reported fourth quarter net income $45 million, or 26 cents per share, up from $40 million, or 23 cents per share, in the same period a year ago.
Jacsten acquires Illinois packaging company
Milwaukee private investment firm Jacsten Holdings LLC has acquired Lake Villa, Ill.-based Vonco Products Inc.
Bankers confident in state’s economic health
Most Wisconsin bank leaders consider the state’s economic health to be at least “fair,” according to a Bank CEO Economic Conditions Survey recently conducted by the Wisconsin Bankers Association.
Illinois firm acquires Vector Technologies
Milwaukee-based Vector Technologies Inc. has been acquired by Holden Industries Inc. of Deerfield, Ill.
Generation Growth acquires Mica Tool & Manufacturing
Generation Growth Capital Fund I, LP, a Milwaukee-based private equity fund, has acquired Mica Tool & Manufacturing Inc. of Mukwonago.
Fiserv acquires Open Solutions
Brookfield-based Fiserv Inc. has acquired Open Solutions Inc., a provider of collaborative, enterprise core account processing technology for financial institutions.
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U.S. Bancorp posts record year
U.S. Bancorp reported record full-year net income of $5.6 billion in 2012, up 15.9 percent from 2011.
Northern Trust caps strong year
Chicago-based Northern Trust Corp., the parent company of Northern Trust Bank, reported fourth quarter net income of $167.7 million, or 69 cents per share, up from $130.2 million, or 53 cents per share, in the same period a year ago.
Booth to succeed Purcell as CEO of Baird
Steve Booth has been promoted to chief operating officer and will eventually serve as chief executive officer and president of Milwaukee-based Robert W. Baird & Co Inc.
Fund acquires Milwaukee River parcel for Arboretum
The River Revitalization Foundation (RRF), Milwaukee's urban rivers land trust, has closed on the purchase of an additional riverfront property on Riverboat Road with assistance from The Conservation Fund's Land Trust Loan Program.