Economic Development

Banks and credit unions that actively market their mobile banking services have experienced adoption rates twice as high as financial institutions that do not promote the service, according to a new statistical analysis by Brookfield-based Fiserv Inc.

Mayville Engineering Company Inc. announced it has acquired Center Manufacturing Inc. a Byron Center, Mich.-based manufacturer of metal products for the commercial vehicle, powersports, agriculture, construction, automotive and military industries, through a private stock purchase.

Businesses in Milwaukee and Waukesha Counties are slightly more optimistic about 2013 than they were heading into 2012, according to the First Business Economic Survey released Wednesday by First Business Bank-Milwaukee.

Jeff Yabuki, president and chief executive officer of Brookfield-based Fiserv Inc., will headline a stellar panel of business executives at the 2013 Northern Trust Economic Trends Breakfast.

BMO Financial Group, the Toronto-based parent company of BMO Harris Bank, reported strong fiscal fourth quarter earnings and a plan to repurchase up to 15 million of its common stock shares.

Financial institutions reported $37.6 billion in net income in the third quarter, up more than 6 percent from $35.2 billion in the same period a year ago, according to the Federal Deposits Insurance Corp.'s Quarterly Banking Profile.

First Business Financial Services Inc., the Madison-based parent company of First Business Bank and First Business Bank-Milwaukee, announced it has priced a public offering of 1.1 million shares of common stock at $23.00 per share.

Milwaukee-based Wipfli LLP, one of the top 25 CPA and consulting firms in the United States, has acquired Duluth, Minn.-based Eikill & Schilling Ltd.

Jeff Sherman and Andy Tarnoff, the founders of OnMilwaukee.com, say their company is looking for new investors.

Wisconsin-based Wegner CPAs has named current partner Glenn Miller, CPA, as managing partner as of Jan. 1.