Economic Development

The federal government should put a strict “cap” on activities that banks and insurers do that get them in trouble.

Milwaukee-based Bank Mutual has planned a grand re-opening of its West Allis branch, 10296 W. National Ave., on Saturday, August 4.

Milwaukee County will receive $3.24 million from the federal government for buses and bus infrastructure, Sen. Herb Kohl, D-Wisconsin, announced.
The state of Wisconsin is getting a total of $11.78 million in federal funds for buses, including the money for Milwaukee County, Kohl said.

Artaflex Inc. of Ontario, Canada, has entered into a definitive agreement to acquire Menomonee Falls-based MTI International Inc.

Erik Buell Racing LLC of East Troy will receive $20 million in new investments that will help the company expand production of EBR brand sport motorcycles and create about 200 new jobs.

The Federal Reserve Bank of Chicago reports in its latest “Beige Book” that the economic conditions in the Seventh District, which includes Wisconsin and most of the upper Midwest, continue to improve, although the pace of growth has slowed.

ManpowerGroup, a Milwaukee-based leader in innovative workforce solutions, announced it has successfully completed its acquisition of the remaining 26 percent stake in Kolkata, India-based Web Development Company Limited (WDC), a leading IT services and professional resourcing company offering consulting, development and application support services to several large clients in India and across the Asia Pacific region.

Brown Deer-based Bank Mutual Corp. reported second quarter net income of $1.3 million, or 3 cents per share, compared with a net loss of $51.4 million or $1.12 per share, in the same period a year ago.

Kurt Reindl has been named senior vice president, strategic planning manager at Associated Bank in Milwaukee. He is responsible...

Waukesha State Bank has named Jessica Nowak bank manager at its Silvernail Road office in Pewaukee. Tom Lange will...