Economic Development

The seasonally adjusted ISM-Milwaukee Manufacturing Report, compiled by Marquette University’s Center for Supply Chain Management, jumped in May to 57.7 from 52.9 in April, indicating rising production rates at factories in the southeastern Wisconsin and northern Illinois region.

Mitch Grulke has been named bank manager for the Brookfield office of Waukesha State Bank.

Jeff Bowman, president of First American Capital Corp. in West Allis, has been recognized by the Small Business Administration as Minority Small Business Champion for region five.

First Bank Financial Centre has broken ground on its newest branch, which will be on Washington Street in Grafton.

Brookfield-based Fiserv Inc., a leading global provider of financial services technology solutions, announced that U.S. Bank's online banking customers now have access to an iPad banking application (app) built on the Mobiliti Enterprise mobile banking and payments platform from Fiserv.

Waukesha-based CIB Marine Bancshares Inc., the holding company for Milwaukee's Marine Bank, has filed with the Securities and Exchange Commission to voluntarily deregister its common shares.

Waukesha State Bank has named Mitch Grulke the bank manager of its Brookfield office, located on Capitol Drive just west of Brookfield Road.

BMO Financial Group reported second quarter net income of $1.03 billion (Canadian), up 27 percent or $215 million from the same quarter a year ago.

Industry experts will provide insight on the mergers and acquisitions market in Milwaukee at the BizTimes M&A Forum on Friday, June 8, from 7:30 a.m. to noon, at the Pfister Hotel in Milwaukee.

Bank profits rose in the first quarter, reaching their highest quarterly income levels since the second quarter of 2007, according to the Federal Deposit Insurance Corp. (FDIC) quarterly banking report.