Economic Development

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FDIC report shows economic recovery

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.

Associated Bank receives Ag honor

The U.S. Department of Agriculture has awarded Associated Bank a Certificate of Achievement for assisting the department and the Rural Development Guaranteed Rural Housing Program in 2011.

New hires and promotions

Branden Boerner has been promoted to office president for the Elkhart Lake office at Sheboygan-based Community Bank & Trust.

PS Capital moves

PS Capital Partners LLC has moved its offices to 758 N. Broadway, Suite 910, Milwaukee.

Waterstone holds processor conference

Pewaukee-based Waterstone Mortgage Corp. hosted its first-ever national mortgage processors conference from May 6 to 8 at the Milwaukee Hilton.
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Thrivent to host meeting at Miller Park

Thrivent Financial for Lutherans will hold its annual member meeting at Miller Park on Tuesday, May 29 from 4:30 to 8:30 p.m.

Associated Banc-Corp adds Yee to executive suite

Associated Banc-Corp announced the appointment of James Yee to the role of executive vice president, chief information and operations officer.

Profits dip at Brady Corp.

Milwaukee-based Brady Corp. reported fiscal third quarter net income of $27.7 million, or 52 cents per share, down from $28.6 million, or 54 cents per share, in the same period a year ago.

Appleton Papers to merge with Dallas firm

Appleton Papers Inc. and Hicks Acquisition Company II Inc. announced a definitive agreement under which Appleton will engage in a business combination with Hicks in a transaction valued at $675 million.

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