Economic Development
Bank Mutual pursues aggressive growth
Bank Mutual has added three new employees, including a recently created leadership position.
GDP, exports grew in third quarter
U.S. gross domestic product for the July-through-September period expanded 2.5 percent, nearly double the 1.3 percent rate of growth in the second quarter and much faster than the first quarter’s tepid increase of 0.4 percent.
Lightning Pick Technologies acquired by Pittsburgh company
Germantown-based Lightning Pick Technologies was recently acquired by Matthews International Corporation, a Pittsburgh memorials and graphics imaging manufacturer.
Bank Transfer Day to be held Nov. 5
A national social media campaign with more than 32,000 “likes” and almost 70,000 attendees on Facebook aims to get consumers to switch from commercial banks to credit unions.
Zywave to purchase Canadian firm
Wauwatosa-based Zywave Inc. plans to purchase Winnipeg, Manitoba-based Emerging Information Systems Inc., a provider of needs analysis and financial planning software tools.
Joy Global completes sale of drilling products business for $375 million
Milwaukee-based Joy Global Inc. announced that it has the sale of the drilling products business of its Houston-based LeTourneau Technologies Inc. business to Houston-based Cameron International Corp. for $375 million.
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Jarecki joins The PrivateBank
PrivateBancorp Inc. announced that Jeff Jarecki has joined The PrivateBank as managing director of regional commercial banking in the Milwaukee office.
M&I tops national small business banking satisfaction study
Milwaukee-based M&I Bank ranks No. 1 in overall satisfaction by small business banking customers, according to the J.D. Power and Associates 2011 U.S. Small Business Banking Satisfaction Study of 24 national banks released.
Mortgage insurance losses mounting for MGIC
Mortgage insurer MGIC Investment Corp. posted a net loss of $165.2 million, or 82 cents per share, for the third quarter, compared with a net loss of $51.5 million, or 26 cents per share, in the same period a year ago.
Sensient posts record quarter
Milwaukee-based Sensient Technologies Corp. reported record third quarter earnings per share of 64 cents, up from 59 cents in the same period a year ago.
