Economic Development

aterpillar Inc. far exceeded analyst expectations, reporting a 44-percent quarterly earnings increase and record revenue.

Milwaukee-based Bank Mutual Corp. reported third quarter net income of $1.3 million, 3 cents per share, up from $926,000, or 2 cents per share, in the same period a year ago.

Associated Banc-Corp reported third quarter net income of $41.3 million, or 20 cents per share, up from $14.3 million, or 4 cents per share, in the same period a year ago.

Pittsburgh-based PNC Financial Services Group Inc., which has branches in the Milwaukee market, reported third-quarter net income of $826 million, or $1.55 per share, down from $1.09 billion, or $2.07 per share, for the same period a year ago.

BMO Harris Bank announced the re-branding of M&I Equipment Finance Company, which will now be known as BMO Harris Equipment Finance Company.

After nine years with PNC Bank, including the last four as regional president in Milwaukee, Beth Wnuk has decided to leave the company to pursue other opportunities, according to a letter sent to PNC employees by Dale Klose, executive vice president of the company’s regional presidents group.

Tazinos, an all you can eat pizza and salad restaurant chain based in St. Francis, has raised about 25 percent of its $1 million stock offering in just two weeks.

Financial resources

Associated Banc-Corp continues to grow its Milwaukee-area team with several new appointments.

Frank Abagnale, the subject of the book and major motion picture “Catch Me If You Can,” will speak about fraud prevention at a U.S. Bank educational series on Thursday, Nov. 3 at 8:30 a.m. at the Harley Davidson Museum, 500 W. Canal St.