Economic Development

Wisconsin's state-chartered credit unions increased profits by 21.6 percent and ending by 10.7 percent in the first quarter of 2015, according to new data released by the Wisconsin Department of Financial Institutions.

Brookfield-based Fiserv Inc. has reported first quarter net income of $178 million, or 73 cents per share, up from $168 million, or 65 cents per share, in the first quarter of 2014.

Milwaukee-based colors, flavors and fragrances manufacturer Sensient Technologies Corp. has reached an agreement to acquire the assets of U.K. specialty ink manufacturer Xennia Technology Ltd. The transaction is expected to close in the third quarter of 2015.

Oconomowoc-based First Bank Financial Centre has launched a loan pool program to encourage economic development in downtown Milwaukee.

When the Wisconsin Economic Development Corporation was established in July 2011, its primary mission was clear: Respond quickly to the needs of the business community by working hand-in-hand with companies, economic development organizations and other partners to help grow Wisconsin's economy and create jobs.

Delafield-based Lake Country Wealth Management has been acquired by Madison-based registered investment advisory firm Bronfman E.L. Rothschild L.P.

Milwaukee-based Hal Leonard Corp. has acquired Tunessence, a music education technology company based in Pittsburgh.

ESOPs are a non-traditional setup. They involve extensive annual valuations, in-depth employee education and thoughtful management succession planning.

Wauwatosa-based WaterStone Bank has hired Jeff Jarecki as vice president of business banking. Jarecki previously served as vice president,...

Milwaukee-based Park Bank will host a series of seminars and workshops for business owners interested in learnings about exit strategies and acquisition opportunities.