Economic Development

Northern Trust Corp. today reported first quarter net income of $230.7 million, or 94 cents per share, up 27 percent from $181.4 million, or 75 cents per share, in the first quarter of 2014.

Associated Bank on Monday opened its new branch at 102 N. Water St. in Milwaukee's Historic Third Ward.

About 840 friends, partners and advocates of LISC Milwaukee joined the organization Wednesday at Potawatomi Bingo Hotel & Casino to not only celebrate its 16th annual MANDI Awards program but also congratulate Leo Ries, who is exiting the organization at the end of the month after 15 years of service as its executive director.

ACTS Housing has named Michael Gosman executive director as the Milwaukee nonprofit's former leader, Carl Quindel, launches a for-profit company aimed at helping aspiring homeowners succeed in a rent-to-own program.

About 840 friends, partners and advocates of LISC Milwaukee joined the organization Wednesday at Potawatomi Bingo Hotel & Casino to not only celebrate its 16th annual MANDI Awards program but also congratulate Leo Ries, who is exiting the organization at the end of the month after 15 years of service as its executive director.

Waukesha-based R&R Insurance Services announced it has acquired Bartelt Insurance Agency in Kewaskum.

Milwaukee-based Valiant Health LLC has been acquired by Health Care Excel Inc., a clinical consulting, revenue optimization and quality improvement services provider for health care systems.

Milwaukee private investment firm Brass Ring Capital recently completed two recapitalizations.

Port Washington State Bank has renewed its six community business loan programs for 2015, and removed a previous limit of $250,000 per municipality.

Milwaukee-based Park Bank has launched a mobile app, Park Bank Mobile Business, to allow business owners to manage their cash flow wherever they are.