Economic Development

Bank Mutual profit up 25%

Brown Deer-based Bank Mutual Corp. reported first quarter net income of $3.6 million, or 8 cents per share, up 25 percent from net income of $2.8 million, or 6 cents per share, in the first quarter of 2014.

Associated Bank buys mortgages from Habitat for Humanity

Associated Bank has purchased about $2 million in residential mortgages from Milwaukee Habitat for Humanity in one of the largest one-time mortgage sales in the chapter's history.

MGIC earnings soar

Milwaukee-based MGIC Investment Corp. today reported first quarter net income of $133.1 million, or 32 cents per share, up significantly from $60 million, or 15 cents per share, in the first quarter of 2014.

Baird Capital invests in Alpha Source

Milwaukee-based Alpha Source, a leading medical equipment solutions provider, has received a direct private investment from Milwaukee-based Baird Capital, a division of Robert W. Baird & Co. Inc.

Northern Trust reports 27% higher profits

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 opens Third Ward branch

Associated Bank on Monday opened its new branch at 102 N. Water St. in Milwaukee's Historic Third Ward.
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Nonprofit Weekly: Ries honored with Vision Award at MANDI 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.

ACTS Housing names new leader as Quindel launches rent-to-own venture

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.

Ries honored with Vision Award at MANDI 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.

Signarama acquires Design Craft Signs

Signarama Milwaukee has acquired Design Craft Signs of Hales Corners.

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