Economic Development

Menomonee Falls-based Glenroy Inc. recently acquired Hartford-based PF Flexibles, formerly known as Pouch Converting Technologies Inc., from Hartford-based PolyFirst Packaging Inc.

Green Bay-based Associated Banc-Corp reported fourth quarter net income of $48.7 million, or 31 cents per share, up from $47.8 million, or 28 cents per share, in the fourth quarter of 2013.

Wisconsin's banking industry has turned a corner. In the wake of a years-long economic recession, banks are now well into recovery, and that is good for Wisconsin consumers. As a key driver of economic growth, Wisconsin's banking industry is uniquely positioned to keep the state moving forward and help businesses grow and families prosper.

Waukesha State Bank has opened a new freestanding branch at 1640 E. Main St. in Waukesha.

Ixonia Bank has hired Tom Pasch as vice president of business banking. He previously worked as a business relationship...

Milwaukee-based Robertson Ryan & Associates Inc. has merged with the Shorewood-based Jack C. Loyda agency and the Kewaunee-based Walton Insurance Associates Inc. in a non-cash transaction.

Chicago-based multichannel communication company R.R. Donnelley & Sons Co. has submitted an unsolicited proposal to acquire North Chelmsford, Mass.-based Courier Corp. for $23 per share in cash or R.R. Donnelley common stock.

Businesses in southeastern Wisconsin finished 2014 in strong fashion and are forecasting gains in revenues, profits and hiring in 2015.

Brown Deer-based Bank Mutual Corp. reported higher fourth quarter and full-year net income, driven by an increase in net interest income.

Sussex-based Quad/Graphics Inc. announced that it will acquire Courier Corp. of North Chelmsford, Mass., the nation's second-largest book manufacturer, for approximately $260 million.