Economic Development
MGIC reports dramatic earnings increase
Milwaukee-based mortgage insurance firm MGIC Investment Corp. reported third quarter net income of $72 million, or 18 cents per share, up from $12.1 million, or four cents per share, in the third quarter of 2013.
ACG honors companies for outstanding growth
The Wisconsin Chapter of the Association for Corporate Growth recognized A.O. Smith Corp. of Milwaukee and J.F. Brennan Company of La Crosse with Outstanding Growth Awards during the chapter's member meeting this month.
Bank Mutual earnings up 51 percent
Brown Deer-based Bank Mutual Corp. reported third quarter net income of $4.4 million, or 9 cents per share, up 51.6 percent from $2.9 million, or 6 cents per share, in the third quarter of 2013.
Associated Bank grows on loans
Green Bay-based Associated Banc-Corp reported third quarter net income of $50.2 million, or 31 cents per share, up from $45.7 million, or 27 cents per common share, in the third quarter of 2013.
Connecture files for IPO
Brookfield-based Connecture Inc. has filed with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
BankMyBiz launches seed round
Milwaukee and Madison-based startup BankMyBiz.com has launched a $500,000 seed round to fund its growth.
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Steel shipments soar at Port of Milwaukee
Steel shipments are up at the Port of Milwaukee by 47 percent through September, compared with the same span last year.
Stock market freefall continues
The U.S. stock market continued its October plunge today, with the Dow Jones Industrial Average losing another 319 points.
Park Bank appoints first chief information officer
Milwaukee-based Park Bank has named Tahir Hassan chief information officer, a newly created position in which Hassan will guide the bank's information technology vision and strategy as well as enhance service experience for bank customers through technology.
Anchor Bancorp makes IPO
Anchor Bancorp Wisconsin Inc., the parent company of AnchorBank fsb, has launched an initial public offering of 371,959 shares of common stock.