Ideas
Hazod to lead Foundations Bank
John Hazod has been named president and chief executive officer of Pewaukee-based Foundations Bank.
Housing market fuels rebound for MGIC
Reflecting the rebound of the U.S. housing market, Milwaukee-based MGIC Investment Corp. reported third quarter net income for of $12.1 million, or 4 cents per share, compared with a net loss of $246.9 million, or $1.22 per share, for the same quarter a year ago.
U.S. Bancorp reports stable earnings
U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank, reported third quarter net income of $1.5 billion, or 76 cents per share, comparable to $1.5 billion, or 74 cents per share, in the same period a year ago.
PNC Bank reports slight slip in earnings
The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, reported third quarter net income of $1.0 billion, or $1.79 per share, compared with net income of $1.1 billion, or $1.99 per share, for the same period a year ago.
Northern Trust reports robust quarter
Northern Trust Corp., the Chicago-based parent company of Northern Trust Bank, reported third quarter net income of $206.5 million, or 84 cents per share, up from $178.8 million, or 73 cents per share, in the same period a year ago.
Investors plan to open restaurant in Bay View
A small group of investors is in the process of buying the former Home Bar property, located at 2659 S. Kinnickinnic Ave. in Bay View, Milwaukee Alderman Tony Zielinski said.
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Stifel to acquire Ziegler Lotsoff Capital Management
St. Louis, Mo.-based Stifel Financial Corp. announced it has entered into an agreement to acquire Ziegler Lotsoff Capital Management LLC (ZLCM), an asset management business with offices in downtown Milwaukee and Chicago.
Associated Bank reports stable quarter
Green Bay-based Associated Banc-Corp reported third quarter net income of $45.7 million, or 27 cents per share, compared with $46.4 million, or 26 cents per share in the same period a year ago.
ZBB Energy to do reverse stock split to avoid delisting
Financially strapped ZBB Energy Corp., a Menomonee Falls-based developer of renewable energy power platforms and hybrid vehicle control systems, announced it plans to execute a one-for-five reverse stock split after it received a notice that its stock shares no longer comply with the minimum standards of the New York Stock Exchange (NYSE).
Money events
Summit Credit Union will host a Networking Event on Thursday, October 24, from 5 to 7 p.m. at its...
