Ideas
Losses continue at Anchor Bank
Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a fiscal third quarter net loss of $15.1 million, or 71 cents per share, compared with a net loss of $15.3 million, or 72 cents per share, in the same period a year earlier.
Johnson Bank appoints Hernandez to Milwaukee post
Gus Hernandez Jr. has been appointed senior vice president and commercial banking manager for Johnson Bank's Milwaukee region.
Menasha Packaging expands with capital investment
Menasha Packaging Company LLC's Folding Carton Group is expanding its capabilities with a $6 million capital investment that will enable it to be more flexible and responsive when supporting the brand merchandising objectives of its customers.
Acuity reaches $1 billion milestone
Sheboygan-based Acuity Insurance announced that it has reached the $1 billion revenue mark, generated on premiums written across its 20-state operating territory.
Rexnord board may ponder sale of company
Milwaukee-based Rexnord Corp. announced that its board of directors has initiated a review of its strategic alternatives that could include the sale of the company.
Foundations Bank raises $5 million
Generations Bancorp, Inc., parent of Pewaukee-based Foundations Bank, has raised $5 million in new capital from a shareholder subscription.
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New degree program targets nurses
Registered nurses with a two-year degree from a Wisconsin technical college can now fully apply those credits toward a bachelor’s degree.
‘We can and need to do better’
Editor’s note: Milwaukee County Executive Chris Abele delivered his State-of-the-County speech in Oak Creek this morning. The following is the text of his prepared remarks.
Mellowes to turn Charter Manufacturing helm over to sons
John A. Mellowes announced he will step down from his day-to-day duties as the chairman and chief executive officer of Mequon-based Charter Manufacturing in July, when he will turn the reins of the company to his sons, John W. Mellowes and Charles A. Mellowes.
Snap-on caps strong year
Kenosha-based Snap-on Inc. reported fourth quarter net earnings of $84.6 million, or $1.43 per diluted share, up 13.9 percent from $74.3 million in the fourth quarter of 2011.
