Banking & Finance

Wisconsin banks saw continued loan growth in second quarter

Wisconsin banks saw loan growth, flat deposits and a decline in noncurrent loans and leases during the second quarter, according to FDIC data analyzed by the Wisconsin Bankers Association.

Fred C. Schwertfeger named president of Horicon Bank

Horicon Bank has named Fred C. Schwertfeger as president of the bank, taking over the role from his father Fred F. Schwertfeger, who remains the company’s chief executive officer.

Zurn completes acquisition of Elkay Manufacturing

Milwaukee-based Zurn Water Solutions Corp. has completed its planned acquisition of Downers Grove, Illinois-based Elkay Manufacturing Company.
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UW Credit Union to open branch at planned East Side development

UW Credit Union will open a new branch on the ground floor of a 53-unit apartment complex planned for the 1500 block of East North Avenue between Cambridge Avenue and Newhall Street on Milwaukee's East Side, a developer of the mixed-use project has confirmed.

Bank Five Nine president and CEO to retire

Oconomowoc-based Bank Five Nine announced that its president and chief executive officer, Mark Mohr, will retire in early 2023.

More than 60% of Wisconsin bank CEOs expect recession in next six months

More than 60% of Wisconsin bank CEOs say a recession is likely or very likely in the next six months, according to survey results from the Wisconsin Bankers Association.

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