Banking & Finance

Douglas Dynamics profit falls despite sales gains

Milwaukee-based snowplow manufacturer Douglas Dynamics Inc. reported second quarter net income of $13.1 million, or 57 cents per share, down from $14.6 million, or 64 cents per share, in the second quarter of 2014.

Magnetek reports strong quarter ahead of acquisition

Menomonee Falls-based Magnetek Inc. today reported second quarter net income of $3 million, or 83 cents per share, up from $2.3 million, or 68 cents per share, in the second quarter of 2014.

MADISON – Summit Credit Union merges with Janesville credit union

Madison-based Summit Credit Union -- the second largest credit union in Wisconsin -- just got bigger.

First Business Bank golf outing benefits Meta House, Milwaukee Rescue Mission

Meta House and Milwaukee Rescue Mission each won more than $9,000 from the second annual First Business Golf Invitational for Charity, held July 27 at Westmoor Country Club in Brookfield.

Generac acquires Vermont manufacturer

Waukesha-based power generation equipment manufacturer Generac Holdings Inc. today announced it has acquired Vergennes, Vt.-based Country Home Products Inc. The acquisition was completed Saturday.

First Business Bank golf outing benefits Meta House, Milwaukee Rescue Mission

Meta House and Milwaukee Rescue Mission each won more than $9,000 from the second annual First Business Golf Invitational for Charity, held July 27 at Westmoor Country Club in Brookfield.
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Generac acquires Vermont manufacturer

Waukesha-based power generation equipment manufacturer Generac Holdings Inc. today announced it has acquired Vergennes, Vt.-based Country Home Products Inc. The acquisition was completed Saturday.

Jason Industries reports loss on foreign currency translation

Milwaukee-based Jason Industries Inc. today reported a second quarter net loss of $865,000, or 7 cents lost per share, compared with net income of $5.2 million, or $5,237 per share, for its predecessor company in the second quarter of 2014.

Modine profit falls on strong dollar, lower demand

Racine-based thermal management systems and components manufacturer Modine Manufacturing Co. today reported fiscal 2016 first quarter net income of $5.5 million, or 11 cents per share, down from $14.1 million, or 28 cents per share, in the first quarter of 2014.

WaterStone Bank to open Fox Point branch

Wauwatosa-based WaterStone Bank has announced it will open a new branch in Fox Point.

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