Banking & Finance

Modine records Q4 loss on currency headwind

Racine-based Modine Manufacturing Co. today reported its fourth quarter and fiscal 2015 results.

First Choice Tree Care acquires Trees Are For Us

Mequon-based garden maintenance services provider First Choice Tree Care has acquired Milwaukee-based Trees Are For Us. The purchase price was not disclosed.

American Bank expands Waukesha team

Fond du Lac-based American Bank has hired three new team members and created a new position, all at its Waukesha location.

Baird Advisors nabs BMO municipal investment team

Milwaukee-based Baird Advisors, the institutional fixed income investment management division of Robert W. Baird & Co. Inc., has hired away from BMO Global Asset Management a three-person municipal investment team.

Milwaukee nonprofit calls for volunteer money coaches

As Make-A-Difference Wisconsin continues to expand its financial literacy programming across southeastern Wisconsin, the nonprofit is seeking volunteer coaches to mentor students in small groups and one on one.

HUD finished investigating Associated Bank lending practices

The U.S. Department of Housing and Urban Development has completed its investigation of Associated Bank N.A.’s lending practices between 2008 and 2011.
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Rexnord reports lower 4Q, full-year profits

Milwaukee-based Rexnord Corp. reported fiscal fourth quarter net income of $32.5 million, or 34 cents per share, down from $39.9 million, or 38 cents per share, in the fourth quarter of 2014.

Bon-Ton widens loss

The Bon-Ton Stores Inc., which has dual headquarters in Milwaukee and York, Pa., today reported a fiscal first quarter net loss of $34.1 million, or $1.74 per share, compared with a net loss of $31.5 million, or $1.63 per share, in the first quarter of 2014.

Facility consolidations ding Brady Corp.

Milwaukee-based Brady Corp. reported fiscal third quarter net income of $17.2 million, or 33 cents per share, down from $24.1 million, or 39 cents per share, in the third quarter of 2014.

Gustave A. Larson acquires Indiana distributor

Pewaukee-based Gustave A. Larson Co. has acquired Indianapolis-based Superior Distribution Inc. The transaction was completed Feb. 1.

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