Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Customers expect flexible options for billings and payments
The check may not be in the mail. Today's consumer uses an average of three different payment methods each month, from online to mobile to walk-in and yes, even the occasional check, according to the seventh annual Billing Household Survey from Fiserv. With today's abundance of options to pay and receive bills, consumers increasingly value choice – and choice leads to increased customer satisfaction.
A.O. Smith delivers higher earnings on consumer pre-buy
Milwaukee-based water heater and boiler manufacturer A.O. Smith Corp. reported fourth quarter net income of $53.2 million, or 59 cents per share, up from $42.4 million, or 46 cents per share, in the fourth quarter of 2013.
Robertson Ryan merges with Loyda and Walton agencies
Milwaukee-based Robertson Ryan & Associates Inc. has merged with the Shorewood-based Jack C. Loyda agency and the Kewaunee-based Walton Insurance Associates Inc. in a non-cash transaction.
Chicago company makes unsolicited bid on Quad/Graphics acquisition target
Chicago-based multichannel communication company R.R. Donnelley & Sons Co. has submitted an unsolicited proposal to acquire North Chelmsford, Mass.-based Courier Corp. for $23 per share in cash or R.R. Donnelley common stock.
Waukesha State Bank opens new Waukesha branch
Waukesha State Bank has opened a new freestanding branch at 1640 E. Main St. in Waukesha.
Rexnord mill products business rights sold
Milwaukee-based Rexnord Industries LLC has sold certain intellectual property rights related to its Falk Mill Products business to Helsinki, Finland-based Metso for an undisclosed price.
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Associated Banc-Corp reports higher 4Q, 2014 earnings
Green Bay-based Associated Banc-Corp reported fourth quarter net income of $48.7 million, or 31 cents per share, up from $47.8 million, or 28 cents per share, in the fourth quarter of 2013.
Briggs & Stratton earnings up in 2Q
Wauwatosa-based Briggs & Stratton Corp. reported fiscal 2015 second quarter net income of $6.9 million, or 15 cents per share, up from $702,000, or 1 cent per share, in the second quarter of 2014.
Johnson Controls reports strong first quarter
Glendale-based global multi-industrial firm Johnson Controls Inc. today reported fiscal 2015 first quarter net income of $546 million, or 76 cents per share, up from $502 million, or 69 cents per share, in the first quarter of 2014.
Poblocki Sign acquired by Chicago merchant bank
Milwaukee-based sign manufacturer Poblocki Sign Co. has been acquired by Chicago-based merchant banking boutique TJM Capital Partners.
