Banking & Finance

Rosemont, Ill.-based Wintrust Financial Corp. plans to acquire Delavan-based Delavan Bancshares Inc. for $38 million.

Anchor Bancorp Wisconsin Inc., the parent company of AnchorBank fsb, has launched an initial public offering of 371,959 shares of common stock.

The U.S. stock market is fluctuating wildly in October, but that's a healthy sign, according to Bruce Bittles, chief investment officer of Milwaukee-based Robert W. Baird & Co. Inc.

Milwaukee-based Park Bank has named Tahir Hassan chief information officer, a newly created position in which Hassan will guide the bank’s information technology vision and strategy as well as enhance service experience for bank customers through technology.

Milwaukee business executive Sheldon B. Lubar and his wife, Marianne Lubar, have donated $3 million to the University of Wisconsin Law School.

Racine-based Johnson Bank has opened its planned Mequon branch.

Milwaukee-based National Baking Co. Inc. has acquired Oak Creek-based Melody Cookies Inc.

Shelter Mortgage Co. LLC will lay off 63 employees from its office at 4000 W. Brown Deer Road in Brown Deer.

Omaha, Neb.-based Cosentry, a leading Midwest IT solutions provider, announced it has acquired Milwaukee-based Red Anvil, a full service, managed data center provider.
The acquisition enables Cosentry to instantly expand its operations into the Milwaukee market enhancing the region’s current data center services with new disaster recovery, colocation, cloud services, managed hosting, and other managed service offerings.

Milwaukee-based ARI Network Services Inc. announced it has acquired TCS Technologies, a Cookville, Tenn.-based provider of software, websites and digital marketing services designed exclusively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical.