Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Bucks add more members to ownership group
The Milwaukee Bucks announced that the team has added seven additional local investors to its ownership group, and for the first time acknowledged that New York hedge fund manager Jamie Dinan is a “substantial” owner of the team.
MGIC reports dramatic earnings increase
Milwaukee-based mortgage insurance firm MGIC Investment Corp. reported third quarter net income of $72 million, or 18 cents per share, up from $12.1 million, or four cents per share, in the third quarter of 2013.
ACG honors companies for outstanding growth
The Wisconsin Chapter of the Association for Corporate Growth recognized A.O. Smith Corp. of Milwaukee and J.F. Brennan Company of La Crosse with Outstanding Growth Awards during the chapter's member meeting this month.
Bank Mutual earnings up 51 percent
Brown Deer-based Bank Mutual Corp. reported third quarter net income of $4.4 million, or 9 cents per share, up 51.6 percent from $2.9 million, or 6 cents per share, in the third quarter of 2013.
Associated Bank grows on loans
Green Bay-based Associated Banc-Corp reported third quarter net income of $50.2 million, or 31 cents per share, up from $45.7 million, or 27 cents per common share, in the third quarter of 2013.
Connecture files for IPO
Brookfield-based Connecture Inc. has filed with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
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BankMyBiz launches seed round
Milwaukee and Madison-based startup BankMyBiz.com has launched a $500,000 seed round to fund its growth.
Associated Bank grows on loans
Green Bay-based Associated Banc-Corp reported third quarter net income of $50.2 million, or 31 cents per share, up from $45.7 million, or 27 cents per common share, in the third quarter of 2013.
Badger Meter reports record quarter
Brown Deer-based Badger Meter Inc. today reported third quarter net earnings of $10.2 million, or 71 cents per share, up 13.1 percent from $9 million, or 63 cents per share, in the third quarter of 2013.
Briggs & Stratton narrows loss
Wauwatosa-based Briggs & Stratton Corp. reported a fiscal 2015 first quarter net loss of $15.3 million, or 34 cents per share, compared to a net loss of $19.3 million, or 41 cents per share, in the first quarter of 2014.