Banking & Finance

Kenosha-based Snap-on Inc. today reported third quarter net earnings of $106.4 million, or $1.76 per share, up from $87 million, or $1.43 per share, in the third quarter of 2013.

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.

The U.S. stock market continued its October plunge today, with the Dow Jones Industrial Average losing another 319 points.

Milwaukee-based mortgage insurance firm MGIC Investment Corp. today 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.

Milwaukee-based private equity firm Generation Growth Capital Inc. has acquired St. Lucie, Fla.-based Atlantic Precision Inc.

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

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.

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

Effingham, Ill.-based Midland States Bank is adding to its presence in the Milwaukee market with a Wauwatosa commercial loan production office.

Elgin, Ill-based The Middleby Corp. plans to acquire Milwaukee-based U-Line Corp., the companies announced today.