Banking & Finance

U-Line to be acquired by Illinois foodservice equipment manufacturer

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

Wintrust to acquire Delavan Bancshares

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

Anchor Bancorp makes IPO

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

Baird analyst says October stock market swings are to be expected

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.

Park Bank appoints first chief information officer

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.

Lubars donate $3 million to UW Law School

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

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

Generation Growth Capital acquires aerospace manufacturer

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

National Baking Co. acquires Melody Cookies

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

Shelter Mortgage to lay off 63

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

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