Banking & Finance

Fontarome Chemical Inc. is now Apiscent Labs.

Kenosha-based tool manufacturer Snap-on Inc. has acquired substantially all of the assets of Pro-Cut International Inc. for about $42 million in cash.

Oconomowoc-based First Bank Financial Centre recently received the SBA Lender of the Year Award at the Wisconsin Lenders Conference.

Racine-based Modine Manufacturing Co. today reported fiscal fourth quarter net earnings of $119.7 million, or $2.49 per share, up from a loss of $1.6 million, or 4 cents lost per share, in the fourth quarter of 2013.

Milwaukee-based Rexnord Corp. today launched a public offering of 15 million shares of its common stock by certain funds affiliated with Apollo Global Management LLC.

The Bon-Ton Stores Inc., which has dual headquarters in Milwaukee and York, Pa., reported a first quarter net loss of $31.5 million, or $1.63 lost per share, compared to a net loss of $26.6 million, or $1.41 lost per share, in the first quarter of 2013.

Several projects that grew out of research at the University of Wisconsin-Milwaukee have received seed funding from the University of Wisconsin-Extension and the Wisconsin Economic Development Corp.

First Business Financial Services Inc. has agreed to acquire Aslin Group Inc., parent company of Kansas City-based Alterra Bank, for $30.1 million.

Milwaukee-based Baird Capital has sold its portfolio company, Charleston, S.C.-based American Auto Auction Group, to Detroit private equity firm Huron Capital Partners.

Jason Stamm has been named central region president for The Private Client Reserve of U.S. bank. He succeeds Mike Ott, who was recently named president of The Private Client Reserve.