Banking & Finance

Wisconsin state banks reported combined net income of $1.02 billion in the fourth quarter of 2013, up from $828 million in the fourth quarter of 2012, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corp.

Rick Kollauf has been named estate planning manager at BMO Private Bank.

Sussex-based Quad/Graphics Inc. reported fourth quarter net earnings of $60 million, or $1.24 per share, up significantly from $20.7 million, or 39 cents per share, in the fourth quarter of 2012.

In today's lending environment, “red flags” can significantly impact your ability to get the funds you need for your business. Red flags result in lenders questioning the quality of financial management within your company or of you as the owner – and assessing the quality of management and owners is a hot topic with lenders today.

Twenty-four students will explore their potential to excel as entrepreneurs in an experiential graduate program to be launched by Carroll University and Tim Keane, director of Brookfield-based Golden Angels Investors, this September.

Madison-based Summit Credit Union and West Allis-based Greater Milwaukee Credit Union have completed their merger.

Milwaukee-based Artisan Partners Asset Management Inc. has commenced a public offering of 7 million shares of its Class A common stock.

Brookfield-based North Shore Bank has launched a digital wallet tool with the goal of simplifying online shopping for its customers. It is the first Wisconsin bank to offer the service.

Waukesha-based OnCourse Learning Corp. has been acquired by New York private equity firm CIP capital.

Milwaukee-based Tramont Corp. announced today that it has filed a petition to reorganize under Chapter 128 of state statutes, which is similar to Chapter 11 of the federal bankruptcy law. The petition was filed this week in Milwaukee County Circuit Court.