Banking & Finance

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.

Milwaukee-based Renaissance Power Systems has acquired Roebuck, S.C.-based Griffin Gear Inc.

Menomonee Falls-based Kohl’s Corp. reported fourth quarter net income of $334 million, or $1.56 per share, down from $378 million, or $1.66 per share, in the same period a year ago.

Sussex-based Quad/Graphics Inc. today 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.

Milwaukee-based Roundy’s Inc. reported fourth quarter net income of $8.7 million, or 19 cents per share, compared to a net loss of $98.4 million, or $2.19 per share, in the fourth quarter of 2012.

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

Milwaukee-based shoe manufacturer Weyco Group Inc. today reported fourth quarter net earnings of $7.2 million, or 62 cents per share, down from $8.3 million, or 71 cents per share, in the same period a year ago.

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. today.

Associated Bank has been expanding its revamped training program, Associated University, based on a prototype location in Milwaukee.

Glendale-based Johnson Controls Inc. is planning to sell its automotive headliner and sun visor business to an affiliate of Connecticut private equity firm Atlas Holdings LLC.