Banking & Finance

Gov. Scott Walker's administration sent letters to an estimated 92,000 Wisconsinites today, notifying them that they no longer will be eligible for health care insurance coverage through the state's BadgerCare Plus program.

Brookfield-based Ridgestone Financial Services reported record earnings during the first six months of 2013, with a net income of $4.2 million, up from $219,000 for the first six months of 2012.

Melissa Case has been named chief financial officer of Elm Grove-based Annex Wealth Management.

Cudahy-based Roadrunner Transportation Systems Inc. has acquired substantially all of the assets of YES Trans Inc., a refrigerated truckload service provider based in Salisbury, Mass.

Waukesha State Bank has promoted Marynell Costa and James P. Riley to senior vice president.

Associated Bank has named three new leaders in the Milwaukee area.

James Cox has joined Milwaukee private equity firm Brass Ring Capital as special advisor. He will assist the firm in identifying and completing investments in the southeastern United States as it expands its geographic reach.

Brookfield-based Ridgestone Financial Services today reported record earnings during the first six months of 2013, with a net income of $4.2 million, up from $219,000 for the first six months of 2012.

Milwaukee-based solar panel manufacturer Helios USA has closed, and about 24 employees have been laid off.

S.C. Johnson & Son Inc. announced it has reached an agreement to acquire Melvo Holding GmbH, a shoe care company with leading brands sold throughout Europe and the Commonwealth of Independent States (CIS), from a shareholder group led by VR Equitypartner.