Banking & Finance
ABC Supply acquires Tennessee firm
Beloit-based building products distributor ABC Supply Co. Inc. announced that it has acquired the assets of American Wholesale Building Supply Co., a distributor of siding and windows with a single location in Nashville, Tenn.
New hires and promotions
Robert F. Wolf has been named chief credit officer at Spring Bank. He joined the bank as vice president-administration...
Kaminski to head wealth division
Daniel L. Kaminski has been named executive vice president and head of Johnson Bank’s Wealth line of business.
Harley sales soar
Harley-Davidson Inc. reported second quarter net income of $271.7 million, or $1.21 per share, up from $247.3 million, or $1.21 per share, in the same period a year ago.
Generac to Acquire Tower Light business
Waukesha-based Generac Holdings Inc. announced it has signed a purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I and a group of minority-share investors.
Cool spring chills Briggs & Stratton
Wauwatosa-based Briggs & Stratton Corp. announced that it expects to report net sales and earnings below the guidance that it provided for fiscal 2013. The lower retail sales due to a late spring in the U.S. and Europe have not yet recovered in the current season, the company said.
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Associated Bank’s board authorizes stock repurchase
The Associated Banc-Corp board of directors has authorized the repurchase of up to $120 million of the Green Bay-based company’s common stock.
Waukesha bank opens Brookfield office
Waukesha State Bank will open a new branch at 18300 W. Capitol Drive in Brookfield, replacing its current office at 19265 W. Capitol Drive.
MGIC returns to profitability
Reflecting the growing rebound of the U.S. housing market, Milwaukee-based MGIC Investment Corp. today reported its first quarterly profit since 2010.
Northern Trust reports solid quarter
Northern Trust Corp., the Chicago-based parent company of Northern Trust Bank, reported second quarter net income of $191.1 million, or 78 cents per share, up from $179.6 million, or 73 cents per share, in the same period a year ago.