Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
New hires and promotions
Matthew Dolsky has joined Ridgestone Bank’s Brookfield office as AVP-commercial lending. He will be responsible for government guaranteed lending...
Roadrunner announces stock offering
Cudahy-based Roadrunner Transportation Systems Inc. has announced a public offering of 3.5 million shares of common stock, 1.5 million of which will come from the company.
Nicolet National Bank acquires assets of Bank of Wausau
The Bank of Wausau became the 14th federally insured Wisconsin bank to be seized by regulators Friday.
Douglas Dynamics Q2 income falls as pre-season orders shift
Milwaukee-based Douglas Dynamics Inc. reported lower second quarter net income and net sales.
MillerCoors profits shrink
SABMiller plc and Molson Coors Brewing Co. reported that net sales and net income for MillerCoors LLC declined during the second quarter.
Sachdeva settlement boosts Koss
Milwaukee-based headphone manufacturer Koss Corp. reported fourth quarter net income of $4.6 million, or 62 cents per share, up from $931,891, or 13 cents per share, in the fourth quarter of 2012.
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Rockwell earnings up 6.8%
Milwaukee-based Rockwell Automation Inc. reported third quarter net income of $203.7 million, up 6.8 percent compared to $190.7 million in net income during the third quarter of fiscal 2012. Diluted earnings per share were $1.45, up from $1.33.
Fiserv earnings down
Brookfield-based Fiserv Inc. reported second quarter net income of $151 million, or $1.13 per share, down from $161 million, or $1.17 per share, in the second quarter of 2012.
Connecture projects major revenue growth
Brookfield-based Connecture, Inc. is forecasting revenue growth of more than 80 percent this year to revenues in excess of $90 million.
Generac announces secondary offering
Funds affiliated with CCMP Capital are selling all of their 7.02 million shares of stock in Generac Holdings Inc. through a secondary offering, excluding small amounts held by directors and a former director that were given as compensation for service on the board of directors.