Banking & Finance

Madison-based Cellular Dynamics International Inc., a developer and manufacturer of fully functioning human cells in industrial quantities to precise specifications, announced that it has commenced an initial public offering.

A new organization aims to fund startups in Wisconsin by channeling donations from wealthy individuals, corporations and foundations.

Assisted Living Concepts Inc., a Menomonee Falls-based operator of assisted living residences, announced the completion of its acquisition by TPG, a global private investment firm, and the appointment of Jack Callison Jr. as the company's new chief executive officer.

Peter Engel, executive vice president of consumer banking for Johnson Bank, announced the Racine-based bank's mortgage team recently surpassed the $4 billion mark in loans serviced.

The Cease and Desist order issued by the Office of Thrift Supervision to Waterstone Financial Inc. has been terminated.

Milwaukee-based UMB Fund Services Inc. now has more than $5 billion in net assets in its Investment Managers Series Trust, a huge jump from what the fund held just a few months ago.

Peter Engel, executive vice president of consumer banking for Johnson Bank, announced the Racine-based bank’s mortgage team recently surpassed the $4 billion mark in loans serviced.

Assisted Living Concepts Inc., a Menomonee Falls-based operator of assisted living residences, announced the completion of its acquisition by TPG, a global private investment firm, and the appointment of Jack Callison Jr. as the company’s new chief executive officer.

U.S. stocks soared today, with the Dow Jones Industrial Average and S&P 500 crossing above their record closing marks, after Federal Reserve Chairman Ben Bernanke assured investors that the central bank intends to keep its stimulus measures for the foreseeable future.

A new organization aims to fund startups in Wisconsin by channeling donations from wealthy individuals, corporations and foundations.