Banking & Finance

Regent Michael Falbo of Franklin was elected president of the University of Wisconsin System Board of Regents today, and Regent Regina Millner of Madison was elected to serve as vice president of the board.

Wisconsin Bank & Trust, a Madison-based community bank serving businesses and individuals from 10 branch offices statewide, announced that Kevin Tenpas has been named president and chief executive officer.

Waterstone Financial Inc., the parent company for WaterStone Bank SSB, announced today that it will be reorganized, changing from a bank mutual holding company to a fully public stock holding company.

U.S. regulators on Wednesday filed suit against U.S. Bank for allegedly facilitating the embezzlement of customer funds by the jailed founder of Peregrine Financial Group Inc., the collapsed futures brokerage.

Wisconsin Bank & Trust, a Madison-based community bank serving businesses and individuals from 10 branch offices statewide, announced that Kevin Tenpas has been named president and chief executive officer.

Wisconsin banks reported combined net income of $256 million in the first quarter, up from $200 million in the same period a year ago, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corporation (FDIC).

Menomonee Falls-based Actuant Corp. announced Monday that its board of directors has authorized a plan to sell the company's Electrical segment.

Partnership Bank announced today it has signed a definitive agreement to acquire the two Ozaukee County bank branches operated by Oak Creek-based Tri City National Bank.

Sonic Foundry Inc., the Madison-based provider of video content management and webcasting solutions, announced that the company has renewed its line of credit with Silicon Valley Bank.

Curtis Industries, a Milwaukee-based division of Powers Holdings, today announced it has acquired Tri-Mag, Inc., which manufactures standard and customized power supplies.