Banking & Finance

Milwaukee-based Joy Global Inc. reported second quarter net income of $181.6 million, or $1.69 per share, down from $213.6 million, or $2.00 per share, in the same period a year ago.

Brookfield-based North Shore Bank today announced that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase Kenosha-based Banks of Wisconsin, which does business as Bank of Kenosha.

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).

The U.S. stock market soared again today as Americans' confidence in the economy jumped in May to a five-year high, lifted by a better outlook for hiring and business conditions.

U.S. Bank is providing nearly $10 million in financing to help Heartland Housing Inc. develop a 37-unit family supportive housing project on a once vacant piece of land in northeast Milwaukee.

Milwaukee-based Patina Solutions has opened its ninth U.S. office in Minneapolis by acquiring Summit Advisory Group.

Manitowoc-based Orion Energy Systems Inc. has signed a definitive agreement to acquire all of the issued and outstanding equity interests of Harris Manufacturing Inc. and Harris LED LLC of Green Cove Springs, Fla.

Valuation Research Corporation has hired Nathan Emanuel as a machinery and equipment appraiser for its Milwaukee office.

Bank Mutual has named Jim Larson assistant vice president/bank office manager for its branch at 6801 W. Oklahoma Ave. in Milwaukee. He will oversee operations and customer service.

Milwaukee-based Oak Hill Business Partners has named Frank Orlando the head of its business sales and merger and acquisition advisory division.