Banking & Finance

Mortgage Guaranty Insurance Corporation has promoted Paul Spiroff to vice president assistant treasurer. Spiroff joined MGIC, the principal subsidiary...

U.S. Bank has opened a new branch in the Walmart store at 4140 W. Greenfield Ave. in Milwaukee.

Milwaukee-based investment banking firm Cleary Gull Inc. has advised Vanguard Graphics International LLC in its recapitalization by Kansas venture Capital Inc., Capital for Business, Jefferson Capital Partners and key members of management.

Five banks with a local presence have contributed $2.5 million in capital to a loan pool that will fund the City of Milwaukee’s Neighborhood Stabilization Program efforts.

Milwaukee-based MGIC Investment Corp. continues to post hefty losses. The company today reported a first quarter net loss of $72.9 million, or 31 cents per share, up significantly from a net loss of $19.56 million, or 10 cents per share, in the first quarter of 2012.

Members of United Auto Workers Local 469 plan to demonstrate today at the shareholders meeting for Master Lock parent company Fortune Brands Home & Security Inc. in Wheeling, Ill.

Milwaukee-based Harley-Davidson Inc. reported first quarter net income of $224.1 million, or 99 cents per share, up from $172 million, or 74 cents per share, in the same quarter a year ago.

In 2011 and 2012 combined, there were nearly 500 mergers and acquisitions completed that involved Wisconsin-based companies. About 285 involved a Wisconsin-based seller and 289 involved a Wisconsin-based buyer.

Westbury Bancorp Inc., the West Bend-based holding company for Westbury Bank, has completed its stock offering in connection with the mutual-to-stock conversion of WBSB Bancorp MHC.

Industry experts to be featured in the upcoming BizTimes M&A Forum are expressing confidence in the outlook for the mergers and acquisitions market.