Banking & Finance

The U.S. stock market took a holiday breather today after closing the first quarter Thursday with the S&P 500 and the Dow Jones Industrial Average standing at record highs.

Beloit-based ABC Supply Co. Inc. has acquired substantially all of the assets of Lee Wholesale Supply Inc., a distributor specializing in steep-slope roofing, siding and windows with four locations in the Michigan communities of Livonia, Macomb, New Hudson and Port Huron.

Ed Krajcir, president of Sunbelt Midwest in Milwaukee, has been appointed Wisconsin chapter president of Midwest Business Brokers and Intermediaries. He will serve a one-year term.

Guaranty Bank has moved its headquarters from Brown Deer to Glendale following the January sale of subsidiary Shelter Mortgage LLC to a Chicago private equity firm.

The Veterans Administration Credit Union plans to merge with Madison-based Summit Credit Union.

We are entering that time during tax season where we counsel the micro-corporations or individuals that usually just see us at tax time. For clients like these we are more of a service provider than a business consultant. With them, our success is measured by the size of their refund. If they get one, it's a job well done and attributable to our tax skills. If not, there must be something else that can be done.

The Marcus Corp. today reported a fiscal third quarter operating loss of $224,000, or 5 cents per share, compared with operating income of $4.1 million, or 3 cents per share, in the same period a year ago.

Allrite Home & Remodeling Inc., a Milwaukee company specializing in siding, roofing, window and gutter replacement, has acquired S&E Insulation in Shorewood.

Jim Meyer has joined Wells Fargo as a senior vice president to lead the bank's commercial banking in southeastern Wisconsin.

The State of Wisconsin Investment Board (SWIB) and Wisconsin Alumni Research Foundation (WARF) are creating an early-stage venture capital fund focused on information technology.