Banking & Finance

Canadian BMO Harris Bank parent BMO Financial Group today reported first quarter net income of $1,048 million (Canadian) on a reported basis, down five percent from $1,198 million a year ago.

Global private investment firm TPG has entered a definitive agreement to acquire Menomonee Falls-based Assisted Living Concepts Inc.

Milwaukee-based Brady Corp. announced a net loss of $8.7 million for its fiscal second quarter, an improvement from a $90 million net loss from the previous fiscal second quarter.

Minneapolis-based U.S. Bancorp announced Tuesday that it donated more than $611,000 to United Way of Greater Milwaukee’s 2012 fundraising campaign through employee contributions and corporate gifts.

Facing another quarter of mounting net losses, ZBB Energy Corp., a Menomonee Falls-based developer of renewable energy power platforms and hybrid vehicle control systems, is exploring its strategic options and is seeking sources of additional financial investments.

First Business Bank-Milwaukee announced the election of Timothy Wallen to its board of directors.

Mequon-based Mortgagebot LLC plans to move its headquarters from 1000 W. Donges Bay Road in Mequon 2.5 miles north to a 40,000-square-foot space in the East Mequon Corporate Center V building at 12080 N. Corporate Parkway in Mequon.

Anthony Jovanovich, chairman and chief executive officer of Community Banc-Corp. of Sheboygan Inc., announced that Community Bank & Trust posted record earnings of $5.0 million for 2012.

RDA Holding Co., publisher of the 91-year-old Reader's Digest magazine and parent company of Greendale-based Reiman Publications, has filed for bankruptcy to cut $465 million in debt and focus on North American operations as consumers shift from print to electronic media.

Milwaukee-based A.O. Smith Corp. has about $800 million to invest in water technology acquisitions and is poised for growth in 2013.