Banking & Finance

Much has been written about the challenges facing today's community bankers, including ongoing asset quality issues, shifting capital requirements, cutthroat competition for customers, rapid developments in technology, and an endless onslaught of new rules and regulations. Notwithstanding these challenges, many banks have “turned the corner” and see opportunity on the horizon. What distinguishes the banks that are improving (and perhaps even excelling) from those that continue to struggle? In many instances, we believe the difference can be traced to the boardroom. This article summarizes common characteristics we have observed from those banks that are thriving, partially as a result of their board's involvement, guidance and strategic direction.

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.

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

Generations Bancorp, Inc., parent of Pewaukee-based Foundations Bank, has raised $5 million in new capital from a shareholder subscription.

Seider Heating & Plumbing of Milwaukee and Waukesha has purchased Mohrhusen & Associates in Menomonee Falls.

BMO Harris Bank announced that it has hired Ross Kohl to lead its Small Business Administration loan program efforts in Wisconsin, Arizona, St. Louis and Kansas.

Wisconsin Gov. Scott Walker has announced several key economic development initiatives aimed at improving the business climate and encouraging entrepreneurship and innovation.

Milwaukee-based Mortgage Guaranty Insurance Corp. (MGIC), the principal subsidiary of MGIC Investment Corp., announced that James Karpowicz, CFA, senior vice president, chief investment officer and treasurer, will retire, effective March 1.

A great deal of positive chatter about Wisconsin's economy in 2013 is coming out of the state's banking sector.