Banking & Finance

TruStone Financial Federal Credit Union of Plymouth, Minn. announced it has reached an agreement to acquire Ladish Community Credit Union (LCCU) of Cudahy.
The boards of directors of both organizations unanimously approved a merger of the two credit unions.

Lawmakers in Washington have done what previously seemed unthinkable: They have allowed sequestration to mindlessly cut spending across the board rather than agree to a coherent deficit-reduction plan.

Cleary Gull Advisors in Milwaukee has hired Brady Endl and promoted Charles Batchelor and Mike Peters.

Canton, Ohio-based LEL Operating Company, the parent company of Superior Dairy Inc., has submitted a $5.5 million bid on the now-shuttered Golden Guernsey Dairy Plant in Waukesha, according to company trustee Charlie Stanziale Jr.

U.S. Bank committed more than $17.5 million in construction debt and tax credit equity for the development of a new residential complex, the Maria Linden Independent Senior and Assisted Living Apartments in Milwaukee.

Stoughton-based Nelson Global Products Inc. has acquired Water Works Manufacturing located in Cambridge, Minn.

Canton, Ohio-based LEL Operating Company, the parent company of Superior Dairy Inc., has submitted a $5.5 million bid on the now-shuttered Golden Guernsey Dairy Plant in Waukesha, according to company trustee Charlie Stanziale Jr.

Milwaukee-based Joy Global Inc. reported fiscal first quarter net income of $142.1 million, down slightly from $142.5 million in the same period a year ago.

Weyco Group Inc. announced fourth quarter net earnings of $7.7 million, or 71 cents per share, up from $5.5 million, or 50 cents per share, in the same period a year ago.

After months of worrying about the “fiscal cliff,” financial advisors are again focusing on risk assessment. Risk assessment involves a series of steps.