Banking & Finance

Regal Beloit Corp. announced it has completed the acquisition of the RAM motor business previously owned by Schneider Electric.

Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a fiscal third quarter net loss of $15.1 million, or 71 cents per share, compared with a net loss of $15.3 million, or 72 cents per share, in the same period a year earlier.

Gus Hernandez Jr. has been appointed senior vice president and commercial banking manager for Johnson Bank's Milwaukee region.

Menasha Packaging Company LLC's Folding Carton Group is expanding its capabilities with a $6 million capital investment that will enable it to be more flexible and responsive when supporting the brand merchandising objectives of its customers.

Sheboygan-based Acuity Insurance announced that it has reached the $1 billion revenue mark, generated on premiums written across its 20-state operating territory.

Milwaukee-based Rexnord Corp. announced that its board of directors has initiated a review of its strategic alternatives that could include the sale of the company.

Kenosha-based Snap-on Inc. reported fourth quarter net earnings of $84.6 million, or $1.43 per diluted share, up 13.9 percent from $74.3 million in the fourth quarter of 2011.

Bolstered by last year's acquisition of Racine Federated Inc., Milwaukee-based Badger Meter Inc. reported a 362-percent increase in net earnings and a 22.4 percent increase in net sales for the fourth quarter of 2012.

Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a fiscal third quarter net loss of $15.1 million, or 71 cents per share, compared with a net loss of $15.3 million, or 72 cents per share, in the same period a year earlier.

Gus Hernandez Jr. has been appointed senior vice president and commercial banking manager for Johnson Bank’s Milwaukee region.