Banking & Finance

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.

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

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.

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