Banking & Finance

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.

TruStone Financial Federal Credit Union of Plymouth, Minn. announced today it has reached an agreement to acquire Ladish Community Credit Union (LCCU) of Cudahy.

Milwaukee-based MGIC Investment Corp., the nation’s largest private mortgage insurer, today reported a fourth quarter net loss of $386.7 million, compared with a net loss of $135.3 million in the fourth quarter for fiscal 2011.

Waterstone Mortgage Corp. is expanding into the greater Milwaukee area with a new office in West Allis.

Dan Blake, project manager for a California electronic medical records installation at Epic Systems, will leave his post and join the Wisconsin Technology Council as the director of its Wisconsin Angel Network in mid-March.

BMO Harris Bank parent company BMO Financial Group today reported first quarter net income of $1.0 billion (Canadian) on a reported basis, down 5 percent from $1.2 billion a year ago.

Wisconsin banks reported net income of $839 million in the fourth quarter of 2012, up dramatically from $488 million in fourth quarter 2011, according to the Federal Deposit Insurance Corp.’s Quarterly Banking Profile today.