Banking & Finance

RDA Holding Co., publisher of the 91-year-old Reader's Digest magazine and parent company of Greendale-based Reiman Publications, has filed for bankruptcy to cut $465 million in debt and focus on North American operations as consumers shift from print to electronic media.

Milwaukee-based A.O. Smith Corp. has about $800 million to invest in water technology acquisitions and is poised for growth in 2013.

The student team representing Marquette University’s Graduate School of Management took the prize at the Association for Corporate Growth’s recent ACG Cup competition.

Gov. Scott Walker on Monday announced his two-year budget will provide $25 million for use on investment capital initiatives.

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.

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.

SABMiller plc and Molson Coors Brewing Company reported that Chicago-based MillerCoors LLC posted an 18.6 percent increase in net income to $1.19 billion in 2012. Underlying net income for the year was up 9.5 percent.

Johnson Outdoors Inc. will conduct its annual shareholder meeting on Thursday, Feb. 28, beginning at 10 a.m. at the company's global headquarters, 555 Main St. in Racine.

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.