Banking & Finance

Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. today announced its 2012 financial results, which include a record dividend payout to policy owners expected to exceed $5 billion in 2013. The company paid $4.97 billion in dividends last year.

Steve Booth has been promoted to chief operating officer and will eventually serve as chief executive officer and president of Milwaukee-based Robert W. Baird & Co Inc.

Steve Booth has been promoted to chief operating officer and will eventually serve as chief executive officer and president of Milwaukee-based Robert W. Baird & Co Inc.

The River Revitalization Foundation (RRF), Milwaukee's urban rivers land trust, has closed on the purchase of an additional riverfront property on Riverboat Road with assistance from The Conservation Fund's Land Trust Loan Program.

Brown Deer-based Bank Mutual Corp. reported fourth quarter net income of $2.3 million, or 5 cents per share, up from $1.4 million, or 3 cents per share, in the same period a year ago.

Associated Banc-Corp, the Green Bay-based parent company of Associated Bank, reported fourth quarter net income $45 million, or 26 cents per share, up from $40 million, or 23 cents per share, in the same period a year ago.

Milwaukee private investment firm Jacsten Holdings LLC has acquired Lake Villa, Ill.-based Vonco Products Inc.

Most Wisconsin bank leaders consider the state’s economic health to be at least “fair,” according to a Bank CEO Economic Conditions Survey recently conducted by the Wisconsin Bankers Association.

Most Wisconsin bank leaders consider the state’s economic health to be at least “fair,” according to a Bank CEO Economic Conditions Survey recently conducted by the Wisconsin Bankers Association.

Milwaukee-based Vector Technologies Inc. has been acquired by Holden Industries Inc. of Deerfield, Ill.