Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Bank Mutual caps profitable year
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 Bank begins year on high note
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.
Jacsten acquires Illinois packaging company
Milwaukee private investment firm Jacsten Holdings LLC has acquired Lake Villa, Ill.-based Vonco Products Inc.
Bankers confident in state’s economic health
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.
Generation Growth acquires Mica Tool & Manufacturing
Generation Growth Capital Fund I, LP, a Milwaukee-based private equity fund, has acquired Mica Tool & Manufacturing Inc. of Mukwonago.
European slowdown takes toll on Johnson Controls
Glendale-based Johnson Controls Inc. reported first fiscal quarter net income of $354 million, or 52 cents per share, down from $424 million, or 62 cents per share, in the same period a year ago.
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Expect consolidations in banking industry
Financial institutions will continue to improve from a profitability standpoint throughout 2013. However, earnings pressures will also continue to challenge the industry.
Technology gives consumers more power
Consumers are more connected than ever, with Wi-Fi, 4G, aircards and other technology allowing people to connect to the Internet almost anywhere.
The fiscal cliff: Now for the hard part
The U.S. House of Representatives recently passed the American Taxpayer Relief Act (ATRA), addressing the tax portion of the fiscal cliff, but delaying decisions on the spending part for another two months (for now).
BizTimes Nonprofit Weekly: U.S. Bank donates $20,000 for Fisher House
U.S. Bank has funded a $20,000 grant to Fisher House Wisconsin to support the construction of the nonprofit’s onsite facility at the Clement J. Zablocki VA Medical Center in Milwaukee.
