Banking & Finance

The Wisconsin Department of Administration announced Monday it will deposit $108.7 million in the state’s rainy day fund, the largest amount ever allotted to the fund. The deposit will bring the fund balance to $125.4 million.

Sussex-based Quad/Graphics Inc. has signed an agreement to acquire substantially all of the assets of Vertis Holdings Inc., a Baltimore, Md.-based company that has filed for bankruptcy, for $258.5 million.

Billionaire investor Carl Icahn announced today he plans to make an unsolicited takeover bid to acquire Oshkosh Corp. for almost $3 billion.

Milwaukee-based mutual and hedge fund service provider UMB Fund Services Inc. has grown its Investment Managers Series Trust to more than $3 billion in net assets.

Associated Bank has announced three new additions to its leadership team in Milwaukee.

Marcus Hotels & Resorts, a division of Milwaukee-based Marcus Corp., is teaming with Carey Watermark Investors Inc. (CWI) and The Arden Group to acquire the Westin Atlanta Perimeter North in a joint venture.

West Bend-based Westbury Bank closed on Columbus Day, Oct. 8, while more than 150 employees took part in a company-wide volunteer day for the third consecutive year. Their volunteer efforts will be contributed to preparations for Washington County's Animated Holiday Lights Show, “Enchantment in the Park.”

A.O. Smith Corp. has declared a regular quarterly cash dividend of $.20 per share for Common Stock and Class A Common Stock.

APS Healthcare announced it will lay off 133 employees in Brookfield as a result of the acquisition of the company by Universal American Corp.

UnitedHealth Group Inc. announced it is buying most of Brazilian insurer and hospital operator Amil Participacoes SA for $4.9 billion.