Banking & Finance

The Federal Reserve Bank of Chicago reports in its latest “Beige Book” that the economic conditions in the Seventh District, which includes Wisconsin and most of the upper Midwest, continue to improve, although the pace of growth has slowed.

Heartland Financial USA Inc. announced today it will rename its Wisconsin Community Bank subsidiary to Wisconsin Bank & Trust.

Chicago Mayor Rahm Emanuel announced today that McGladrey LLP will move its corporate headquarters to the Windy City from Bloomington, Minn.

The Marcus Corp. today announced that its board of directors has authorized the repurchase of up to 2 million additional shares of the company’s outstanding common stock.

Northern Trust Bank has appointed Carl Tannenbaum, a banking industry leader in economics and risk management, as its chief economist.

Appleton Papers Inc. announced is discontinuing its proposal to be acquired by Hicks Acquisition Company II Inc., a special purpose acquisition company operated by billionaire Thomas Hicks.

Waterford-based Runzheimer International, a global leader in Total Employee Mobility solutions, has acquired Canadian GPS technology firm SatLogix Inc., an innovator of vehicle mileage tracking devices and cloud-based mileage management platforms.

Data Dimensions, a Janesville-based producer of business process automation (BPA) solutions, announced it has acquired Data Exchange Center Inc. located in Brown Deer.

Investment managers are becoming less positive on the U.S. economy and corporate earnings due to the expected negative impact of a recession in Europe and slower growth in China, according to a survey conducted in the second quarter by Northern Trust Bank.

Chicago-based Taylor Capital Group Inc. announced that Cole Taylor Bank is expanding its commercial banking business into southeastern Wisconsin through the opening of a new office in Franklin.