Banking & Finance

Racine-based S.C. Johnson & Son Inc. has reached an agreement to acquire ITW's global Space Bag brand and related assets.

Allison Transmission Inc,, the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses, announced it has invested in a non-controlling equity stake in Odyne Systems LLC of Waukesha.

Cory Nettles, managing director of Generation Growth Capital and former secretary of the Wisconsin Department of Commerce, has joined the Greater Milwaukee Foundation Board.
“We are excited to have Cory joining our Board,” said Ellen Gilligan, president and chief executive officer of the Greater Milwaukee Foundation. “He brings private, and nonprofit sectors.”

U.S. Bank announced it is providing more than $2.8 million in new markets tax credit equity for the construction of a 52,000-square-foot office and fabrication facility for J.F. Ahern Co. in the Menomonee Valley in Milwaukee.

Dorner Mfg. Corp. has been recapitalized by Incline Equity Partners. Cleary Gull Inc. of Milwaukee acted as exclusive financial advisor to Dorner in the transaction.

U.S. Bank will host the holiday fireworks display on the Milwaukee lakefront tonight at 9:30 p.m. The fireworks will be launched from three barges on the lake, near Veterans Park.

The Wisconsin Economic Development Corporation has invited credit unions to participate in a July 26 dialogue that will explore ways to make the state’s financial industry more competitive and robust.

Half of the bank CEOs who responded to a recent survey by the Wisconsin Bankers Association expect Wisconsin’s economy to grow over the next six months.

U.S. stocks soared today, reducing second-quarter losses, after European Union leaders agreed to steps to bolster the economies of the region’s more troubled nations.

John Nowicki is retiring as the Greenfield Office president at Community Bank & Trust.
Nowicki will be succeeded by Scott Moseley.