Banking & Finance

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.

Beth Wnuk has been named executive director of the Women's Leadership Institute at Mount Mary College. Wnuk previously served as regional president of PNC Bank in southeastern Wisconsin.

Pittsburgh-based PNC Bank, which has several branches in the Milwaukee area, has agreed to pay $90 million to settle a class-action lawsuit that accused the bank of improperly manipulating its customers’ debit-card transactions to generate excess overdraft fee revenues.

BMO Harris Bank will close 24 branches, including 17 in Wisconsin, as part of its post-acquisition consolidation efforts.

Eagle Capital Growth Fund Inc. and its investment advisor, Sims Capital Management, have moved.