Banking & Finance

Green Bay-based Associated Banc-Corp, the parent company of Associated Bank, today reported first quarter net income to common shareholders of $41 million, or 24 cents per share, up from $15 million, or 9 cents per share, in the same period a year ago.

Pittsburgh-based PNC Financial Services Group Inc. today reported first quarter net income of $811 million, or $1.44 per share, down from $832 million, or $1.57 per share, for the same period a year ago.

The Charles Schwab Corporation has opened a new, independent branch in Mequon.

Chicago-based Northern Trust Corp. today reported first quarter net income of $161.2 million, or 66 cents per share, up from $151.0 million, or 61 cents per share, in the same period a year ago.

Minneapolis-based U.S. Bancorp today reported first quarter net income of $1.3 billion, or 67 cents per share, up from $1.0 billion, or 52 cents per share, in the same period a year ago.

UW Credit Union has opened its newest branch at 21215 E. Moreland Blvd. in Waukesha. The full-service branch is its fourth in the Milwaukee area and twentieth branch in Wisconsin.

Wisconsin banks have increased their small business lending by $16.9 million since receiving capital through Small Business Lending Fund (SBLF), according to a new report by the U.S. Department of the Treasury.

As it celebrates its 20th anniversary, the Northwestern Mutual Foundation plans to donate $16.7 million to charities in fiscal 2012.

American consumer spending increased for the third consecutive month, indicating that the economic recovery is gathering steam.

The remainder of the possessions bought with embezzled money by Sue Sachdeva, former Koss Corp. vice president of finance, will be sold April 21-22 by Ivana's Trunk, a Mequon consignment store.