Banking & Finance
Kohl’s fully draws $1 billion credit line for financial flexibility during coronavirus outbreak
Menomonee Falls-based Kohl’s Corp. has fully drawn its $1 billion unsecured credit facility to increase its cash position and preserve financial flexibility during the coronavirus outbreak, according to the company’s annual securities filing.
WBA creates interactive map for available bank lobby, drive-through access
The Wisconsin Bankers Association has created two interactive maps showing bank lobbies and drive-throughs around the state that are currently open and available to customers.
First Federal Bank of Wisconsin proposes stock repurchase program
First Federal Bank of Wisconsin Inc. has plans to initiate a stock repurchase program for up to 385,250 shares, or 5%, of the company’s outstanding shares of common stock, the bank recently announced.
Fiserv acquires Austin-based enterprise point-of-sale management company
Brookfield-based Fiserv acquired Bypass Mobile, an Austin, Texas-based independent software developer and enterprise point-of-sale systems innovator, Fiserv announced today.
Financial institutions adjust to coronavirus outbreak
Financial institutions are limiting lobby access at branches across the state as they adjust to the impact of coronavirus COVID-19.
SBA’s $2 million disaster relief loans not yet available
Small businesses in Wisconsin will soon have access to disaster relief loans, but several steps need to take place before these loans are disbursed, said Shirah Apple, public affairs specialist for the Small Business Administration.
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Associated Bank to suspend lobby access at most of its branches
Green Bay-based Associated Bank announced Sunday that it plans to temporarily suspend lobby access at most of its branch locations, as part of the national effort to prevent the spread of the coronavirus.