Banking & Finance

Fiserv Inc.’s highest paid executives have agreed to a base salary pay cut to financially support the Brookfield-based company’s employees during the COVID-19 pandemic, according to a filing with the Securities and Exchange Commission.

Wisconsin Bank & Trust and its sister banks are processing $1.5 billion in Paycheck Protection Program loans under their holding company Heartland Financial USA, Inc.

The Wisconsin Bankers Association is calling on the U.S. Small Business Administration to grant SBA districts the authority to make local adjustments so that lenders have equal access to the SBA’s application portal.

Ixonia Bank acquired Waukesha-based Novus Home Mortgage, a nationwide lender with 18 branches in eight states, the bank announced today.

Milwaukee-based Dohmen has acquired FoodChain, an online marketplace and logistics company founded by University of Wisconsin-Madison alumni.

Financial institutions are awaiting additional guidance from federal officials before making available an array of financial relief programs for businesses impacted by the COVID-19 coronavirus pandemic.

Brew City Match will offer $150,000 in loans and grants to help small businesses in certain parts of Milwaukee overcome closures and temporary revenue loss caused by the COVID-19 pandemic.

Sussex-based Power Test Inc., a dynamometer and test system manufacturer, announced Tuesday that it has acquired Manchester, New Hampshire-based DynoMite Dynamometer.

Business owners can now apply for an up to $10,000 grant cash advance through the Small Business Administration’s Economic Injury Disaster Loan program.

Associated Bank has committed $300,000 to support COVID-19 recovery efforts in its three-state footprint including Wisconsin, Minnesota and Illinois.