Industries

First Business Bank—Milwaukee has opened a new office in Kenosha, at 6633 Green Bay Road, Suite 2.

Elm Grove-based Savvy Panda, an inbound marketing and web design agency, has been acquired by Warrington, Pa.-based Square 2 Marketing.

The Milwaukee Bucks announced today that it will move its corporate office to the Schlitz Park complex, just north of downtown Milwaukee. The team also says it has added 40 employees to its sales staff and executive team in recent months and now has more than 130 employees.

Kenosha-based multifacturing company Xten Industries LLC will cease operation of its Kenosha facility and lay off 120 employees, according to a WARN notice filed last week with the Wisconsin Department of Workforce Development.

Marketing firm Mangold Creative has purchased a historic Masonic Temple at 126 N. Main St. in downtown Pewaukee for $190,000, and plans to renovate the space for its new office.

Madison-based First Business Financial Services Inc., parent company of First Business Bank-Milwaukee, reported third quarter net income of $3.6 million, or 89 cents per share, flat from $3.6 million, or 91 cents per share, in the third quarter of 2013.

Wauwatosa-based Waterstone Financial Inc. reported third quarter net income of $4.8 million, or 14 cents per share, up from $3.2 million, or 9 cents per share, in the third quarter of 2013.

The Milwaukee County Board’s Economic and Community Development Committee today voted unanimously to reaffirm its support for a a multi-building office space development that Brookfield-based Hammes Co. wants to build in the Park East corridor.

Ailing Milwaukee headphone manufacturer Koss Corp. plans to move from the NASDAQ Global Market to the NASDAQ Capital Market to avoid being delisted.

The Milwaukee County Board’s Economic and Community Development Committee today endorsed a proposal to sell the O’Donnell Park parking structure near the lakefront in downtown Milwaukee to Northwestern Mutual Life Insurance Co.