Industries
ABC Supply acquires inventory from Michigan firm
Beloit-based building products distributor ABC Supply Co. Inc. has acquired the inventory and select equipment previously owned by JB Supply Company, a distributor of roofing, siding and other exterior building products in Flint, Mich.
New hires and promotions
Sally Vega has been named trust officer in Milwaukee for The Private Client Reserve of U.S. Bank. Vega will be responsible for serving high net worth clients, families and charities with trust administration services. She has more than 16 years of experience in financial services, most recently as trust officer for The PrivateBank in Milwaukee.
Startups received $163 million in 2012
More than $163 million of early stage funding was invested in emerging Wisconsin companies in 2012, up 7 percent from $153 million in 2011, according to a recent report from the Wisconsin Angel Network.
Schuelke named to ABA council
David Schuelke, CEO of Brookfield-based Spring Bank, has been appointed to the Community Bankers Council of the American Bankers Association.
Wisconsin ranks 49th in Fed economic forecast
Wisconsin's six-month economic forecast ranks 49th in the nation, according to the latest state-by-state analysis by the Federal Reserve Bank of Philadelphia.
Community Bankers call for ending ‘too-big-to-fail
The board of directors for Community Bankers of Wisconsin (CBW) is calling for passage of a U.S. Senate bill that will require the nation's largest banks to increase their capital requirements.
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North Shore Bank to acquire Bank of Kenosha
Brookfield-based North Shore Bank announced Friday that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase Kenosha-based Banks of Wisconsin, which does business as Bank of Kenosha.
Wisconsin bank profits up
Wisconsin banks reported combined net income of $256 million in the first quarter, up from $200 million in the same period a year ago, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corporation (FDIC).
Actuant to sell division
Menomonee Falls-based Actuant Corp. announced Monday that its board of directors has authorized a plan to sell the company's Electrical segment.
New national report says expanding Medicaid is best option for states
A new national study from the RAND Corporation says states choosing not to expand Medicaid under federal health care reform will leave millions of residents without health insurance and increase spending, at least in the short term, on the costs of treating uninsured residents.
