A three-year old consent order between WaterStone Bank SSB, a wholly-owned subsidiary of Waterstone Financial Inc., holding company of WaterStone Bank, and regulators has been terminated after the Wauwatosa financial institution satisfied requirements to return to profitability.

Milwaukee-based Strattec Security Corp. announced that its board of director is declaring a special cash dividend of 20 cents per common share to be paid on Dec. 31 to shareholders of record as of Dec. 21.

The West Bend Sunrise Rotary Club, producers of the annual Kettle Moraine Jazz Festival (KMJF) held annually on the weekend after Labor Day, announced that the club will no longer produce the event.

The Lawrence University Board of Trustees has named Mark Burstein, executive vice president of Princeton University, as the college’s 16th president.

Badger Magnetics Inc. is expanding its Milwaukee plant at 7939 W. Tower Ave.
The expansion will add approximately 4,000 square feet to the existing engineering and manufacturing facility.

Expanding their service in the Northshore community, Balistreri-owned and -operated Sendik’s Food Markets announced it will open a store in Bayside in the spring.

In a new report examining the functioning of Milwaukee’s workforce development system, the Public Policy Forum cites a higher level of coordination and cohesion among key workforce development players since the establishment of the Milwaukee Area Workforce Investment Board (MAWIB) in 2007, but suggests a need for greater coordination between the region’s economic development priorities and the needs of its unemployed.

LISC Milwaukee has announced the 16 finalists for its Milwaukee Awards for Neighborhood Development Innovation (MANDI).

Repairers of the Breach, a daytime shelter and resource center for homeless residents of Milwaukee, is reaching out to the community to help it meet the seasonal needs for the homeless.

Social business agency 7Summits, based in Milwaukee, has named R.J. Reimers president.

After more than five years as president and chief executive officer of the YMCA of Metropolitan Milwaukee and 30 years with the organization, Robert Yamachika will retire at the end of 2013, the organization announced Monday.

Brighter12, a Milwaukee-based start-up company, has launched its website www.brighter12.com to assist 12-step program participants in recovering from their addictions through interactive online tools.