Rideshare Rental Startup Expands In New York And Wisconsin

PYMNTS

The company, which is in 29 states, is growing — it added New York City and Madison, Wisconsin, to its roster of cities in 2017. Beyond TLC-plated cars, the company also provides renters with the ability to run luxury cars so they can drive for Uber Black or Lyft Premier — as well as niche players like RideAlfred , which provides professional black car drivers in Wisconsin. Many, but not all, cars meet Uber and Lyft’s standards.

Citizens Community buying deposit-rich bank in Wisconsin

BankThink

Community banking M&A Capital Growth strategies WisconsinThe company agreed to aquire United Bancorp. for $51 million.

Wisconsin CU Regulator Writes CUs about Purchases of Whole Loans

Keith Leggett's Credit Union Watch

The Wisconsin credit union regulator on April 5 wrote that the purchase of whole loans by Wisconsin chartered credit unions is not permissible under state law. According to the letter, the purchasing of whole loans of non-members is not a permissible activity for Wisconsin state-chartered credit unions.

Bank First to expand Wisconsin operations with latest acquisition

BankThink

Community banking M&A Capital Growth strategies WisconsinBank First has agreed to pay $76 million in cash and stock for Waupaca Bancorp. The company should have nearly $1.8 billion in assets when it completes the deal.

Bank Mutual in Wisconsin plans to shed 10% of its branches

BankThink

The company will sell five branches in Wisconsin to an unnamed buyer. Branch network Branch deals Revenue and expenses WisconsinIt also plans to close two locations.

Associated to buy Bank Mutual in merger of large Wisconsin banks

BankThink

Community banking Regional banks M&A Earnings Capital WisconsinThe $482 million deal would be Associated's first bank acquisition since June 2007.

Advia Credit Union to Acquire Wisconsin Bank

Keith Leggett's Credit Union Watch

Advia Credit Union (Parchment, MI) has announced that it has signed a definitive agreement to acquire Mid America Bank, a Wisconsin-based bank headquartered in Janesville. At the end of 2015, Advia Credit Union reported almost $1.2 billion in assets. Mid America Bank had nearly $88 million in assets. The acquisition is expected to be completed in the second or third quarter of 2016. Upon completion of the acquisition, Advia will have approximately $1.3

BMO Harris Sells Wisconsin Branches to Real Estate Firm

American Banker

BMO Harris Bank in Chicago has agreed to sell 31 Wisconsin branches to a California real estate investment trust. breaking_news national-regional retail-branch-strategies branch-deals il wi dealmaking-strategy

Nicolet to Buy First Menasha in Wisconsin

American Banker

Nicolet Bankshares in Green Bay, Wis., has agreed to buy First Menasha Bancshares in Neenah, Wis. breaking_news community-banking m-a wi dealmaking-strategy

Regulators Close Wisconsin Bank in First Failure of 2016

American Banker

The Wisconsin Department of Financial Institutions closed the $67.1 million-asset North Milwaukee State Bank on Friday. breaking_news dealmaking-strategy community-banking wi law-regulation

Wisconsin Governor Announces Major Expansion in UW CU's FOM

Keith Leggett's Credit Union Watch

Governor Scott Walker joined officials from University of Wisconsin (UW) Credit Union and the Department of Financial Institutions (DFI) to announce a change in the credit union’s field of membership (FOM) eligibility requirements. Now, in addition to UW System past or present students, any Wisconsin resident who is currently enrolled or has attended any accredited institution of higher education can do business with the UW Credit Union.

Wisconsin CU Regulator to Add S to CAMEL

Keith Leggett's Credit Union Watch

Effective July 1, Wisconsin's Office of Credit Unions (OCU) will add "Sensitivity to Market Risk" (S) component to CAMEL. OCU also pointed out that "[t]he utilization of S component recognizes the increasing balance sheet complexity in Wisconsin credit unions." OCU wrote in a May 24 letter that it believes that the implementation of a "S" rating is prudent at this time. OCU noted that changes in interest rates can impact the earnings and net worth of credit unions.

Willy Street Co-op Thinks Small To Get Big Results

PYMNTS

Enter Willy Street Co-op — a small retailer in Wisconsin perhaps making a big step toward bridging the gap between what customers want and what the grocery marketplace supports. Everybody eats.

Mackinac to Buy Niagara Bancorp. in Wisconsin

American Banker

Mackinac Financial in Manistique, Mich., has agreed to buy Niagara Bancorp. in Niagara, Wis. breaking_news community-banking mi dealmaking-strategy

Fraudulent USDA Guaranteed Loans Sting University of Wisconsin CU

Keith Leggett's Credit Union Watch

The Milwaukee Journal Sentinel is reporting that University of Wisconsin Credit Union (Madison, WI) has taken a $13.1 University of Wisconsin Credit Union disclosed it had invested in the nonexistent USDA loans through Milwaukee-based Pennant Management Inc. million "loss contingency" charge due to an alleged fraud scheme involving fake U.S. Department of Agriculture guaranteed loans.

Massive fraud scheme victimizes Wisconsin’s fourth largest credit union

CU Insight

A federal judge in Chicago sentenced Nikesh Patel to 25 years in prison Tuesday for running a $179 million fraud scheme that victimized financial institutions, including Wisconsin’s fourth largest credit union. billion University of Wisconsin Credit Union in Madison, said the credit union’s net loss is expected to total $22.9 The post Massive fraud scheme victimizes Wisconsin’s fourth largest credit union appeared first on CUInsight.

Wisconsin CU Supervisor Denies CU's Request for MBL Waiver and Exception to MBL Cap

Keith Leggett's Credit Union Watch

The Wisconsin Division of Credit Unions has denied the application of Community First Credit Union (Appleton, WI) for an exception to the aggregate member business loan (MBL) limit and a MBL waiver, most likely dealing with construction and development loans. I filed an open records request to the Wisconsin Credit Union supervisor seeking information related to the denial.

Citizens Community in Wisconsin Hires New Chief

American Banker

The $602 million-asset company said in a press release Friday that Stephen Bianchi was tapped to replace Edward Schaefer, who resigned in May. breaking_news dealmaking-strategy people wi community-banking

Wisconsin League backs dual membership

CU Insight

The Wisconsin Credit Union League board of directors said it affirmed its commitment to CUNA/league dual membership, according to a prepared statement released by the league Tuesday. The post Wisconsin League backs dual membership appeared first on CUInsight.

First Business in Wisconsin Hires COO

American Banker

First Business Financial Services in Madison, Wis., has appointed David Seiler as chief operating officer. The $1.8 billion-asset holding company said Seiler will start in the newly created role on April 18. breaking_news wi people community-banking

Credit Union to Buy Peoples Bank in Wisconsin

American Banker

Advia Credit Union in Parchment, Mich., has agreed to buy Peoples Bank in Elkhorn, Wis. breaking_news community-banking mi wi dealmaking-strategy

North Shore Bank to Buy Layton Park Financial in Wisconsin

American Banker

North Shore Bank in Brookfield, Wis., has agreed to buy Layton Park Financial Group in West Allis, Wis. breaking_news community-banking m-a wi dealmaking-strategy

Nicolet in Wisconsin Quickly Scraps Co-CEO Model

American Banker

Nicolet Bankshares in Green Bay, Wis., disclosed in a regulatory filing Thursday that Robert Cera, who had shared the chairman, president and chief executive roles with Bob Atwell, was no longer at the company. breaking_news people dealmaking-strategy community-banking

First-Citizens to pick up Milwaukee branches with latest deal

BankThink

Community banking M&A Consolidations First Citizens Bank WisconsinFirst-Citizens Bank & Trust in Raleigh, N.C., has agreed to buy Capital Commerce in Milkwaukee.

Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament

PYMNTS

Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.

Wisconsin Exception to Business Loan Cap: Community First Approved, Landmark Denied

Keith Leggett's Credit Union Watch

Two Wisconsin credit unions applied to the state regulator for an exception from the aggregate business loan cap. The Wisconsin Department of Financial Institution’s Office of Credit Unions approved Community First Credit Union’s (Appleton, WI) request for an exception from the aggregate business loan cap up to 18 percent of assets.

House Speaker Paul Ryan visits Landmark Credit Union in Wisconsin

CU Insight

The post House Speaker Paul Ryan visits Landmark Credit Union in Wisconsin appeared first on CUInsight. Speaker of the House Paul Ryan (R-Wis.) visited Landmark CU, New Berlin, Wis., this month, meeting with the leadership team and taking a tour of the administrative offices.

Associated plans to close 36 branches when it buys Bank Mutual

BankThink

The Wisconsin company plans to shutter half of Bank Mutual's branches, including seven in Milwaukee. M&A Community banking Regional banks Branch network Expense management Revenue and expenses Wisconsin

Associated in Wis. to buy risk management consultant

BankThink

Regional banks M&A Risk management Insurance Wisconsin MinnesotaAnderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.

Wisconsin Credit Union League calls on Speaker Ryan to pass S. 2155

CU Insight

The Wisconsin Credit Union league teamed up with the Wisconsin Bankers Association to urge Speaker of the House Paul Ryan (R-Wis.) to take up and pass the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act.

Credit unions thwart Wisconsin payday loan provision

CU Insight

Credit unions and banks in Wisconsin together urged Governor Scott Walker to veto a part of the state’s budget that could have, they said, sharply increased the numbers of services the state’s payday lenders could provide. by: David Morrison.

FDIC fines Wisconsin bank and other lenders for overcharging military members

BankThink

The regulator said that the Bank of Lake Mills, Freedom Stores and Military Credit Services violated the FTC Act. Consumer lending Penalties and fines FDIC FTC CFPB

Ex-JPM regional exec to join Wis. community bank

BankThink

has hired the head of JPMorgan Chase’s Wisconsin-Minnesota market as its president. Community banking Recruiting JPMorgan Chase Minnesota WisconsinJohnson Bank in Racine, Wis.,

Another community bank agrees to sell to a credit union

BankThink

Community banking Credit unions M&A WisconsinSuperior Choice Credit Union in Superior, Wis., will purchase Dairyland State Bank. It is the second deal announced this year where a credit union plans to buy a bank.

Former Baylake CEO hired for key post at Greenwoods Financial in Wisconsin

BankThink

Robert Cera will be responsible to bringing in more business near Milwaukee. Succession planning Recruiting Lending

Old National is latest bank to sell, close branches

BankThink

Community banking Branch management Branch network M&A Credit unions Indiana WisconsinThe Indiana bank plans to sell 10 branches to a credit union. It will also shut down several more locations.

What’s my bank got to do with the price of milk?

BankThink

Community banking Institutional investors Retail investors WisconsinForget ROA and efficiency ratio. When it comes to buying stakes in small banks, many investors are looking at indicators like commodities prices, executives' ages and city-by-city market conditions.

First Business in Wis. to consolidate bank charters

BankThink

Community banking Consolidations WisconsinFirst Business in Wis. to consolidate bank charters-.

First American to buy Southport Financial

BankThink

Community banking M&A Capital Growth strategies Illinois WisconsinThe cash acquisition allows First American to expand its operations in Kenosha, Wis.

Fed approves change-in-control application against wishes of Minn. bank

BankThink

Community banking M&A Capital Federal Reserve Minnesota WisconsinThe Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, declining to take into account claims the transaction imperils the target's S corporation status.