Hayward Bancshares is latest Wisconsin bank to find a buyer

BankThink

The company's pending sale to Frandsen Financial marks the 12th bank deal announced this year involving a seller in Wisconsin. Community banking M&A Growth strategies Wisconsin

Partnership Community latest Wisconsin bank being sold

BankThink

Bank First's deal for Partnership is the third Wisconsin bank merger announced this week. Community banking M&A Growth strategies Wisconsin

Wisconsin banks announce plans to merge

BankThink

Community banking M&A Growth strategies WisconsinGreenwoods Financial will have $270 million in assets when it buys Fox River Financial.

Wisconsin credit unions, banks get legal win in collections case

BankThink

The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages. Debt collection Litigation Lawsuits Jim Nussle CUNA Wisconsin

Citizens Community to enter new Wisconsin market with latest acquisition

BankThink

Community banking M&A Growth strategies Capital WisconsinThe company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis.

First Midwest to buy Wisconsin wealth management firm

BankThink

Community banking M&A RIAs Illinois WisconsinNorthern Oak Wealth Management is a registered investment adviser with $800 million in assets under management.

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.

Associated buying dozens of Wisconsin branches from Huntington

BankThink

M&A Regional banks Branch deals Branch network WisconsinAssociated will gain low-cost deposits and branches in 13 new markets after the deal closes.

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.

Associated closing 17 Wisconsin branches

BankThink

Associated Banc-Corp in Green Bay, Wis., said Wednesday that it will close 17 branches as part of a previously announced deal to buy 32 branches from Huntington Bancshares. Branch network Branch banking Branch deals

Wisconsin CUs Need to Proactively Manage Liquidity Risk, Says Regulator

Keith Leggett's Credit Union Watch

The Wisconsin Office of Credit Unions wrote Wisconsin credit unions in December that it will heighten its analysis of credit unions' liquidity management. The state regulator noted that the loan-to-share (deposit) ratio for Wisconsin credit unions was 97.16 percent at the end of the third quarter of 2018. The letter stated that the increase in loans has stressed liquidity for many credit unions.

Associated adding heft near St. Louis with First Staunton acquisition

BankThink

The Wisconsin regional agreed to buy the parent of First National Bank in Staunton for $76 million in cash. Community banking M&A Growth strategies Wisconsin Illinois Missouri

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.

Credit union to buy Peoples Bank in Wisconsin

BankThink

Credit unions M&A Community banking Michigan WisconsinAdvia Credit Union in Parchment, Mich., has agreed to buy Peoples Bank in Elkhorn, Wis.

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.

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.

Wisconsin Regulator Approves Superior Choice CU P&A of Bank

Keith Leggett's Credit Union Watch

The Wisconsin Department of Financial Institutions' Office of Credit Unions on July 26 approved the purchase and assumption (P&A) of Dairyland State Bank (Bruce, WI) by Superior Choice Credit Union (Superior, WI). The depositors and borrowers of Dairyland State Bank will become members of Superior Choice Credit Union. The credit union will also purchase and assume the $79.8 million bank's five branches. According to its most recent Call Report, Superior Choice Credit Union has $417.5

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

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.

CUNA, Wisconsin League file brief in WI Supreme Court

CU Insight

CUNA and the Wisconsin Credit Union League filed an amicus brief Friday with the Wisconsin Supreme Court supporting a narrow interpretation of the Wisconsin Consumer Act (WCA). Plaintiff’s attorneys in Wisconsin have been targeting lenders, including credit unions, with litigation under the WCA. Compliance/Regulation Industry News CUNA CUNA News Wisconsin Credit Union League Wisconsin Supreme Court

Tiny Wisconsin CU Closed

Keith Leggett's Credit Union Watch

The Wisconsin Office of Credit Unions liquidated New Covenant Missionary Baptist Church Credit Union (New Covenant) of Milwaukee, Wisconsin and appointed the National Credit Union Administration (NCUA) as liquidating agent. The Wisconsin Office of Credit Unions made the decision to liquidate New Covenant after determining the credit union was in an unsafe and unsound condition to transact its business and had no prospect of restoring viable operations.

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

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

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.

43 Best Things to Do & See in Madison, Wisconsin – Activities & Attractions

Money Crashers

Madison is Wisconsin’s second city. Centered on a narrow strip of land – referred to by locals and in this guide as, simply, “the Isthmus” – between Lakes Mendota and Monona, it’s the economic hub of south-central Wisconsin, the home of the University of Wisconsin system’s main campus, and the state capital.

The similar challenges facing these different niche lenders

BankThink

County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Earnings Ag lending Community banking Arkansas Wisconsin

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.

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

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

Latest credit union deal to buy bank adds fuel to simmering policy fight

BankThink

A Wisconsin credit union's agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. Community banking M&A Growth strategies Illinois Wisconsin

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.

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

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.

Keeping On-Campus Credit Unions Competitive

PYMNTS

University of Wisconsin Credit Union’s Lessons for Serving College Students. Credit Unions college students Credit Union Tracker credit unions Featured News FinTech fraud News partnerships PSCU Security SMB loans Tracker Series university of wisconsin credit union

Higher-yielding loans contribute to Associated's 78% profit spike

BankThink

An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company. Community banking Earnings Revenue and expenses Wisconsin

University of Wisconsin Graduate School of Banking has strong showing in Banking Exchange Top 20

ABA Community Banking

Three of the twenty are graduates or are presently enrolled Management People Feature3. 1Management

Madison’s a tough nut for banks to crack

BankThink

The small Wisconsin city features a vibrant economy, low employment and a growing population, but banks that want to buy their way into the market have their work cut out. Community banking M&A Credit unions Deposits Commercial lending Wisconsin

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

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.

Associated warns of a shrinking loan book in fourth quarter

BankThink

The Wisconsin company expects outstanding loans to decreased from current levels, particularly due to paydowns tied to commercial real estate loans. Regional banks Earnings CRE Credit quality Wisconsin

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.