Wisconsin

David Murphy, the credit union's vice president of risk and finance, will succeed Carol Adler, who is retiring.

New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points.

The Madison, Wis.-based credit union will donate $1.5 million to a pair of United Way chapters in the region which will help distribute the funds to organizations serving communities of color.

The region now leads the nation in virus cases, and with winter lurking the fear is that the outbreak will only get worse.

Gary Elliott will retire at the end of 2020, and the credit union has hired a search firm to help find its next leader.

New data from the state regulator showed that assets at credit unions in the Badger State grew by 28% during the first half of this year, versus growth of 14% in the first six months of 2019.

First-quarter income for credit unions chartered in the Badger State increased by about 6% from the same period one year earlier.

Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.

The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust.

Industry groups also supported Democrat Christy Smith in a special election in California, though it appeared likely she would lose the bid.