Wisconsin

Guaranty Bank & Trust in Milwaukee was shut down by federal regulators Friday, just a week after one of the costliest failures since the crisis.

The company will sell five branches in Wisconsin to an unnamed buyer. It also plans to close two locations.

EVP Randy Beck, an employee at Royal CU for more than 40 years, will put his retirement on hold to lead the credit union during the search for a permanent CEO.

Tiny HECU had just 55 members, $170,000 in assets.

SoCal native Rudy Pereira has led Wisconsin's Royal CU since 2011, but has accepted a position back home in Southern California with Premier America CU.

Hoover was named interim CEO in December after the death of longtime CEO Gene Szymczak.

Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.

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

Technology company says CU SoCal will have a unified platform for online and mobile banking.

Why one small credit union in Wisconsin thought its best option was to seek out a much larger credit union to with which to merge.

First Business in Wis. to consolidate bank charters-

Advia Credit Union in Parchment, Mich., has agreed to buy Peoples Bank in Elkhorn, Wis.

Mark Wierman, the chief lending officer at Ixonia Bank in Wisconsin, now has a second title: president.

The core-tech vendor Fiserv has agreed to buy Online Banking Solutions in Atlanta.

BMO Harris Bank in Chicago has agreed to sell 31 Wisconsin branches to a California real estate investment trust.

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

SouthCrest Financial Group in Woodstock, Ga., has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala.

Nicolet Bankshares in Green Bay, Wis., has agreed to buy First Menasha Bancshares in Neenah, Wis.

Associated Banc-Corp in Green Bay, Wis., reported higher quarterly profit on the strength of tight expense control and strong mortgage banking revenue.

First Business Financial Services in Madison, Wis., is looking for a new leader for its bank.