Wisconsin

The Federal Reserve Board has lifted a written agreement with Baylake Corp. that required the Sturgeon Bay, Wis., company to improve its asset quality and earnings.

WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.

Top executives at Bank Mutual (BKMU) in Milwaukee told investors Monday that the company is eyeing acquisitions of banks and other financial services firms in its quest to become a “much larger company” in the next few years.

Associated Banc-Corp (ASBC) of Green Bay, Wis., is coming off its most profitable quarter since before the financial crisis.

An ailing Milwaukee community bank that needs to bolster its capital levels is about to receive a significant cash infusion from a prominent local family.

PSB Bancorp in Wisconsin is requiring Marathon State Bank to pay out a special dividend before the deal closes. While unusual now, the move harkens back to a pre-crisis tactic that existed when capital wasn't a concern.

Longtime community bank investor Eric Hovde has traded Washington D.C. for Wisconsin in the hopes of taking up residence in the nation's capitol.

Buoyed by strong top-line revenue growth and improved asset quality, the $1.2 billion-asset First Business Financial Services in Madison, Wis., reported record profits in 2011.

Anchor BanCorp Wisconsin Inc. in Madison reported another quarterly loss.

The Federal Reserve Board has ordered bank holding companies in Iowa, Wisconsin and South Carolina to use whatever resources are available to them to nurse their ailing bank subsidiaries back to health.

F&M Bank, of Iowa, would get 2 branches in Galeburg, Ill., with $66 million of deposits.

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.

Talmer Bancorp Inc. in Troy, Mich., said Monday that it had completed its acquisition of Lake Shore Wisconsin Corp. in Glenwood City.

Associated Banc-Corp in Green Bay, Wis., said that it will close 21 branches across three states by mid-2012.

Shares of Anchor BanCorp Wisconsin Inc. have been removed from the Nasdaq exchange and are now trading over the counter.

Johnson Financial Group Inc. in Racine, Wis., said a decision to close its Cayman Islands branch is related to new laws requiring banks to pay interest on commercial deposit accounts.

First Business Financial Services Inc. in Madison, Wis., reported third-quarter earnings of $2.2 million, more than double its profit from a year ago, thanks to strong revenue and margin growth.

The Federal Reserve has announced written agreements with three banking companies.

The proposal made to require all banks located within the U.S. to report interest payments to nonresident alien depositors would be detrimental to economic growth in local communities and expose those nonresident depositors to possible criminal activity aided by unstable and corrupt foreign governments.

The Federal Reserve on Tuesday disclosed written agreements with two banks.