Wisconsin

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.

Bank Mutual Corp. in Milwaukee reported a loss of $51.4 million for the second quarter, largely stemming from a $52.6 million goodwill impairment charge.

The $22 billion-asset company reported net income available to shareholders of $25.6 million, compared to $15.4 million in the first quarter and a net loss of $10.2 million a year earlier.

The Federal Reserve on Thursday announced that it had entered into a written agreement with a banking company while also disclosing the termination of a prior order.

The struggling Anchor BanCorp Wisconsin reported a loss of $21.7 million for the quarter that ended March 31, narrowing losses by 27% from a year earlier.

Despite pleas by the credit union lobby, Gov. Scott Walker signed a state budget bill with a measure making it easier for credit unions to convert to banks.

The Federal Reserve announced Tuesday that it has approved Bank of Montreal's application to acquire Marshall & Ilsley Corp. of Milwaukee, clearing the way for the deal to close July 31.

Wisconsin credit unions are urging Gov. Scott Walker to strike a provision from the state's budget that would allow state-chartered credit unions to more easily convert to banks.

Johnson Bank in Racine, Wis., has a new chief executive officer for the second time in less than six months.

The $3.6 billion-asset thrift company said this week that its lender, U.S. Bank, has given it another six months to repay a $116.3 million loan that was due to be paid off May 31.

The Federal Reserve on Thursday released information on written agreements with five banking companies.