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Ixonia Bancshares in Milwaukee has raised $21 million in fresh capital, including $16.5 million from a wealthy family that also owns a stake in the Milwaukee Brewers baseball club.
June 21 -
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.
April 4
ISB Community Bank in Ixonia, Wis., is returning to its roots.
A decade after changing its name to reflect a broader geographic reach, ISB has reverted to its former name, Ixonia Bank, the Milwaukee Business Journal
The bank changed its name as it sought to expand in southeastern Wisconsin. It has opened a couple of branches in communities near Ixonia, but it has not made any acquisitions. The bank has seven branches in Jefferson and Waukesha counties.
Ixonia is "a unique name that has historically signified strength and soundness," said Dan Westrope, the bank's president and chief executive, in the news release.
Last year, Milwaukee investor Sheldon Lubar and his family
