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Article: FINANCIAL INSTITUTIONS SEE COMBINED QUARTERLY LOSS.(BUSINESS)(Financial report)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- August 29, 2009
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Byline: Judy Newman
Many of Wisconsin's financial institutions continue to struggle, according to a report by federal regulators.
The state's 247 commercial banks reported a combined loss, year-to-date, of $84 million on June 30, a decline from the $87 million combined profit for the first quarter of 2009.
Wisconsin's largest bank, Marshall & Ilsley Bank, Milwaukee, had total assets of $53 billion but also reported the largest net loss for the quarter, at $211.4 million. Its first-quarter loss was $76.6 million.
Associated Bank, Green Bay, with assets of $23.6 billion, posted the second-largest net loss, at $15.8 million. Associated ...