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Article: Bank hires risk officer Anchor trying to shore up loans
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- August 7, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By PAUL GORES
AnchorBank, which has struggled with the deterioration of its
commercial loan portfolio during the economic downturn, said
Thursday it has hired a chief risk officer.
Madison-based AnchorBank said that, effective immediately, Martha
M. Hayes is chief risk officer. Hayes joined the bank from Merrill
Lynch Business Financial Services in Chicago, where she was
president and managing director. The bank said that Hayes was
recognized for turning around a $250 million revenue line of
business while at Merrill Lynch. She previously worked for Wachovia
Corp.
AnchorBank, which is under orders from regulators to improve its
loan portfolio and capital, said the hiring of Hayes is "part of ...