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1 of 6 Wis banks post loss in the 3rd quarter

By ASSOCIATED PRESS Wednesday, November 26, 2008 - 8:10 a.m.

MILWAUKEE (AP) One of every six Wisconsin banks posted a loss in the third quarter.

It shows communities large and small are feeling the effects of the housing slump, financial crisis and slowing economy. But it's better than banks nationally, with nearly one in four not making a profit in the quarter.

There are 252 commercial banks chartered in the state and 36 savings banks. In last year's third quarter, 20 Wisconsin banks recorded a loss.

Federal Deposit Insurance Corp. says earnings at Wisconsin's commercial banks fell 73 percent in the third quarter, and 49 banks in the state didn't turn a profit at all.

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(9)

happycamper
Nov 26, 2008 at 3:48 p.m.
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Rooster, you hit one of the problems on the head. Journalists that spread misleading facts and readers who can't cypher them.

Cathy924
Nov 26, 2008 at 12:50 p.m.
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Roadmaster, thanks for the link to the Journal - wish the Gazette would bless us more frequently with prevalent business articles - virtually everyone has some relationship with a bank and it's nice to be informed on its financial status

janesvillean
Nov 26, 2008 at 12:30 p.m.
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danias, there is probably a close correlation between banks that are in the red and banks that are getting serious about delinquencies. I hope you get a successful workout.

Roadmaster
Nov 26, 2008 at 12:06 p.m.
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For more information:

http://www.jsonline.com/business/3506535...

danias
Nov 26, 2008 at 10:03 a.m.
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I hope Associated Bank is one of them! We were one payment behind and they sent us foreclosure papers!

rooster
Nov 26, 2008 at 9:18 a.m.
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that means, 5 of 6 did o.k. considering the state of the economic mess that the financial wizzard cheats got us into, in wisconsin most banks did fine.

spicymarge
Nov 26, 2008 at 8:54 a.m.
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Please sir, might I have some more information?

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