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  • Wangard buys Good Hope Road strip mall for $900,000
    <img src='http://assets.bizjournals.com/milwaukee/blog/real_estate/020312_CRE_7335WGoodHope03*100.jpg?v=1'>A strip mall facing West Good Hope Road outside a Pick ’n Save sold for $900,000 to an affiliate of Wangard Partners Inc., which is lining up tenants to fill 3,700 empty square feet in the building. Wauwatosa-based Spectrum Development Group LLC, which developed the outlot mall in 2006, sold the property southeast of the busy retail intersection of West Good Hope and North 76th Street in Milwaukee. “A lot of retailers today that would lease space in a strip center like this, they want to be out front of a large retail anchor that is going to generate traffic,” said Tony DeRosa, vice president of development for Wangard Partners, Milwaukee...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=FYlgvU47x2I:y_WgysGGsyg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=FYlgvU47x2I:y_WgysGGsyg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=FYlgvU47x2I:y_WgysGGsyg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=FYlgvU47x2I:y_WgysGGsyg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=FYlgvU47x2I:y_WgysGGsyg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=FYlgvU47x2I:y_WgysGGsyg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=FYlgvU47x2I:y_WgysGGsyg:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=FYlgvU47x2I:y_WgysGGsyg:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Money Talks: January job report, S&P gain buoy expectations the recovery is entrenched
    On Friday, the U.S. Department of Labor reported that the unemployment rate and the number of unemployed workers fell in January to the lowest levels since 2009. The U.S. economy added 243,000 jobs in January, beating economists’ expectations and continuing the trend of positive economic data that began in the fourth quarter of 2011. The unemployment rate dropped from 8.5 percent to 8.3 percent. “All in all, a solid jobs report that is supportive of ongoing income and spending growth and improvement in business and consumer sentiment,” said Robert Dye, a Comerica Bank economist...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=PxPdmDJ2fN0:Vit66mMGBLA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=PxPdmDJ2fN0:Vit66mMGBLA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=PxPdmDJ2fN0:Vit66mMGBLA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=PxPdmDJ2fN0:Vit66mMGBLA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=PxPdmDJ2fN0:Vit66mMGBLA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=PxPdmDJ2fN0:Vit66mMGBLA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=PxPdmDJ2fN0:Vit66mMGBLA:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=PxPdmDJ2fN0:Vit66mMGBLA:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Database: Bank failures in U.S. since 2001
    As the U.S. economy -- and that of global markets -- continues to reel from the Great Recession, many lending institutions still are struggling to regain their footing. In the past three years alone, 389 banks have failed, including 90 in 2011, according to New York-based Invictus Consulting Group LLC. Note: Click here for database of all 389 bank failures since 2001. Of those, four were Ohio-based banks, including Peoples Community Bank in West Chester, which closed in July 2009, according to Federal Deposit Insurance Corporation data...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=ggNBUyUi2xE:Co8d3ffqqDU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=ggNBUyUi2xE:Co8d3ffqqDU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=ggNBUyUi2xE:Co8d3ffqqDU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=ggNBUyUi2xE:Co8d3ffqqDU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=ggNBUyUi2xE:Co8d3ffqqDU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=ggNBUyUi2xE:Co8d3ffqqDU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=ggNBUyUi2xE:Co8d3ffqqDU:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=ggNBUyUi2xE:Co8d3ffqqDU:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Report: Risk of new bank failures grows
    <img src='http://assets.bizjournals.com/kansascity/PuzzleProblemBankMoney*100.jpg?v=1'>As many as 17 Ohio banks could close or fail within the next two years without corrective action or a merger occurring, according to New York-based Invictus Consulting Group LLC, which completed stress and sustainability tests on all banks insured by the Federal Deposit Insurance Corporation. More than 750 banks nationwide are at risk of failing in the next several years, which could further extend the financial crisis, according to the report. Of the 231 financial institutions in the Buckeye State, 17, or 7...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=kKDp6WZ4mWw:3a__dp-adtI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=kKDp6WZ4mWw:3a__dp-adtI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=kKDp6WZ4mWw:3a__dp-adtI:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=kKDp6WZ4mWw:3a__dp-adtI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=kKDp6WZ4mWw:3a__dp-adtI:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=kKDp6WZ4mWw:3a__dp-adtI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=kKDp6WZ4mWw:3a__dp-adtI:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=kKDp6WZ4mWw:3a__dp-adtI:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Group lists top stock investments by members of Congress
    <img src='http://assets.bizjournals.com/dayton/news/50_topcongressionalinvest2012*100.jpg?v=1'>Stock ownership by members of Congress has been an issue recently after several media reports that were critical of what some viewed as politicians capitalizing on inside information about the financial crisis, including a featured report on CBS news program "60 Minutes." Just this week, U.S. Sen. Sherrod Brown, D-Ohio, called his peers in the Senate to be forbidden from owning individual stocks, saying it creates conflict of interest on several issues. Brown has reportedly sold all of his individual stock already...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=j1-D_u1Lh6Q:CTGsYcdPaTg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=j1-D_u1Lh6Q:CTGsYcdPaTg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=j1-D_u1Lh6Q:CTGsYcdPaTg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=j1-D_u1Lh6Q:CTGsYcdPaTg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=j1-D_u1Lh6Q:CTGsYcdPaTg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=j1-D_u1Lh6Q:CTGsYcdPaTg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=j1-D_u1Lh6Q:CTGsYcdPaTg:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=j1-D_u1Lh6Q:CTGsYcdPaTg:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Report: Shakeup among top bank brands
    <img src='http://assets.bizjournals.com/dayton/news/25_topusbankbrands2012*100.jpg?v=1'>There was a big shakeup at the top of the banking brand rankings released this past week, which included several of the top banks in the Dayton region. Wells Fargo & Co. jumped ahead of Bank of America for the second spot on Brand Finance's Banking 500, a list of the best global banking brands in 2012, which was released Feb. 1. Note: Click here for the Top 25 bank brands in America. The value of the 500 banking brands this year was down nearly $100 billion to a total of $746.7 billion, which is equivalent to the GDP of Turkey, according to the report...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=_7hUC5dnc78:i50edvvApM8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=_7hUC5dnc78:i50edvvApM8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=_7hUC5dnc78:i50edvvApM8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=_7hUC5dnc78:i50edvvApM8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=_7hUC5dnc78:i50edvvApM8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=_7hUC5dnc78:i50edvvApM8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=_7hUC5dnc78:i50edvvApM8:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=_7hUC5dnc78:i50edvvApM8:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Bank of America, Wells and Chase’s legal woes mount as New York sues
    <img src='http://assets.bizjournals.com/sanfrancisco/blog/Schneiderman,Eric-NYStateAG*100.jpg?v=1'>New York Attorney General Eric Schneiderman sued banking’s Big Three -- J.P. Morgan Chase, Bank of America and Wells Fargo -- on Friday over their use of an electronic mortgage database that played a key role in financing the nation’s historic housing bubble. Schneiderman, who gained additional clout last month when President Obama named him co-chairman of a new federal mortgage-crisis unit, filed suit against Bank of America, (NYSE: BAC) Wells Fargo (NYSE: WFC) and J.P. Morgan Chase (NYSE: JPM) in New York State Supreme Court...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=XKOD0ma0RYI:00XcXauFSc0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=XKOD0ma0RYI:00XcXauFSc0:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=XKOD0ma0RYI:00XcXauFSc0:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=XKOD0ma0RYI:00XcXauFSc0:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=XKOD0ma0RYI:00XcXauFSc0:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=XKOD0ma0RYI:00XcXauFSc0:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=XKOD0ma0RYI:00XcXauFSc0:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=XKOD0ma0RYI:00XcXauFSc0:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Law firm accuses PI Bank of aiding fraud
    A lawsuit filed by Seattle-based Shim Law Firm in King County Superior Court in late January accuses Seattle's Pacific International Bank of aiding an admitted thief in embezzling $322,136 worth of checks from the firm. Paul Sabado, interim chief executive at P.I. Bank said in an email he didn't have a comment at this time. According to the complaint, P.I. Bank cashed checks from an employee of the law firm that was part of a scheme by the employee to embezzle money. The suit says that employee, Veronica Pak, was charged with 105 counts of theft in King County Superior Court last fall as a result of the scheme and pleaded guilty to the charges...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=pDwstFDpNPk:PWpg_fklc_U:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=pDwstFDpNPk:PWpg_fklc_U:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=pDwstFDpNPk:PWpg_fklc_U:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=pDwstFDpNPk:PWpg_fklc_U:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=pDwstFDpNPk:PWpg_fklc_U:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=pDwstFDpNPk:PWpg_fklc_U:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=pDwstFDpNPk:PWpg_fklc_U:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=pDwstFDpNPk:PWpg_fklc_U:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Winn-Dixie CFO to lead integration with Bi-Lo
    <img src='http://assets.bizjournals.com/jacksonville/WinnDixie309*100.jpg?v=1'>Winn-Dixie Stores Inc. Chief Financial Officer Bennett Nussbaum will lead the integration of the grocer with Bi-Lo Holding LLC, according to a filing with the U.S. Securities and Exchange Commission. Nussbaum’s new role will be to lead the integration of the two companies into one. Brian Carney, the CFO of Bi-Lo, will be the CFO of the newly combined company. Nussbaum joined Winn-Dixie in 2004 after being an executive with Burger King Corp. In December, Winn-Dixie(Nasdaq: WINN), which is based in Jacksonville and has 480 stores, announced plans to merge with the smaller, privately owned South Carolina grocer Bi-Lo to create a 690-unit chain...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=RIn5kxwVdTs:MvGSt7Yb3G8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=RIn5kxwVdTs:MvGSt7Yb3G8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=RIn5kxwVdTs:MvGSt7Yb3G8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=RIn5kxwVdTs:MvGSt7Yb3G8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=RIn5kxwVdTs:MvGSt7Yb3G8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=RIn5kxwVdTs:MvGSt7Yb3G8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=RIn5kxwVdTs:MvGSt7Yb3G8:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=RIn5kxwVdTs:MvGSt7Yb3G8:gIN9vFwOqvQ" border="0"></img></a> </div>
  • Bankers, Tampa small business owners talk credit at upcoming workshop
    <img src='http://assets.bizjournals.com/tampabay/news/Montelione_Lisa*100.jpg?v=1'>Representatives of the Federal Reserve Bank of Atlanta and the Federal Deposit Insurance Corp. will be in Tampa to talk with small business owners about obtaining financing. The Feb. 24 workshop, “The State of Small Business in Tampa,” was initiated by Tampa City Council Member Lisa Montelione after hearing small business owners talk about their efforts to get credit. The workshop, which will include interactive panel discussions, is an attempt to resolve what appears to be a disconnect, with businesses saying they can’t get credit from a bank, and bankers saying they are lending, Montelione said...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=xfJP3QrRqiQ:wyEOp6MBa98:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/industry_2?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=xfJP3QrRqiQ:wyEOp6MBa98:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/industry_2?i=xfJP3QrRqiQ:wyEOp6MBa98:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=xfJP3QrRqiQ:wyEOp6MBa98:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/industry_2?i=xfJP3QrRqiQ:wyEOp6MBa98:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=xfJP3QrRqiQ:wyEOp6MBa98:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/industry_2?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/industry_2?a=xfJP3QrRqiQ:wyEOp6MBa98:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/industry_2?i=xfJP3QrRqiQ:wyEOp6MBa98:gIN9vFwOqvQ" border="0"></img></a> </div>