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New Business Entity Filings
Up 7% Through October

MADISON - The number of new business entities formed in Wisconsin in the first 10 months of 2018 grew by 7.0% compared to same period in 2017, according to data compiled by the Department of Financial Institutions (DFI). As of October 31, new business filings totaled 40,892, compared to 38,232 in the first 10 months of 2017.

The business formation data is compiled by DFI, which is the filing office for the creation of business entities in the state. DFI tracks new business entity creation on a monthly basis and posts the data on its website. The full report may be found at www.wdfi.org/corporations/HistoricalStatistics.htm.

Net Lending Shows Ongoing Increases at State-Chartered Banks

MADISON – Net loans grew by 8.8% at Wisconsin’s state-chartered banks in the nine months ending September 30, 2018, according to data released by the Federal Deposit Insurance Corp.

See the full press release here.

Credit Union’s Net Income Up 16%, Loan Growth Up By 10.49% in Third Quarter

MADISON – Net income and total lending grew by double digits again at Wisconsin’s 126 state-chartered credit unions in the third quarter of 2018 compared to the same quarter in 2017, according to data released today by the Department of Financial Institutions (DFI).

See the full press release here.

Reminder: Watch for Wisconsin Scams in Hurricane Michael’s Wake

MADISON – As the staggering damage assessments caused by Hurricane Michael in the southeastern U.S., continue to roll out, the Wisconsin Department of Financial Institutions (DFI) and the Department of Agriculture, Trade and Consumer Protection (DATCP) today again cautioned investors to watch out for opportunistic investment or charitable scams in Wisconsin.

See the full press release here.