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DFI Secretary is guest speaker
at Sauk Prairie Kiwanis Club meeting

SAUK CITY – Peter Bildsten, left, Secretary of the Wisconsin Department of Financial Institutions (DFI), was the guest speaker at the July 23 meeting of the Sauk Prairie Kiwanis Club. Secretary Bildsten spoke about DFI’s oversight of Wisconsin’s financial institutions, the agency’s role in promoting financial literacy, and Governor Walker’s Blueprint for Prosperity. He is pictured with Kiwanis Club President Peter Van Der Hagen.

Registration open for 4th annual
Governor’s Small Business Summit

MADISON – Registration is now open for the 4th annual Governor’s Small Business Summit to be held in Racine on Wednesday, Sept. 10. Governor Scott Walker and Lt. Governor Rebecca Kleefisch will join with leadership from state Cabinet agencies for a networking opportunity with Wisconsin’s small business community. The meeting – which will be held from 8 a.m. to 4 p.m. at the Racine Marriott – will focus on job creation. To register, visit www.wheda.com and click on the 2014 Governor’s Small Business Summit link.

Crowdfunding information for issuers,
Internet portals available on DFI website

MADISON – Legislation that permits Wisconsin businesses to raise money through Internet crowdfunding sites took effect June 1. The new law allows a Wisconsin business to raise up to $1 million from Wisconsin investors through crowdfunding portals at a maximum rate of $10,000 per investor. Additional information regarding the filing requirements for both issuers and Internet site operators can be found on the DFI website at www.wdfi.org/fi/securities/crowdfunding/default.htm.

The full press release dated May 27 may be found at www.wdfi.org/Newsroom/Press.

La Crosse area bank executive
to represent Wisconsin at national conference

MADISON – A La Crosse area bank executive has been selected to represent the Wisconsin community banking industry at a nationwide conference this fall. Douglas Farmer, CEO of Park Bank, will join Peter Bildsten, Secretary of the Wisconsin Department of Financial Institutions (DFI), and Division of Banking Administrator Mike Mach at the 2nd annual Community Banking Conference in St. Louis on Sept. 23-24. The conference is sponsored by the Federal Reserve and the Conference of State Bank Supervisors (CSBS). Last year, Wisconsin was represented by Tom Spitz, founder and CEO of Settler’s Bank of Windsor, at the meeting.

The full press release may be found at www.wdfi.org/Newsroom/Press.

New business entity filings
tracking 5.7% ahead of prior year

MADISON – The number of new business entities formed in Wisconsin in the first six months of 2014 grew by 5.7% compared to the prior year, according to data compiled by the Department of Financial Institutions (DFI). New business filings totaled 20,675, compared to 19,567 in the same period in 2013.

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.