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Money Smart Week® Wisconsin
kicks off this Saturday April 18

MADISON – Dozens of communities across the state will celebrate Money Smart Week® Wisconsin April 18-25 with hundreds of events focused on improving the personal financial awareness of Wisconsin citizens.

Money Smart Week® Wisconsin is the highlight of April being national financial literacy awareness month, a joint effort by state and federal government agencies and private-sector organizations to raise awareness of the importance and value of financial literacy.

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

DFI Secretary presents proclamation
for Money Smart Week Wisconsin

MADISON – – DFI Secretary Ray Allen presented a proclamation celebrating Money Smart Week Wisconsin to the Wisconsin Bankers Association (WBA) on April 8. This year, Money Smart Week will be celebrated April 18-25, with hundreds of financial literacy events being hosted in dozens of communities across the state. Pictured (left to right), are: Peter Prickett, President/CEO of First National Bank – Fox Valley, Neenah; Robert Cera, President and CEO of Baylake Bank, Sturgeon Bay; Secretary Allen; and Cynthia Erdman, President of Partnership Bank, Tomah. Allen also presented the WBA with two other proclamations signed by Governor Scott Walker – for Community Banking Month (April) and WBA’s Teach Children to Save Day (April 24).

New business entity filings
tracking 5.3% ahead of prior year

MADISON – The number of new business entities formed in Wisconsin in the first three months of 2015 grew by 5.3% compared to same period in 2014, according to data compiled by the Department of Financial Institutions (DFI). As of March 31, 2015, new business filings totaled 10,985, compared to 10,435 in same period in 2014.

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.

Governor Scott Walker Appoints
Ray Allen as DFI Secretary

MADISON – On February 27, Governor Scott Walker announced the following administrative appointments:

  • Ray Allen – Secretary, Department of Financial Institutions (DFI).
  • Matt Moroney – Senior Advisor, Office of Governor Walker.

“We’d like to offer our sincere thanks and gratitude to Peter Bildsten for four years of great service to the state of Wisconsin, leading the Department of Financial Institutions, and wish him well in his future endeavors,” Governor Walker said.  “I would also like to congratulate Ray and Matt.  Both are proven leaders, dedicated to reforming state government to operate effectively, making the best use of state tax dollars.  I welcome both of them to their new roles, and look forward to continued innovation as we build a better Wisconsin, together.”

Ray Allen has served at the Department of Financial Institutions (DFI) for 18 years, including the last four as Deputy Secretary. The Milwaukee native received a journalism degree from UW-Madison and worked as a marketing representative for John Deere Company. Allen has extensive experience in state government, also serving as appointee in the Department of Industry, Labor and Human Relations, Executive Assistant to the Secretary of the Department of Employment Relations, Director of the State Office of Employee Development and Training, and as Executive Director of the Technology for Education Board.  Allen has been active in the Madison area community, serving on many community boards and commissions, and was elected to three terms on the Madison School Board.

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