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Our Offices will be closed on: Thursday, November 27th, 2014

The Department of Financial Institutions will be closed on Thursday, November 27th, 2014.

Although the Agency will be closed to the public, Internet Web Services will still be available for individuals who are accessing or filing documents over the Internet. For additional information regarding documents that can be filed or processed over the Internet for a specific program, please visit that program’s information on our web site. There will be no mail delivery to the Department on holidays or weekends. There also will be no staff to accept courier deliveries.

To see future days that the Agency will be closed,
click 2014 Closure Dates. (PDF: 69 KB / 1 page)

Lending up 6.2%, net income 2.4%
at Wisconsin-chartered banks

MADISON – Total lending grew by 6.2% and net income rose 2.4% at Wisconsin's statechartered banks in the three quarters ending Sept. 30, 2014, compared to the same period of a year earlier, according to data released today by the Federal Deposit Insurance Corp.

"Wisconsin banks continue to get stronger by the quarter," said Peter Bildsten, Secretary of the Wisconsin Department of Financial Institutions (DFI), the agency that oversees state-chartered financial institutions. "It’s especially encouraging to see healthy year-over-year loan growth, with capital at near-record levels and loan portfolios continuing to improve."

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

Consumers urged to use caution
when making charitable donations

MADISON – The holiday season is a time of the year when many Wisconsin consumers open their hearts and wallets by donating to charitable causes. Two state agencies are encouraging would-be donors to do their homework before making donations, especially to appeals that are unsolicited and made by phone or over the Internet.

"Resist high-pressure, emotional appeals," said Sandy Chalmers, Division Administrator of Trade and Consumer Protection for the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP). "Criminals know that many people make year-end charitable contributions for tax purposes, and they will try to push you into making a quick decision to donate."

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

New business entity filings
tracking 5.9% ahead of prior year

MADISON – The number of new business entities formed in Wisconsin in the first 10 months of 2014 grew by 5.9% compared to the prior year, according to data compiled by the Department of Financial Institutions (DFI). New business filings totaled 33,407, compared to 31,558 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.

New products in classic schemes
identified as top investor threats

MADISON – The Wisconsin Department of Financial Institutions (DFI) today identified emerging threats facing investors in 2015, including schemes involving marijuana-related businesses, digital currencies, stream-of-income investments, and binary options.

"Many of the top threats facing investors involve new products in classic schemes," said Patricia Struck, Administrator of DFI’s Division of Securities. "We are seeing threats to investors morph into new risks, many fueled by the Internet. Overarching all of these threats are unlicensed agents selling unregistered products to unsuspecting investors."

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

Credit union lending, net income
continue year-over-year growth

MADISON – Lending grew by 9.3% and net income rose 6.7% at Wisconsin’s 162 state chartered credit unions in the first three quarters of 2014 compared to the prior year, according to data released today by the Department of Financial Institutions (DFI).

"Wisconsin credit unions performed well in a number of key areas in the third quarter," DFI Secretary Peter Bildsten said. "Net income is solid, with ROA of 0.93% just shy of the historical benchmark of 1.0%. Strong net worth of 10.79% made it possible for credit unions to continue to grow loans at a near double-digit pace."

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