WI DFI Facebook

NMLS Resource Center NMLS Consumer Access

Broker-Dealer Public Disclosure Investment Adviser Check

Get Adobe Reader

DFI leaders make multiple stops
during Cabinet on the Road event

DFI Secretary Lon Roberts and Deputy Secretary Jay Risch took to the road on July 11-12 as part of Governor Scott Walker's Cabinet on the Road in Western Wisconsin. The two were part of a contingent of State Cabinet officials joining Governor Walker and First Lady Tonette Walker in meetings with stakeholders in Barron, Buffalo, Chippewa, Dunn, Eau Claire, Pepin, Pierce, Polk, St. Croix and Trempealeau counties.

Roberts and Risch had one-on-one meetings with bank and credit union executives from Barron, Buffalo, Dunn, Eau Claire and Pepin counties. Roberts joined leaders from other state agencies at a tour of Common Man Brewing Co., downtown Ellsworth and the Ellsworth Cooperative Creamery. Risch was part of a visit to Benitz Farm LLC near Maiden Rock with representatives from the Wisconsin Housing and Economic Development Authority (WHEDA) and Security Financial Bank of Durand. Security Financial Bank and WHEDA collaborated on a $3.3 million construction loan that enabled Benitz Farm to undertake a major expansion that included a milking parlor, a free stall facility with nine pens, alley scrapers, and a manure pit.

In the photos above, Roberts poses outside Ellsworth Cooperative Creamery; Risch talked about dairy farming with Paul Rudersdorf, chief banking officer at Security Financial Bank.

New business entity filings tracking 5.5% ahead of prior year

MADISON - The number of new business entities formed in Wisconsin in the first six months of 2016 grew by 5.5% compared to same period in 2015, according to data compiled by the Department of Financial Institutions (DFI). As of June 30, 2016, new business filings totaled 22,557 compared to 21,379 in the same period in 2015.

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 on our Corporations, Historical Statistics page.

Secretary Roberts addresses Mortgage Bankers

Department of Financial Institutions Secretary Lon Roberts was the keynote speaker at the June 16 meeting of the Wisconsin Mortgage Bankers Association (WMBA) meeting in Waukesha. He also presided over the installation of new officers and directors for the organization. New officers and directors for the organization are: President, Michael Kellman, North Shore Bank; President-Elect, Joe Doyle, United Guaranty; Secretary, Leo Spanuello, GSF Mortgage; Treasurer, Jan Brezina, National Mortgage Insurance; and Directors, Margaret Haagensen, Waterstone Bank, Randy Reese, Pyramax Bank, Ron Stafslien, McFarland State Bank, John Walrath, Thompson, Kane and Company, and Peter Wilder, Godfrey & Kahn S.C.

Secretary Roberts' participation in the meeting was part of DFI's ongoing outreach efforts to stakeholder groups.

State agency encourages people
to watch for signs of elder financial abuse

MADISON - In recognition of World Elder Abuse Awareness Day on June 15, the Wisconsin Department of Financial Institutions (DFI) spotlights the importance of safeguarding Wisconsin's senior population by keeping a watchful eye for signs of elder financial exploitation and promptly reporting possible abuse to appropriate officials.

"Many of our older citizens are vulnerable due to social isolation and distance from family, caregivers, and other support networks," said Leslie Van Buskirk, Administrator of DFI's Division of Securities. "The days of aging in communities surrounded by generations of family members are fading into the past. We need as many eyes and ears as possible listening and watching for signs of suspected financial exploitation of our elderly citizens."

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

DFI Secretary co-chairs meeting
of Governor's Council on Financial Literacy

Department of Financial Institutions (DFI) Secretary Lon Roberts, second from right, co-chaired a meeting of the Governor's Council on Financial Literacy on June 2. The meeting was held at Great Lakes Higher Educational Corporation & Affiliates. Pictured, left to right, are: William Wilcox, Chair of the Governor's Council; Council Member Amy Kerwin of Great Lakes; Council Co-Chair Roberts; and Ted Nickel, Commissioner of the Office of the Commissioner of Insurance and Council Co-Chair. Kerwin and Cheryl Weiss, DFI's Student Debt Specialist, led a discussion of student debt. Governor Walker in March announced the creation of the debt specialist position to serve as an outreach coordinator to inform current and future student loan borrowers about potential debt management, investment, and educational options.

Administrators named for DFI's Divisions of Banking, Securities

MADISON - Administrators for the Divisions of Banking and Securities have been named at the Department of Financial Institutions, Secretary Lon E. Roberts has announced. Cheryll Olson-Collins has been appointed Administrator of the Division of Banking, while Leslie Van Buskirk has been appointed to the top position in the Division of Securities.

"Leslie and Cheryll both are well respected and possess a wealth of knowledge about their industries," Roberts said. "I am confident they will do a great job of leading their respective divisions to help keep Wisconsin's financial institutions safe and sound and protect consumers of financial products.

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