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Net income rises 9.7%, lending grows 3.0%
at state-chartered banks

MADISON - Net income grew 9.7% and total lending increased by 3.0% at Wisconsin's statechartered banks in the nine months ending Sept. 30, 2016, compared to the previous year, according to data released by the Federal Deposit Insurance Corp.

The full press release is available in our Newsroom.

DFI co-hosts cybersecurity seminar
for Wisconsin bank executives

Department of Financial Institutions (DFI) Secretary Lon Roberts welcomes more than 50 Wisconsin bank executives on Thursday, Nov. 10, to an Executive Cybersecurity Briefing seminar in Wisconsin Dells. Attendees were given an overview of cyber threats to the banking industry as well as resources they can use and actions they can take to manage these evolving threats. Presenting at the seminar were representatives from DFI, the Texas Department of Banking, the U.S. Secret Service and the Conference of State Bank Supervisors (CSBS). The seminar was co-hosted by DFI, the Wisconsin Bankers Association and CSBS.

New business entity filings
tracking 5.2% ahead of prior year

MADISON - The number of new business entities formed in Wisconsin in the first 10 months of 2016 grew by 5.2% compared to same period in 2015, according to data compiled by the Department of Financial Institutions (DFI). As of Oct. 31, 2016, new business filings totaled 35,971 compared to 34,190 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 at www.wdfi.org/corporations/HistoricalStatistics.htm.

Nominations still being accepted
for 2016 Governor's Financial Literacy Award

MADISON - Nominations for the 2016 Governor's Financial Literacy Award are still being accepted by the Governor's Council on Financial Literacy. Submission deadline is December 1. Nominations may be made in one of three categories:

  • Individual - Any person providing exceptional financial literacy education in an innovative manner.
  • Organization/business - Any organization or business promoting financial literacy in an innovative manner through its initiatives.
  • Legacy - An organization, business or individual whose purpose and heritage is ingrained in sustained financial literacy and capability, and whose reputation in doing so is held in high regard in serving as a model for others in carrying on the work of supporting financial literacy and expanding opportunities through financial capability. This lifetime recognition is intended to be conferred once to the recipients.

Criteria that will be used to judge the nominations include:

  • Innovative implementation of an effective financial literacy program or program element within the last two years.
  • Demonstrated measureable results.
  • Collaboration with partners.
  • Scalability of the program design.

Nominations may be submitted online at:
www.wdfi.org/ymm/govcouncilfinlit/2016FinLitAwardsNominationForm.pdf.

The Governor's Council will select recipients in December. Last year, the Council selected 15 individuals and organizations as recipients of the 2015 award. They were honored by Governor Scott Walker in a ceremony at the Capitol. The Department of Financial Institutions (DFI), through its Office of Financial Literacy (OFL), promotes financial literacy statewide. DFI Secretary Lon Roberts is vice chair of the Governor's Council on Financial Literacy.