Economic Development

Tom Lange has been promoted to bank manager at Waukesha State Bank’s Silvernail Road office in Pewaukee.

Industry experts will provide insight on the mergers and acquisitions market in Milwaukee at the BizTimes M&A Forum on Friday, June 8, from 7:30 a.m. to noon, at the Pfister Hotel in Milwaukee.

Franklin-based Hypneumat Inc. has been purchased by John Weber, a Milwaukee-area business executive.

Robert W. Baird & Co. Inc. has named Glen Hackmann its 2012 Brenton H. Rupple Citizenship Award recipient.

Economists at the National Restaurant Association say that Wisconsin’s restaurant industry will hire 16,000 employees this summer, increasing their workforce by 9 percent between March and August to handle the busy summer season.

The Wisconsin Manufacturers & Commerce Economic Outlook Survey in May found that 51 percent of the WMC’s members said they will be expanding in Wisconsin over the next two years.

The seasonally adjusted ISM-Milwaukee Manufacturing Report, compiled by Marquette University’s Center for Supply Chain Management, jumped in May to 57.7 from 52.9 in April, indicating rising production rates at factories in the southeastern Wisconsin and northern Illinois region.

BMO Financial Group reported second quarter net income of $1.03 billion (Canadian), up 27 percent or $215 million from the same quarter a year ago.

Industry experts will provide insight on the mergers and acquisitions market in Milwaukee at the BizTimes M&A Forum on Friday, June 8, from 7:30 a.m. to noon, at the Pfister Hotel in Milwaukee.

Bank profits rose in the first quarter, reaching their highest quarterly income levels since the second quarter of 2007, according to the Federal Deposit Insurance Corp. (FDIC) quarterly banking report.