Associated named number one mortgage originator based in Wisconsin; M&I eliminates 143 jobs
Associated named number one mortgage originator based in Wisconsin
Green Bay-based Associated Bank has been named the largest mortgage originator based in Wisconsin for the third consecutive year by the Home Mortgage Disclosure Act (HDMA) Market Share Report.
In 2010, the bank originated more than 25,000 HDMA loans, totaling $3.6 billion. It also helped about 1,300 customers avoid foreclosure.
M&I eliminates 143 jobs
Milwaukee-based M&I Bank announced it is eliminating 143 jobs corporate wide, or 1.6 percent of its total workforce.
Fifteen of the eliminated positions were based in southeastern Wisconsin.
The affected positions ranged from internal support to management-level employees. Affected employees were notified Feb. 22 and will receive g severance packages, including outplacement services.
A company spokeswoman said the reductions were the result of an internal evaluation and realignment of staffing and were not related to the pending combination acquisition of parent company Marshall & Ilsley Corp. by Toronto-based BMO Financial Group.
