Regulators tell Wis. bank to improve practices - WAOW - Newsline 9, Wausau News, Weather, Sports

Regulators tell Wis. bank to improve practices

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MADISON, Wis. (AP) -- Federal regulators have told a small Kaukauna bank to improve its banking practices, in part by maintaining higher levels of capital and reducing delinquent loans.

   The Bank of Kaukauna reached agreement on the terms recently with the Federal Deposit Insurance Corp. and Wisconsin Department of Financial Institutions.

   The bank says it agreed to the consent order without admitting or denying charges of unsafe or unsound banking practices.

   Bank President Paul Bachhuber says the bank hasn't been immune to the industry's recent economic difficulties. He says the bank was working on the issues long before regulators got involved.

   A Milwaukee Journal Sentinel report (http://bit.ly/mOPO4q ) cites FDIC records that show the bank lost almost $1.7 million last year but posted profit of $11,000 through the first half of this year.

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