North Milwaukee State Bank posts another annual loss

Quoted: James Johannes, a University of Wisconsin-Madison business professor with expertise in banking, said he didn’t know enough about North Milwaukee State to say why it is struggling years after the recession. But speaking generally, he said, “The one thing we can say for sure is that some of the fallout from the Great Recession has been very much localized. Certain banks in certain areas of the country have just not done well. Certain areas of counties have not done well. But most of that has been flushed out of the system by now.”