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Bank earnings rebound in 2012

Published On: Feb 26 2013 09:39:16 PM CST
MILWAUKEE -

A new report said Wisconsin banks are rebounding from the economic downturn.

A report by the Federal Deposit Insurance Corp. Tuesday said earnings at Wisconsin banks jumped 72 percent in 2012.

The FDIC said Wisconsin's 266 banks had total profits of $839 million last year. That's up from $488 million in 2011.

Last year only 9 percent of Wisconsin banks were unprofitable. That compares with almost 14 percent in 2011 and 22 percent in 2010.

The improvements at Wisconsin banks follow a national trend. The FDIC said that in 2012, industry earnings totaled $141.3 billion -- a 19 percent increase over 2011.

The Milwaukee Journal Sentinel reported that Wisconsin had no bank failures in 2012.

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