Key Appointments and Business Developments in the US

Strategic Insights -

A 49-year-old Darnell Moore has been selected as the executive vice president of administration at American Family Insurance, pending approval by the company's board. If approved, Moore would take over from Jim Klokner, who has been with the company for 36 years. Moore has been with American Family since 1971, initially as a claims representative and later as vice president of claims since 1990. The change comes as the company continues to expand its operations. Elsewhere, Citizens Banking Corp. has announced a proposed acquisition of F&M Bancorp, a Wisconsin-based bank, in a deal worth approximately $686 million. The agreement, subject to regulatory approval, is expected to close in the fourth quarter. The acquisition would form a larger bank with $6.9 billion in assets and 245 locations across Michigan, Wisconsin, Iowa, and Minnesota.

Key Takeaways:

  • Darnell Moore, 49, has been selected as the executive vice president of administration at American Family Insurance, pending approval by the company's board.
  • Moore has been with American Family since 1971, initially as a claims representative and later as vice president of claims since 1990.
  • The proposed acquisition of F&M Bancorp by Citizens Banking Corp. is worth approximately $686 million.
  • The acquisition is subject to regulatory approval and is expected to close in the fourth quarter.
  • The combined bank would have $6.9 billion in assets and 245 locations across Michigan, Wisconsin, Iowa, and Minnesota.
  • Perry Judd's printing plant in Waterloo could face closure if a contract proposal is not approved by union members.
  • The company has already pulled production of several major publications from the plant, resulting in layoffs of up to half of the plant's 700 employees.
  • Union officials claim the company is bluffing about closing the plant.
  • American Eagle has transitioned two daily flights from turboprop to jet service between Madison and O'Hare International Airport.
  • Interstate Energy Corp. plans to sell about 640,000 shares of McLeod USA Stock.
  • Dain Rauscher's Maryann Bast has placed fifth in annual performance among 1,200 stockbrokers in 91 offices across the country.
  • Students from University School of Milwaukee have advanced to the national finals of the Chicago Federal Reserve Bank's Fed Challenge Competition.
  • The Creative Company has been appointed agency of record for American Heating and Air Conditioning.
  • Ralph Kauten has been named 1999 Small Business Exporter of the Year for the Midwest Region.

Statistics:

  • Darnell Moore is 49 years old.
  • Moore has been with American Family since 1971.
  • The proposed acquisition of F&M Bancorp is worth approximately $686 million.
  • The acquisition is subject to regulatory approval and is expected to close in the fourth quarter.
  • The combined bank would have $6.9 billion in assets.
  • The combined bank would have 245 locations across Michigan, Wisconsin, Iowa, and Minnesota.
  • Perry Judd's printing plant employs 700 people.
  • Union officials claim the company is bluffing about closing the plant.
  • American Eagle has transitioned two daily flights.
  • Interstate Energy Corp. plans to sell about 640,000 shares of McLeod USA Stock.
  • Maryann Bast placed fifth in annual performance among 1,200 stockbrokers.
  • Students from University School of Milwaukee have advanced to the national finals of the Chicago Federal Reserve Bank's Fed Challenge Competition.

Sources:

  • The Milwaukee Journal
  • The Capital Times