Monthly Archives: February 2009

Telling The Truth Slowly

Last weekend I watched portions of Treasury Secretary Timothy Geithner’s testimony to the banking committee followed by portions of the big bank CEOs’ testimony. There were moments in both where I wanted to scream, “why can’t you guys just tell the truth?” I do not mean that any of them perjured themselves in a legal sense. I mean […]

Credit Score and Mortgages

A credit score is a number that helps lenders predict the likelihood of a consumer’s ability to repay a loan.  Credit scores range from 300 to 850.  In the past, a credit score of 640 or higher meant “good” credit and (typically) approval.   Today… any credit score under 680 is (most likely) a denial.   It […]

In the News: Treasury Investment in Banks Misunderstood

For more than a few reasons, starting with an early shift in priorities by the officials running it, TARP has become one of the most misunderstood and controversial parts of the federal government’s effort to revive the economy. Originally intended to stabilize the financial system by getting troubled loans and investments off the books of […]

Nicolet Bank and TARP: Why Did We Take The Funds?

So if Nicolet is not broke, why did we take the TARP funds? We took the TARP funds for two reasons. The first is that we believe in the intent of the program as it was expressed to us. With the exception of the Toobtofs, the program is intended to infuse capital into strong banks because […]

In the News: Survey Shows CEOs Oppose Stimulus Plan

More than half of northeastern Wisconsin chief executives surveyed about the federal government’s economic stimulus plan say they are opposed to it. The Nicolet National Bank Business Pulse survey of 160 CEOs, conducted between Jan. 27 and Feb. 3, found that 57% were opposed to the plan, 23% favored it and 20% weren’t sure. Opposition […]

Stimulus Receives Little Support

In the latest The Nicolet Bank Business Pulse© CEOs indicate they are generally opposed to the Obama stimulus plan. The study was conducted between January 27 and February 3 – just prior to the final passage of the economic stimulus plan in Congress. More than half (57%) of the CEOs indicate that they are Opposed […]

In the News: Tiny Banks Lending Large

Michael Daniels runs a small bank in Green Bay, Wis., that recently received $15 million in taxpayer money. When he got the money, Daniels did something a bit rare in banking circles these days: He lent it out to homebuyers and small businesses. “We’re making loans,” Daniels said. “The window is open. It’s never been […]

In the News: See How Local Banks are Using Bailout Money

Nicolet National Bank President and COO Mike Daniels comments on how Wisconsin banks are using bailout money.

80-10-10 Mortgages

What does 80-10-10 mean?  The 80 stands for an 80% First Mortgage;  the 10 stands for 10% Second Mortgage and the last 10 stands for the 10% down payment from the consumer.  This is done quite simply to avoid PMI (Private Mortgage Insurance).   Banks typically require 20% down from someone when purchasing a home… the problem is that […]

In the News: Rescue Leaves Markets Cold

The stock market Tuesday delivered a resounding vote of no confidence to the Obama administration’s plan to unclog bottlenecks in the banking system that are choking lending and hobbling the nation’s economy. Stocks fell broadly throughout the day, including heavy losses for Milwaukee-based Marshall & Ilsley Corp. and Green Bay’s Associated Banc-Corp, after Treasury Secretary […]

Fraud

Scam Alert: MyFitnessPal health and fitness tracking app users are now phishing targets

Tuesday, June 19, 2018

The scam making news this week is a data breach with Under Armour’s health- and fitness-tracking app, MyFitnessPal.  A database with 150 million user names and passwords of the super popular MyFitnessPal app has been hacked. Cyber criminals use this to scare you into clicking on phishing emails and infect your computer with malware or manipulate [...]

Mortgage

Pre-Approval for Home Loans Helps Buyers Strengthen Their Offer

Tuesday, February 20, 2018

Nicolet Bank Provides Home Loans for Home Purchases and Remodeling The tight housing market in most parts of Wisconsin has created a situation in which the buyer who can move the quickest may end up with the prize. Pre-approval for home loans through Nicolet National Bank is an effective way to position yourself for fast [...]

More

Business Pulse - Cybersecurity has emerged as a major issue for CEOs

Monday, July 27, 2015

CEOs Express Concern about the Cybersecurity of their Business. Read the full report here. Business Pulse – JUNE 2015 EXECUTIVE SUMMARY CYBERSECURITY  

Nicolet Bankshares, Inc. 2nd Quarter 2015 Earnings Release

Tuesday, July 21, 2015

Nicolet Bankshares, Inc. (OTCQB: NCBS) earnings release for 2nd quarter 2015. 2Q15 Earnings Release

How to Ensure a Good Credit Score

Wednesday, July 8, 2015

First, let’s understand how your credit score is determined. Your credit score is broken down into five categories weighted accordingly: Payment history = 35% Total amount owed = 30% Length of credit history = 15% New credit = 10% Type of credit in use = 10% MAKE YOUR PAYMENTS ON TIME. This is the most [...]

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