CIB Marine Charts New Course After Miraculous Rescue

Davis, Paul
April 2013
American Banker;4/1/2013, Vol. 178 Issue 49, p14
Trade Publication
The article focuses on the Waukesha, Wisconsin company CIB Marine Bancshares which emerged from bankruptcy protection in January 2010 and plans to offer mobile banking by the end of June 2013. The article provides an overview of the bank's financial losses that began in 2003 and its return to profitability. It also notes the phases of turnaround management under the bank's chief executive officers (CEOs) Stanley Calderon, John Hickey, and Charles Ponicki.


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