Southport raising $29.4 millionThe head of Southport Bank says he believes the Kenosha-based institution is on track to raise $29.45 million in much-needed capital over the next couple of months.

Gerald Schwallier, Southport president and chief executive officer, said that process — which includes the sale of a controlling interest of the bank to former Kenosha resident Gaetano Cecchini — will occur before the bank’s annual shareholders’ meeting in May....More