March 15, 2016 | By Wisconsin School of Business | Back to press releases

Graduate School of Banking Makes $250,000 Gift to Wisconsin School of Business to Strengthen Partnership in Banking Education, Research 

Funds will help train next generation of banking leaders, promote financial research

For more than 70 years, a partnership between the Graduate School of Banking (GSB) and the Wisconsin School of Business at the University of Wisconsin-Madison has trained multiple generations of leaders in the banking industry. GSB recently expanded that effort with a $250,000 gift to enhance the existing Prochnow Professorship at the Wisconsin School of Business to create the Graduate School of Banking/Prochnow Professorship, a move that will support vital research and help educate the next generation of bankers.

“Bankers from across the country have benefitted from the premier banking education and leadership programs we offer in cooperation with the Wisconsin School of Business,” says Kirby Davidson, president and CEO of the Graduate School of Banking. “This gift to the Wisconsin School of Business will build on that valuable work by providing meaningful educational opportunities that allow bankers to develop their technical skills, grow their leadership capabilities, and take what they’ve learned back to their banks and communities where they make a positive impact every day.”

François Ortalo-Magné, Albert O. Nicholas Dean of the Wisconsin School of Business adds, “This is a great collaboration that exemplifies the Wisconsin Idea, supporting education and leadership training that lead to positive outcomes in communities across our state of Wisconsin and throughout the country. We are excited about our partnership with the Graduate School of Banking and the new possibilities that their important gift inspires, including support for essential research.”

With the gift’s additional endowment, the Graduate School of Banking/Prochnow Professorship will be held by James Johannes, finance professor and director of the Puelicher Center for Banking Education at the Wisconsin School of Business.

“GSB’s gift will enable us to enhance our banking program at the Wisconsin School of Business and support vital research that could help shape the future of the banking system, promote financial stability, and address key issues for our economy,” says Johannes.

GSB’s long-standing partnership with the University of Wisconsin-Madison began in 1945, and the GSB program with the Wisconsin School of Business was launched by Herbert V. Prochnow, the president of First National Bank of Chicago, for whom the endowed professorship is named. More than 20,000 bankers have completed the Graduate Banking School program held at the Wisconsin School of Business and gone on to leadership positions in their bank, community, and the financial services industry.