307:; it was one of the few major banks in Wisconsin to survive the latter. However, after selling the Madison bank in the late 19th century, it did business solely in Milwaukee for over six decades. The first real expansion came in 1958, when M&I reorganized as the leading subsidiary of the Bank Stock Corporation of Milwaukee after over a century as a partnership. The new company bought two of its competitors, Northern Bank and Bank of Commerce. The three banks retained their own names and headquarters within a single corporate structure. When regulators forced the sell-off of Bank of Commerce in 1969, they allowed Bank Stock Corporation to buy other banks in areas where there were no competing banks, and could also build branches within a three-mile radius of Milwaukee. Accordingly, Bank Stock changed its name to Marshall & Ilsley Corporation in 1971.
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In 1847, Samuel
Marshall, a Pennsylvania native, founded an exchange brokerage in a downtown Milwaukee cobbler's shop. Although Wisconsin did not allow state-chartered banks at the time, Marshall's company provided a number of traditional banking services, such as deposits and loans. In 1849, he took
461:
On April 5, 2011, bank officers from M&I Bank, Harris Bank, and the Bank of
Montreal announced the name of the bank after the merger will be "BMO Harris Bank". Both M&I Bank and Harris bank will be affected by the name change. The new logo will be similar to BMO's logo. The difference is the
324:
On
September 20, 1993, M&I announced a merger with Wisconsin-based Valley Bancorporation, converting Valley stock to M&I in a stock transaction valued at $ 875 million. The merger converted 155 Valley Bank locations to M&I. 154 of these were in Wisconsin, and one in Illinois. At the time
465:
On July 5, 2011, BMO Financial Group acquired
Marshall & Ilsley Corporation through its subsidiary BMO Financial Corp. (formerly Harris Financial Corp). At the time of the acquisition, certain bank mergers also occurred. M&I Marshall & Ilsley Bank and M&I Bank N.A. (successor to
296:
on Maine native
Charles Ilsley as a partner, and the company took the Marshall & Ilsley name a year later. When Wisconsin finally allowed state-chartered banking in 1852, M&I took out the first such charter, for a bank in Madison.
279:
The bank was founded in 1847 and by 2008 the bank had assets of $ 63.5 billion and over 250 branches. After the acquisition, Bank of
Montreal combined the Marshall & Ilsley Corporation operations into its existing U.S.
1399:
1197:
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For most of its first century, the bank had a reputation for conservatism. This approach actually worked to M&I's advantage during major financial crises such as the
462:
words "Bank of
Montreal" will be replaced with "Harris Bank". The name change to "BMO Harris Bank" took place over a span of 18 months, completing on October 9, 2012.
245:
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343:, formerly a wholly owned subsidiary known as Marshall and Ilsley Data Services, was spun off into a separate publicly traded company and began trading on the
1404:
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384:(BMO) agreed to purchase Marshall & Ilsley in an all-stock transaction valued at about $ 4.1 billion. Marshall & Ilsley was combined with BMO's
321:'s offer instead. Marshall & Ilsley did successfully acquire Central Wisconsin Bankshares Inc. of Wausau in a smaller deal for $ 83.6 million.
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In
December 2006, M&I signed a definitive agreement to acquire United Heritage Bankshares of Florida with 13 locations in the Orlando area.
35:
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M&I Bank FSB) merged into The Harris Bank N.A., forming BMO Harris Bank
National Association as the merged company's legal banking entity.
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Marshall & Ilsley Corp. said it proposed to acquire Marine Corp. for $ 62.50 a share, or $ 537.5 million on a fully diluted basis
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of the
Milwaukee-based Marine Corporation, the parent of Marine Bank. Marine turned down M&I overtures and chose
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372:, which made up more than 5 percent—a threshold beyond which a bank's equity can be wiped, according to regulators.
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In 1986, Marshall & Ilsley expanded outside of Wisconsin by acquiring Arizona-based Thunderbird Bank.
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In late summer of 2010, M&I Bank additionally completed the acquisition of Southwest Bank, St Louis.
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534:"This Bank Executive Took TARP Money, Never Paid It Back, And Now He'll Get $ 18 Million If He's Fired"
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In mid-August 2009 the bank was named as one of the largest of more than 150 U.S. lenders that owned
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Richards, Bill (June 30, 1987). "Marshall & Ilsley Proposes to Buy Marine Corp".
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Broder, John M. (1986-09-28). "Big Banks Gird for Battle on Arizona Frontier".
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of the merger, Valley Bancorporation had more bank locations than M&I did.
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On January 2, 2008, M&I announced it had completed the acquisition of
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BMO Private Wealth (BMO Nesbitt Burns and BMO Private Investment Counsel)
1318:
416:
403:
389:
362:), which had 32 locations in central Indiana, for about $ 529 million.
91:
355:
935:
484:"Inductees listed; Tickets available for Ottawa Hall of Fame event"
327:
823:"Toxic Loans Topping 5% May Push 150 Banks to Point of No Return"
261:
1179:
939:
392:, Illinois, on October 9, 2012, to form BMO Harris Bank.
717:"Marshall & Ilsley Set to Acquire Central Wisconsin"
696:"Banc One, Marine Agree to Merge in $ 543-Million Deal"
842:
Perkins, Tara & Kiladze, Tim (December 17, 2010).
894:"It's official: M&I is absorbed by Canada's BMO"
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764:"First Indiana to be Acquired by Wisconsin Bank"
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399:194 offices throughout the state of Wisconsin
395:By this time, M&I's footprint comprised:
8:
27:
313:In 1987, Marshall & Ilsley attempted a
1400:1847 establishments in Wisconsin Territory
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958:
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872:"Marshall & Ilsley's Shotgun Marriage"
33:
26:
676:"M&I Reaffirms Offer For Marine Corp"
600:
598:
844:"BMO to buy U.S. bank for $ 4.1-billion"
1098:Bank of Montreal National Historic Site
474:
795:"M&I completes First Indiana deal"
583:"M&I participates in FDIC program"
509:"Milwaukee Bank Sold To BMO of Canada"
7:
1380:Defunct companies based in Wisconsin
869:White, Michael (December 20, 2010).
1405:2011 disestablishments in Wisconsin
1375:Defunct banks of the United States
563:BizTimes – Milwaukee Business News
507:Nicholson, Chris V. (2010-12-17).
25:
800:The Business Journal of Milwaukee
254:Marshall & Ilsley Corporation
28:Marshall & Ilsley Corporation
332:Marshall & Ilsley footprint.
233:
232:
1324:John Pritzlaff Hardware Company
376:Acquisition and BMO Harris Bank
1344:Nordberg Manufacturing Company
772:. July 9, 2007. Archived from
557:Wooten, Bradley (2005-01-21).
1:
1135:Bank of British North America
931:Archived M&I Bank website
821:Levy, Ari (August 24, 2009).
737:"M&I, Valley plan merger"
715:Laurie Cohen (July 2, 1987).
268:corporation headquartered in
1395:Banks disestablished in 2011
1385:Companies based in Milwaukee
1093:Bank of Montreal Head Office
620:(Home ed.). p. 1.
116:as Samuel Marshall & Co.
103:; 177 years ago
422:26 offices in metropolitan
142:Absorbed by BMO Harris Bank
1421:
1035:BMO Delaware Trust Company
899:Milwaukee Journal Sentinel
892:Gores, Paul (2011-07-06).
588:Milwaukee Business Journal
453:32 offices in the greater
446:16 offices in the greater
305:stock market crash of 1929
52:Marshall & Ilsley Bank
1390:Banks established in 1847
1214:
1206:Major companies based in
924:Archived official website
246:Archived official website
32:
1370:Banks based in Wisconsin
402:45 locations throughout
272:, that was purchased by
237:US$ 2.043 billion (2008)
220:US$ 4.025 billion (2008)
1304:A. F. Gallun & Sons
1040:BMO Investment Services
769:Inside INdiana Business
345:New York Stock Exchange
1279:Miller Brewing Company
412:and nearby communities
380:On December 17, 2010,
333:
126:; 13 years ago
1334:Marshall & Ilsley
1234:Briggs & Stratton
1150:Marshall & Ilsley
681:Associated Press News
559:"Banking on downtown"
341:Metavante Corporation
331:
211:investment management
1103:First Canadian Place
1009:BMO Premier Services
981:BMO Bank of Montreal
745:. September 21, 1993
742:Racine Journal Times
532:Comstock, Courtney.
482:MediaCaption, Shaw.
388:subsidiary based in
319:Banc One Corporation
270:Milwaukee, Wisconsin
161:Milwaukee, Wisconsin
114:Milwaukee, Wisconsin
1349:Pfister & Vogel
1329:Journal Media Group
1294:Rockwell Automation
1284:Northwestern Mutual
1061:BMO Capital Markets
1014:BMO Smart Portfolio
878:Wall Street Journal
650:Wall Street Journal
591:. December 5, 2008.
370:nonperforming loans
29:
1314:Chain Belt Company
1269:Marcus Corporation
849:The Globe and Mail
334:
266:financial services
203:commercial banking
1357:
1356:
1229:Brady Corporation
1173:
1172:
1030:BMO Family Office
1023:Wealth management
803:. January 2, 2008
701:Los Angeles Times
618:Los Angeles Times
442:Las Vegas, Nevada
436:Duluth, Minnesota
251:
250:
177:Dennis J. Kuester
124:July 5, 2011
16:(Redirected from
1412:
1339:Midwest Airlines
1200:
1193:
1186:
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1165:Suburban Bancorp
1140:Bank of the West
1054:Investment banks
1004:BMO InvestorLine
967:Bank of Montreal
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704:. July 27, 1987.
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684:. July 31, 1987.
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488:www.newstrib.com
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382:Bank of Montreal
315:hostile takeover
274:Bank of Montreal
264:and diversified
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187:(President, CEO)
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256:(also known as
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151:BMO Harris Bank
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916:External links
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776:on 2011-07-19
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1160:Ontario Bank
1149:
1128:Predecessors
1112:Sponsorships
974:Retail banks
903:. Retrieved
897:
887:
876:
864:
853:. Retrieved
847:
837:
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816:
805:. Retrieved
798:
789:
778:. Retrieved
774:the original
767:
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747:. Retrieved
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566:. Retrieved
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541:. Retrieved
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516:. Retrieved
512:
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491:. Retrieved
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455:Indianapolis
440:1 office in
394:
379:
367:
364:
349:
338:
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323:
312:
309:
298:
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278:
258:M&I Bank
257:
253:
252:
184:Mark Furlong
157:Headquarters
63:Company type
55:M&I Bank
18:M&I Bank
1274:Master Lock
1224:A. O. Smith
1155:Molson Bank
1145:Harris Bank
831:. New York.
432:Twin Cities
424:Minneapolis
410:Kansas City
386:Harris Bank
285:Harris Bank
1364:Categories
1244:Joy Global
905:2011-07-06
855:2010-12-17
807:2008-02-16
780:2008-02-16
749:2016-05-20
568:2020-07-23
543:2020-07-23
518:2020-07-23
493:2020-07-23
470:References
282:subsidiary
227:Net income
181:(Chairman)
169:Key people
131:2011-07-05
44:Trade name
1309:Blackhawk
1208:Milwaukee
1119:BMO Field
1086:Buildings
1070:Insurance
997:Investing
659:398067204
634:292335705
626:0458-3035
448:St. Louis
339:In 2007,
276:in 2010.
147:Successor
83:: MI
75:Traded as
1259:Magnetek
1077:BMO Life
983:(Canada)
655:ProQuest
630:ProQuest
513:DealBook
428:St. Paul
303:and the
195:Products
88:Industry
1319:Firstar
417:Florida
404:Arizona
390:Chicago
358::
291:History
242:Website
217:Revenue
129: (
121:Defunct
106: (
98:Founded
92:Banking
1300:Former
1249:Kohl's
657:
632:
624:
356:Nasdaq
207:trusts
199:retail
67:Public
1254:Koss
989:(US)
622:ISSN
457:area
450:area
360:FINB
262:bank
209:and
201:and
139:Fate
108:1847
101:1847
81:NYSE
112:in
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