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M&I has joined the BMO family!
December 17, 2010, BMO Financial Group¹, the parent company of Harris Financial Corp., (Harris) announced a definitive agreement to acquire Marshall & Ilsley Corporation (M&I). Harris and M&I are coming together as BMO Harris Bank National Association.²
Mark Furlong (left), President and CEO of BMO Harris Bank N.A., and Bill Downe, President and CEO of BMO Financial Group.
| A letter to M&I shareholders from Bill Downe, President and CEO, BMO Financial Group
Dear Shareholder:
We are very pleased to welcome you as a new investor in Bank of Montreal.
As you begin to familiarize yourself with our company’s operations, goals and strategy, you’ll find our Annual Report to Shareholders – available online in the Investor Relations area of our website – to be a valuable source of information.
That strategic focus is evident in a number of dimensions. At the top of the list is growth. In the most recent fiscal year we posted our highest revenue growth of the past decade – against a backdrop of unsettled economic conditions, as well as sweeping and potentially challenging regulatory change
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1 Bank of Montreal and its affiliates are known as BMO Financial Group.
2 At the time Bank of Montreal acquired Marshall & Ilsley Corporation, certain bank mergers occured. M&I Marshall & Ilsley Bank, M&I Bank N.A. (successor to M&I Bank FSB), and The Harris Bank N.A. merged into Harris N.A. At the time of these mergers, Harris National Association changed its name to BMO Harris Bank National Association. Banking products and services are provided by BMO Harris Bank N.A., Member FDIC. M&I is a trade name used by BMO Harris Bank N. A. and its affiliates. Copyright 2011, BMO Financial Corp., All Rights Reserved.
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