April 6 at 6:38 a.m.
Filed under:
Banking
By Dow Jones Newswires-Wall Street Journal
Bank of Montreal will drop the Marshall & Ilsley Corp. name when it combines the troubled Wisconsin lender with its existing U.S. retail unit this summer.
The Toronto-based bank will rename the combined U.S. retail bank BMO Harris Bank, a name that it said tested well in several markets, including Milwaukee and Chicago. BMO’s U.S. consumer bank was previously known as Harris Bank. The bank’s acquisition of Marshall & Ilsley, announced in December, is expected to be completed before July. Get the full story »
March 22 at 4:13 p.m.
Filed under:
Banking,
International
By Reuters
Bank of Montreal aims to more than quintuple annual earnings from its U.S. operations, following the $4.1 billion acquisition of U.S. lender Marshall & Ilsley. Get the full story »
March 1 at 3:52 p.m.
Filed under:
Banking,
Jobs/employment,
Layoffs
By Becky Yerak
Employment in BMO Financial’s U.S. personal and commercial banking operations, which consists mainly of Harris Bank, fell to 3,965 in the first quarter, down from 4,456 jobs in the fourth quarter.
The Canadian bank released its first-quarter financial results on Tuesday. In an afternoon conference call with Wall Street, an analyst asked BMO about the cutting of 491 jobs, or 11 percent of its personal and commercial banking operations in the United States. Get the full story »
March 1 at 11:27 a.m.
Filed under:
Banking
By Reuters
Bank of Montreal’s first-quarter profit rose 18 percent due to stronger loan growth and investment banking fees, and the bank said it will issue less stock than previously expected to pay for its acquisition of Wisconsin bank Marshall & Ilsley Corp. Get the full story »
Dec. 17, 2010 at 7:32 a.m.
Filed under:
Banking,
M&A
By Dow Jones Newswires
Bank of Montreal will acquire Marshall & Ilsley Corp. in a stock-for-stock deal valued at about $4.1 billion, further strengthening the Canadian bank’s position in the Midwest.
Bank of Montreal said Friday that, under the definitive agreement, it’s offering 0.1257 of a share for each M&I share. Based on Bank of Montreal’s closing stock price in Toronto Thursday, the deal values M&I at $7.75 a share. Get the full story »
