17 Wisconsin Banks To Close As Result Of M&I Sale

Posted Friday, June 22, 2012 --- 4:55 p.m.

MILWAUKEE (AP) -- Wisconsin will see 17 banks close in connection with BMO Financial Group's acquisition of M&I Bank.

The Milwaukee Journal-Sentinel reports Friday (http://bit.ly/MHSn6V ) that all but one of the Wisconsin locations to close are branches of Harris Bank, which BMO owns. One M&I branch in Reedsburg is also closing.

In all, 24 banks in four states are closing with about 130 jobs eliminated in the process. BMO spokesman Jim Kappel says the company will try to place employees in open positions within the company.

Eight of the branches set for closing are in the Milwaukee area. Others to close are three in Madison, and banks in La Crosse, Cecil, Sauk City, Sheboygan Falls, West Salem and Reedsburg.

Toronto-based BMO acquired Milwaukee's M&I last year for $4.1 billion. At the time it was the largest bank based in Wisconsin.

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Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

Copyright 2012. The Associated Press.


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  • by diggerdan Location: wisconsin on Jun 23, 2012 at 11:23 AM
    The banks can`t help it - it`s the state of the ecomonies fault and we the people influence the ecomony. I am suprised they don`t blame it on the bank tellers
  • by Cesca Location: Canada on Jun 23, 2012 at 09:52 AM
    So the BMO (Bank of Montreal) is branching out into the USA now.... Well, well, well....

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