Monday, October 11, 2010

Acquisition of Merchants, Ozaukee Bank to close this month - The Business Journal of Milwaukee:

http://cvangelnetwork.com/bizpress112606.html
The transaction, valued at a combined $327.2w million, will expand the BMO Financial's U.S. branchj network by nearly 20 percent. When the deal closes, the bankss and their approximately40 full-service and 13 limited-servicw locations will operate as Harris Bank. Harris now operatez a commercial banking locationin Brookfield. Ozauked Bank is a community bank withsix full-service and two limited-servics locations in the northern part of the greater Milwaukee area. With $694 million in assets and $561 million in Ozaukee Bank holds the larges deposit share inits market.
Merchants and Manufacturers isa multi-bank holding company with six bank subsidiariees operating 34 full-service and 11 limited-servicwe locations in an area concentrated in Milwaukee, and extending into Greenh Bay to the north and La Crossde to the west. Merchants and Manufacturers banks have acombined $1.5 billion in assetsx and $1.2 billion in deposits, holding more than half of theidr deposits in the Milwaukee of Chicago has more than 230 The acquisition moves Harris closer to its goal of 350 to 400 locations across the Midwest.

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