BMO or Bank of Montreal at King and Bay Streets in Toronto's financial district. Toronto, Canada on Tuesday, July 17, 2007. Ryan Carter / The Globe and MailRyan Carter/The Globe and Mail
A few facts about M&I Corp., the parent of Marshall and Ilsley
- Headquarters: Milwaukee, Wisconsin
- Size and scope: the largest bank in Wisconsin, which is in Bank of Montreal's U.S. growth focus area, centred on Chicago Branch locations: 192 offices in Milwaukee, as well as 53 locations in Arizona, 36 offices in Florida, 33 in and around Indianapolis, 26 in and around Minneapolis, 1 in Duluth, Minn., 17 offices in the greater St. Louis area, 15 around Kansas City and one in Las Vegas.
- Total assets: $51.9-billion (U.S.)
- Profits: None, lately. The bank has posted a loss of $483.5-million (U.S.) in the first nine months of 2010. That's after losing $858.8 million in 2009.
- Government help: Received $1.7-billion in U.S. government aid through TARP. M&I executives said earlier in 2010 that the company expected to start repaying it in late 2011, once the bank had returned to profitability. It might take until 2013 to fully repay the government.
- Stock performance: Before BMO bid of $7.75 a share, stock fetched $5.79, down from almost $50 in 2007.