Harris Receives All Required Approvals for Wisconsin Acquisitions
February 13 2008 - 11:46AM
PR Newswire (US)
CHICAGO, Feb. 13 /PRNewswire-FirstCall/ -- Harris and BMO Financial
Group (TSX, NYSE: BMO) announced they have received all required
regulatory and shareholder approval and expect to close the
acquisitions of Ozaukee Bank and Merchants and Manufacturers
Bancorporation, Inc., later this month. Harris and BMO announced in
July 2007 a definitive agreement for BMO to purchase Ozaukee Bank,
a community bank with six full-service and two limited-service
locations in the northern part of the greater Milwaukee area.
Additionally, Harris and BMO announced a definitive agreement to
purchase Merchants and Manufacturers (OTC:MMBI) (BULLETIN BOARD:
MMBI) . Also headquartered in the Milwaukee area, Merchants and
Manufacturers operates 34 full-service and 11 limited-service
locations in an area concentrated in Milwaukee, and extending into
Green Bay to the north and LaCrosse to the west. "Harris, Ozaukee
Bank and Merchants & Manufacturers share the same commitment to
helping customers reach their goals by making smart financial
decisions, and ensuring our communities prosper through active
support as engaged corporate partners," said Ellen Costello, Chief
Executive Officer, Harris Bankcorp, Inc. "We look forward to
building on the foundations of these great banks to better serve
customers, grow our business and enrich the communities we serve."
About Harris Harris is an integrated financial services
organization that provides more than one million personal and
business customers with banking, lending, investing, financial
planning, trust administration, portfolio management, family office
and wealth transfer services through a network of more than 230
branches, nearly 600 Harris-branded ATMs and additional wealth
management offices in Arizona, California, Florida, Georgia, New
Jersey, Virginia and Washington. For more information, please visit
http://www.harrisbank.com/ BMO Financial Group Established in 1817
as Bank of Montreal, BMO Financial Group is a highly diversified
North American financial services organization. With total assets
of US$376.4 billion as at October 31, 2007, and nearly 36,000
employees, BMO provides a broad range of retail banking, wealth
management and investment banking products and solutions. BMO
Financial Group serves clients across Canada through its Canadian
retail arm, BMO Bank of Montreal, and through its wealth management
firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private
Banking. BMO Capital Markets, our North American investment and
corporate banking division, provides a full suite of financial
products and services to our North American and international
clients. BMO also serves personal and commercial customers in the
United States through Chicago-based Harris. CAUTION REGARDING
FORWARD-LOOKING STATEMENTS This news release includes
forward-looking statements that are intended to be covered by the
safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995 and any applicable Canadian securities legislation.
These forward-looking statements include but are not limited to
comments with respect to the objectives and strategies, financial
condition, results of operations and businesses of Bank of
Montreal, Ozaukee Bank and Merchants and Manufacturers. However, by
their nature these forward-looking statements involve numerous
assumptions, inherent risks and uncertainties, both general and
specific, and the risk that predictions and other forward-looking
statements will not be achieved. Bank of Montreal cautions readers
of this news release not to place undue reliance on these
forward-looking statements as a number of important factors could
cause actual future results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements. DATASOURCE: Harris CONTACT: Media
Relations, Amy Yuhn of Harris, Chicago, +1-312-461-2478, ; or Ralph
Marranca, Toronto, +1-416-867-3996, , or Ronald Monet, Montreal,
+1-514-877-1101, , or Investor Relations, Viki Lazaris, Toronto,
+1-416-867-6656, , or Steve Bonin, Toronto, +1-416-867-5452, , or
Krista White, Toronto, +1-416-867-7019, , all for Harris Web site:
http://www.harrisbank.com/
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