Marshall & Ilsley Corporation Completes Acquisition of Trustcorp Financial, Inc.
April 01 2006 - 10:48AM
PR Newswire (US)
MILWAUKEE, April 1 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) (M&I) announced today the completion of
its acquisition of Trustcorp Financial, Inc. Trustcorp, with $747.7
million in assets as of December 31, 2005, is the holding company
for Missouri State Bank and Trust Company, which provides
commercial banking services in Missouri through seven bank
locations. Trustcorp shareholders will receive 0.7011 of a share of
M&I common stock and $7.70 in cash for each share of Trustcorp
common stock they own. M&I will not issue any fractional shares
in the merger. Instead, Trustcorp stockholders will receive cash in
lieu of any fractional share of M&I common stock based on a
value for each M&I share of $43.93. James A. Saitz, chairman
and chief executive officer of Trustcorp Financial, will join the
Southwest Bank of St. Louis Board of Directors in April. Southwest
Bank is a subsidiary of M&I. Marshall & Ilsley Corporation
(NYSE:MI) is a diversified financial services corporation
headquartered in Milwaukee, Wis., with $46.2 billion in assets as
of December 31, 2005. Founded in 1847, M&I Marshall &
Ilsley Bank is the largest Wisconsin-based bank. M&I Bank has
196 offices throughout the state, in addition to 42 locations
throughout Arizona; 14 offices in metropolitan Minneapolis/St.
Paul, Minn.; and locations in Duluth, Minn.; Las Vegas, Nev.; and,
Marco Island, Naples, and Bonita Springs, Fla. M&I's Southwest
Bank affiliate has seven offices in the St. Louis area and one
office in Belleville, Ill. Metavante Corporation, Marshall &
Ilsley Corporation's wholly owned technology subsidiary, provides
virtually all of the technology an organization needs to offer
financial services. M&I also provides trust and investment
management, equipment leasing, mortgage banking, asset-based
lending, financial planning, investments, and insurance services
from offices throughout the country and on the Internet (
http://www.mibank.com/ or http://www.micorp.com/ ). M&I's
customer-based approach, internal growth, and strategic
acquisitions have made M&I a nationally recognized leader in
the financial services industry. DATASOURCE: Marshall & Ilsley
Corporation CONTACT: Mark Furlong, President, Marshall & Ilsley
Corporation, +1-414-765-8052; or Andrew Baur, President, Southwest
Bank of St. Louis, +1-314-543-3429 Web site: http://www.micorp.com/
http://www.mibank.com/
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