Marshall & Ilsley Corporation to Sell Three Branch Locations in Tulsa, Oklahoma
July 25 2007 - 8:32AM
PR Newswire (US)
MILWAUKEE, July 25 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) announced today that it has reached a
definitive agreement to sell its three Tulsa, Oklahoma branches to
Arvest Bank. The transaction is expected to close in the fourth
quarter of this year, pending regulatory approval. Terms of the
transaction were not disclosed. "While the Tulsa market is strong,
we intend to focus our capital and expansion plans on other
markets," said Greg Smith, senior vice president, chief financial
officer, Marshall & Ilsley Corporation. Marshall & Ilsley
Corporation (NYSE:MI) is a diversified financial services
corporation headquartered in Milwaukee, Wis., with $58.3 billion in
assets. Founded in 1847, M&I Marshall & Ilsley Bank is the
largest Wisconsin-based bank, with 192 offices throughout the
state. In addition, M&I has 48 locations throughout Arizona; 30
offices along Florida's west coast and in central Florida; 16
offices in Kansas City and nearby communities; 22 offices in
metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; three
offices in Tulsa, Okla.; and one office in Las Vegas, Nev.
M&I's Southwest Bank subsidiary has 17 offices in the greater
St. Louis area. Metavante Corporation, a wholly owned subsidiary,
provides a full array of technology products and services for the
financial services industry. On April 3, 2007, Marshall &
Ilsley Corporation announced its plans to split Metavante
Corporation and Marshall & Ilsley Corporation into independent
publicly traded companies. 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: Greg Smith, Chief Financial Officer,
+1-414-765-7727, or Dave Urban, Vice President, Director of
Investor Relations, +1-414-765-7853, both of Marshall & Ilsley
Corporation Web site: http://www.micorp.com/
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