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Monday, April 23, 2007

North Star Now Shines for M&I

News summary by MFWire's editors

Today Marshall & Ilsley Corporation marks the completion of its acquisition of Chicago-based North Star Financial Corporation. North Star's businesses will be integrated with M&I's Wealth Management unit, which provides trust, asset management, brokerage, and private banking services to individuals, institutions, and corporate clients. -ed.


Marshall & Ilsley Corporation (NYSE: MI) announced today that it has completed its acquisition of North Star Financial Corporation (Nasdaq: NSFL.PK) located in Chicago, Illinois.

North Star's businesses will be integrated with M&I's Wealth Management unit, which provides trust, asset management, brokerage, and private banking services to individuals, institutions, and corporate clients. The new M&I Wealth Management office in Chicago will continue to serve North Star's clients' wealth management and trust needs.

Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $56.5 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 47 locations throughout Arizona; 30 offices along Florida's west coast and central Florida; 17 offices in Kansas City and nearby communities; 17 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 16 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. 

Edited by: Erin Kello


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