BMO Harris Bank will close 24 branches, including 17 in Wisconsin, as part of its post-acquisition consolidation efforts.
Since BMO Financial Group announced it would acquire M&I Bank parent Marshall & Ilsley Corp. in December 2010, leaders have anticipated some branch closures, said Jim Kappel, vice president and head of media relations at BMO Harris. The deciding factors for the closures were ease of access, location, facility cost, the overall performance of the branch, the local market and the impact from local leadership. For more, read the new edition of the BizTimes Money Weekly.
