BMO Financial Group is expected close today on its acquisition of Marshall & Ilsley Corp., the parent company of M&I Bank.
BMO Financial Group is expected to close today on its acquisition of Marshall & Ilsley Corp., the Milwaukee-based parent company of M&I Bank.
Toronto-based BMO also announced a five-year extension of the Summerfest stage sponsorship that M&I Bank has supported since 2006.
The sponsorship includes support for Phase Two of Milwaukee World Festival Inc.’s South End Project, which is targeted for completion in time for Summerfest 2012. The design of Phase 2 of the South End Project is ongoing, and will be submitted to the Board of Harbor Commissioners for approval at a later date.
"We’re incredibly proud to join in the singular celebration of summer that is Summerfest. It is one of Milwaukee’s best cultural attractions and, as the largest musical festival in the world, it draws global visitors and performers to the city’s front door," said Bill Downe, president and chief executive officer, BMO Financial Group. "By combining the strengths of M&I and Harris, we can be an even more active community partner. We look forward to deepening our commitment to Milwaukee."
"We thank BMO for creating a continuing partnership with us and for recognizing the importance of Summerfest to our community," said Donald Smiley, president and CEO of Milwaukee World Festival Inc. "We welcome them warmly to the Summerfest family."
BMO CEO Bill Downe with Summerfest CEO Don Smiley