Search provided by
The other markets earmarked for expansion are downtown Chicago, St. Louis, Minneapolis and Kansas City.
Indiana Business News
- Purdue to Host Great Lakes Research Event
- Harrison College Creates Scholarship Foundation
- Union Ratifies New Deal With Vectren Unit
- IU President Proposes Tuition Increase
- Carmel Dealership Reaches Major Milestone
- City Fires Indicted Employees
- State Seeking Alternative to GED Test
- Former Winner's Auction Set For Indy 500 Weekend
- Zionsville Closes on Major Land Acquisition
updated: 6/26/2012 3:09:25 PM
BMO Eyes Indy For Growth
Canada-based BMO Financial Group Inc. has identified five Midwest markets for expansion, including Indianapolis. The move follows the bank's purchase of Milwaukee-based Marshall & Ilsley Corp. Bloomberg reports as it eyes more growth, BMO is also planning to close more than 20 U.S. branches.
IIB Twitter Watch
Those closings are mainly due to overlapping areas in the banking network.
The decision to potentially grow in the Midwest was outlined today at BMO's U.S. investors' meeting in Chicago.
The company says it has doubled U.S. earnings since the takeover of M&I.
Bloomberg reports the nearly $4 billion deal is the largest acquisition in BMO's 195 year history.
Source: Bloomberg
