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M&I Exec Shares Investing Insights
Posted on February 23rd, 2010 No commentsThe U.S. and global economies have emerged from the Great Recession. Although opportunities are re-emerging for investors, significant risks remain, said Sandy Lincoln, senior vice president with M&I Investment Management Corp., in the Small Business Times.
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M&I, Puelicher Ctr Receive Financial Ed Awards
Posted on February 16th, 2010 No commentsM&I Bank Community Education, Milwaukee, and the Puelicher Center for Banking Education at the University of Wisconsin-Madison School of Business were among the nine organizations and six individuals honored with 2010 Governor’s Financial Literacy Awards, the Milwaukee Journal Sentinel reported.
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Bank Declines Land in Foreclosure Suit
Posted on February 5th, 2010 No commentsM&I Bank has filed a foreclosure suit because of a delinquent $1.6 million loan on a housing development in Franklin, Wis. The developer offered to give the bank the land, which the bank declined, according to a story in the Milwaukee Journal Sentinel.
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M&I Likely to Repay TARP Next Year
Posted on February 3rd, 2010 No commentsMarshall & Ilsley Corp. probably won’t start paying back the U.S. Treasury’s $1.7 billion TARP investment until next year, CFO Greg Smith said at the Morgan Stanley U.S. Financials Conference in New York City, according to the Milwaukee Journal Sentinel.
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M&I Loses $858M in 2009
Posted on January 20th, 2010 No commentsMarshall & Ilsley Corp. reported a fourth quarter net loss of $259.5 million, or 54 cents per share, which capped a fiscal year in which it lost $858.8 million, or $2.46 per share, representing an improvement over the bank’s 2008 performance. Read the Milwaukee Small Business Times article.
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TARP Restricts Bonuses for M&I Execs
Posted on December 29th, 2009 No commentsMarshall & Ilsley Corp. – like other institutions that participate in the U.S. Treasury’s TARP – won’t be awarding stock options and bonuses to the bank’s top executives, but rather “stock salaries” in addition to their cash salaries. Read more in the Milwaukee Journal Sentinel.
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M&I Extends Foreclosure Moratorium
Posted on December 22nd, 2009 No commentsMarshall & Ilsley Corp. announced that it has extended its foreclosure moratorium an additional three months, though March 31, 2010. The bank had initially imposed a moratorium on Dec. 18, 2008, the Milwaukee Journal Sentinel reported.
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M&I Reports Significant Energy Use Reduction
Posted on December 22nd, 2009 No commentsMilwaukee-based Marshall & Ilsley Corp. achieved a 30 percent energy reduction over the last nine months through the use of software designed by Seattle-based Verdiem that has been installed on more than 11,000 desktop and laptop computers, the Business Times reported.
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M&I Tenders Total $433M
Posted on December 15th, 2009 No commentsM&I Marshall & Ilsley Bank said it has received tenders of debt securities totaling $433.1 million in response to its offer to purchase for cash debt securities with an aggregate principal of up to $400 million, the Business Journal of Milwaukee reported.
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M&I Arizona Region President to Retire
Posted on December 14th, 2009 No commentsDennis Jones, who has overseen M&I Bank’s rapid growth in Arizona and, more recently, its troubled real estate loan portfolio, will retire on March 1, 2010. Steve Johnson, a 20-year veteran at M&I Bank who manages regional retail banking in Arizona, will succeed Jones as president, according to the Business Journal of Milwaukee.