17 Wis. banks to close as result of M&I sale
MILWAUKEE (AP) — Wisconsin will see 17 banks close in connection with BMO Financial Group’s acquisition of M&I Bank.
The Milwaukee Journal-Sentinel reports Friday (http://bit.ly/MHSn6V ) that all but one of the Wisconsin locations to close are branches of Harris Bank, which BMO owns. One M&I branch in Reedsburg is also closing.
In all, 24 banks in four states are closing with about 130 jobs eliminated in the process. BMO spokesman Jim Kappel says the company will try to place employees in open positions within the company.
Eight of the branches set for closing are in the Milwaukee area. Others to close are three in Madison, and banks in La Crosse, Cecil, Sauk City, Sheboygan Falls, West Salem and Reedsburg.
Toronto-based BMO acquired Milwaukee’s M&I last year for $4.1 billion. At the time it was the largest bank based in Wisconsin.
Jun 23, 2012 at 10:31 p.m.
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"And when TARP was passed, which party was in control of both houses of Congress that voted for it????" Yes Bill, sometimes responsible people have to step in to clean up the mess left from the irresponsible even if is really disgusting. They at least insisted on some more controls than initially outlined in the 3-page document from Paulson in the Bush administration. Controls were never adequate and no one was held accountable. Too much money to politicians in both parties and citizens united made it worse.
Jun 23, 2012 at 10:57 a.m.
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And when TARP was passed, which party was in control of both houses of Congress that voted for it????
Jun 23, 2012 at 9:18 a.m.
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Zoom.
I did read the article, and made my comment accordingly...I see nothing in my comment referring only to Wisconsin...Where are you coming from ????
I also made NO reference to Walker....geesh....
Jun 23, 2012 at 12:46 a.m.
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Is that a trick question usaret?
I rely on you for the truth.
Jun 22, 2012 at 10:51 p.m.
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Isn't the BMO bank Canadian?
Jun 22, 2012 at 10:24 p.m.
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Acquisitions usually aren't political. Am guessing this isn't. This is what businesses do. Blaming politicians for it is ridiculous.
Jun 22, 2012 at 9:05 p.m.
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Bush saved the fat cats on Wall Street and Obama saved the jobs in the auto industry. Keep it straight.
Jun 22, 2012 at 8:58 p.m.
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Was TARP Passed Under Bush or Obama?
http://pewresearch.org/databank/dailynum...
Jun 22, 2012 at 8:50 p.m.
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Apophasis of the day award goes to fordfan for the 7:00 p.m. comment. Love it!
Jun 22, 2012 at 8:46 p.m.
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they listen to Fox "News" and then they vote. Makes sense.
Jun 22, 2012 at 8:34 p.m.
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totellthetruth
Jun 22, 2012 at 7:50 p.m.
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I thought the grand exalted Obama did the bank bailout...
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And you vote? Man I hope not!!
Bush gave billions to the banks for their vacations and bonuses.
Jun 22, 2012 at 8:29 p.m.
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Zoom
Jun 22, 2012 at 7:49 p.m.
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hdonlybob, if you read the article, you would know that only one M&I branch in Wisconsin is closing.
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If YOU read the article you would see how foolish your comment is
Eight of the branches set for closing are in the Milwaukee area. Others to close are three in Madison, and banks in La Crosse, Cecil, Sauk City, Sheboygan Falls, West Salem and Reedsburg
Jun 22, 2012 at 8:09 p.m.
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Actually, Bush.
Jun 22, 2012 at 7:49 p.m.
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hdonlybob, if you read the article, you would know that only one M&I branch in Wisconsin is closing.
Jun 22, 2012 at 7:48 p.m.
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You people that blame this on Walker REALLY need to get a freaking life. Do you think this just happened over night ? Oh wait I am sorry you don't think out side of the box ! PUUUUUKE!
Jun 22, 2012 at 7:31 p.m.
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or maybe he thought the Governors office is the same as the President's office?
Jun 22, 2012 at 7:30 p.m.
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maybe the guy was a psychic, and fortold the recall of Romney, if he gets to be President?
Jun 22, 2012 at 7:23 p.m.
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Thanks Scooter !
Jun 22, 2012 at 7:01 p.m.
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Max- neither of the previous posts made any reference to walker much less the recall, so your comment was ignorant.
Jun 22, 2012 at 7 p.m.
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Out of respect for Maxcap75, I will not ask the question, "Mr. Governor, where are the jobs?"
Jun 22, 2012 at 6:49 p.m.
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Stop with the political crap already, the recall is over, deal with it.
Jun 22, 2012 at 6:41 p.m.
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And I bet the famous last words were spoken at the announcement of the sale of M&I...
"NO MAJOR CHANGES ARE ANTICIPATED"
Bahahahahaaa.....sure thing..maybe Romney is helping them...
Jun 22, 2012 at 6:34 p.m.
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I guess their bailout wasn't big enough.
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