Marshall & Ilsley Corporation Growth and Evolution

Marshall & Ilsley Corporation was a major player in the banking industry, with a presence that spanned over 130 years.

Founded in 1871, the company started as a small bank in Milwaukee, Wisconsin, and grew rapidly over the years.

The bank's early success was largely due to its commitment to serving the local community, offering a range of financial services that catered to the needs of small businesses and individuals.

By the early 20th century, Marshall & Ilsley had expanded its operations to other parts of Wisconsin and even ventured into other states.

The bank's growth was fueled by its innovative approach to banking, which included introducing new products and services that were tailored to the needs of its customers.

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Marshall & Ilsley was founded in 1871 by William D. Ilsley.

The bank's early success was largely due to its innovative approach to banking, including the introduction of a system of branch banking in the Midwest.

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Marshall & Ilsley's first branch opened in 1873 in Fond du Lac, Wisconsin.

The bank's growth continued throughout the late 19th and early 20th centuries, with the establishment of new branches and offices in major cities across the state.

By the 1970s, Marshall & Ilsley had become one of the largest banks in Wisconsin.

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Marshall & Ilsley had a significant acquisition in 2010 when Bank of Montreal agreed to purchase the company in an all-stock transaction valued at about $4.1 billion.

The acquisition was completed in 2012 when M&I Bank and Harris Bank were combined to form BMO Harris Bank.

Marshall & Ilsley was also involved in acquiring other companies, including Ventyx, which was acquired in 1999 for an undisclosed amount.

Here's a brief overview of Marshall & Ilsley's acquisitions:

Marshall & Ilsley's acquisition by Bank of Montreal marked a significant change in the company's history, leading to the formation of BMO Harris Bank.

Marshall & Ilsley's portfolio management strategy was focused on growing its consumer and commercial banking business.

The bank's consumer banking division offered a range of financial services, including checking and savings accounts, credit cards, and home equity loans.

Marshall & Ilsley's commercial banking division provided financial services to businesses, including cash management, merchant services, and equipment financing.

The bank also had a significant presence in the Midwest, with over 200 locations in Wisconsin, Minnesota, and Michigan.

Marshall & Ilsley's portfolio management strategy involved actively managing its loan portfolio to minimize risk and maximize returns.

The bank's loan portfolio included commercial and industrial loans, commercial real estate loans, and consumer loans.

Marshall & Ilsley's investment portfolio was also actively managed, with a focus on generating returns while minimizing risk.

The bank's investment portfolio included a mix of stocks, bonds, and other securities.

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Mark F. Furlong has been named Chairman of the Board of Marshall & Ilsley Corporation, a position he took on in addition to being president and chief executive officer.

Furlong joined M&I in 2001 as senior vice president and chief financial officer, and has been president of M&I Marshall & Ilsley Bank since 2004.

Thomas R. Ellis has been named president of M&I Marshall & Ilsley Bank, succeeding Mark F. Furlong in this role.

Mark R. Hogan has announced his retirement after 33 years with M&I, effective December 31, 2010, and will assist the Corporation in an advisory role until the end of 2011.

Ann M. Benschoter will act as chief credit officer on an interim basis, bringing 31 years of banking experience to the role.

Bradley D. Chapin has been named executive vice president of M&I Bank and will be the head of Consumer Banking, a role he is well-suited for given his experience as regional president of M&I's Minnesota Region.

Richard C. Becker has been named executive vice president of M&I Bank and will be the head of Regional Banking, a position he has been preparing for during his 36 years with M&I.

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Leaders of the 20th Century played a significant role in shaping organizational changes. They introduced new management styles and philosophies that transformed the way businesses operated.

One notable leader was Mary Parker Follett, who advocated for a decentralized management approach, empowering employees to make decisions and take ownership of their work. This approach has been adopted by many modern organizations.

Another influential leader was Douglas McGregor, who developed the Theory X and Theory Y management styles, which highlighted the importance of employee motivation and job satisfaction. His theories continue to influence organizational development.

Peter Drucker, a renowned management consultant, introduced the concept of "management by objectives", which focused on setting clear goals and measuring performance. This approach has been widely adopted in various industries.

The leadership styles of these 20th-century leaders have had a lasting impact on organizational changes, shaping the way businesses operate and interact with their employees and stakeholders.

Mark F. Furlong has taken on the additional role of Chairman of the Board of Marshall & Ilsley Corporation, succeeding Dennis J. Kuester who has retired.

Furlong joined M&I in 2001 as senior vice president and chief financial officer, and has since held various leadership positions, including president of M&I Marshall & Ilsley Bank and chief executive officer.

Thomas R. Ellis has been named president of M&I Marshall & Ilsley Bank, succeeding Mark F. Furlong who will continue to serve as chairman and chief executive officer of M&I Bank.

Ellis has been with M&I since 1988 and has held various leadership positions, including executive vice president and head of Community Banking.

Mark R. Hogan, executive vice president and chief credit officer, has announced his retirement effective December 31, 2010, after 33 years with M&I.

Ann M. Benschoter will act as chief credit officer on an interim basis, bringing 31 years of banking experience and 15 years of service with M&I.

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Bradley D. Chapin has been named executive vice president of M&I Bank and will lead Consumer Banking, having joined M&I in 1990 and held various leadership positions.

Richard C. Becker has also been named executive vice president of M&I Bank, taking on the role of head of Regional Banking, bringing 36 years of experience with M&I.