MI Marshall & Ilsley Corp

The Bank of New York Company, Inc. announced today that its subsidiary, The Bank of New York Trust Company, N.A., has signed a definitive agreement to acquire the bond administration business of Marshall & Ilsley Trust Company N.A., and M&I Marshall & Ilsley Bank (together, "M&I"), where they act as bond trustee, paying/fiscal agent, master trustee, transfer agent and/or registrar. The transaction involves the acquisition of approximately 560 bond trusteeships and agency appointments, representing $4.8 billion of principal debt outstanding for an estimated 225 clients. The transaction is expected to close on July 18, 2005. The Bank of New York Trust Company, N.A. is a nationally chartered trust company with offices throughout the United States. It provides a broad range of trust and custody services to issuers of debt, institutional investors and individuals. Karen B. Peetz, executive vice president and head of The Bank of New York's corporate trust services division, said, "M&I has an outstanding reputation across the Midwest. Because we share a similar approach to client servicing, we expect a smooth transition for the trustee clients involved in the acquisition. We will continue to provide the same high standard of services offered by M&I. We are delighted to have this opportunity to increase our commitment to the region and to welcome M&I's trustee clients." "M&I is selling its bond administration business so that we may concentrate on our core wealth management businesses - asset management, personal trust, private banking, commercial trust, and brokerage services," said Ken Krei, chairman, president and chief executive officer of Marshall & Ilsley Trust Company N.A. "The Bank of New York and its affiliates are the U.S. market leader in the corporate trust business, and we have confidence in their ability to continue to provide our clients with excellent services." The Bank of New York is a leading provider of corporate trust and agency services. The Bank and its subsidiaries and affiliates administer a portfolio of more than 90,000 trustee and agency appointments, representing more than $2.7 trillion in outstanding securities for more than 30,000 clients around the world. The Bank is a recognized leader for trust services in several debt products, including corporate and municipal debt, mortgage-backed and asset-backed securities, derivative securities services and international debt offerings. Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $41.6 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank has the largest banking presence in Wisconsin with 197 offices throughout the state. In addition, M&I has 36 locations throughout Arizona; 12 offices in metropolitan Minneapolis/St. Paul, Minn.; and, locations in Duluth, Minn.; Las Vegas, Nev.; and, Naples and Bonita Springs, Fla. M&I's Southwest Bank affiliate has six offices in the St. Louis area and one office in Belleville, Ill. Metavante Corporation, Marshall & Ilsley Corporation's wholly owned technology subsidiary, provides virtually all of the technology an organization needs to offer financial services. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (www.mibank.com or www.micorp.com). M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry. The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.