Marshall & Ilsley Corporation Issues Shares in Treasury Capital Purchase Program
15 November 2008 - 5:44AM
PR Newswire (US)
MILWAUKEE, Wis., Nov. 14 /PRNewswire-FirstCall/ -- Marshall &
Ilsley Corporation (NYSE:MI) (M&I) today announced that it has
issued 1,715,000 shares of its Senior Preferred Stock, Series B to
the U.S. Department of the Treasury in return for $1.715 billion in
cash. In addition, M&I issued a warrant to Treasury to purchase
13,815,789 shares of M&I common stock at an exercise price of
$18.62 per share. This transaction is part of Treasury's Capital
Purchase Program which is designed to infuse capital into the
nation's healthiest and strongest banks. Marshall & Ilsley
Corporation (NYSE:MI) is a diversified financial services
corporation headquartered in Milwaukee, Wis., with $63.5 billion in
assets. Founded in 1847, M&I Marshall & Ilsley Bank is the
largest Wisconsin-based bank, with 193 offices throughout the
state. In addition, M&I has 52 locations throughout Arizona; 32
offices in Indianapolis and nearby communities; 32 offices along
Florida's west coast and in central Florida; 15 offices in Kansas
City and nearby communities; 24 offices in metropolitan
Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in
Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices
in the greater St. Louis area. 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
(http://www.mibank.com/ or http://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. DATASOURCE: Marshall & Ilsley
Corporation CONTACT: Greg Smith, senior vice president, chief
financial officer, +1-414-765-7727, or Dave Urban, vice president,
director of investor relations, +1-414-765-7853, both of Marshall
& Ilsley Corporation Web Site: http://www.mibank.com/
http://www.micorp.com/
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