M&I Announces Extension of Foreclosure Moratorium
29 September 2009 - 4:49AM
PR Newswire (US)
MILWAUKEE, Sept. 28 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) (M&I) today announced it has extended its
foreclosure moratorium an additional 90 days - through December 31,
2009. The initial moratorium was announced on December 18, 2008, as
part of M&I's Homeowner Assistance Program. The moratorium is
on all owner-occupied residential loans for customers who agree to
work in good faith to reach a successful repayment agreement. The
moratorium applies to applicable loans in all M&I markets.
M&I's Homeowner Assistance Program also features streamlined
assistance programs for potentially distressed homeowners who are
identified in advance and proactively offered assistance. It also
offers a foreclosure abatement program that features several
refinancing options, including term extensions and reduced rates
that can be used, as necessary and applicable, to reduce monthly
payments. Marshall & Ilsley Corporation (NYSE:MI) is a
diversified financial services corporation headquartered in
Milwaukee, Wis., with $59.7 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 53 locations throughout Arizona; 32 offices in Indianapolis and
nearby communities; 36 offices along Florida's west coast and in
central Florida; 16 offices in Kansas City and nearby communities;
26 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: Richard
Becker, senior vice president of Marshall & Ilsley Corporation,
+1-414-765-8111 Web Site: http://www.micorp.com/
http://www.mibank.com/
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