MILWAUKEE, May 17 /PRNewswire-FirstCall/ -- On March 31, 2010, M&I Bank (M&I) marked
seven years of consecutive monthly net personal checking account
growth. For 84 consecutive months, M&I Bank opened more
personal checking accounts than it closed since 2003.
In addition, in late 2009, M&I Bank launched a new
innovative checking product line-up, "Checking with Choices,"
tailored to meet customers' needs. The Checking with Choices
product line offers five primary account types and makes it easier
and simpler for customers to select the checking product that best
meets their needs.
Checking with Choices offers one product targeting the upscale
market, three products for the mass market, and one product for
individuals with limited needs.
The three "mass market" products are designed to meet the needs
of the majority of retail customers, whether they prefer cash
bonuses, rewards points, or interest:
- M&I Cash Back Checking(SM) – customers earn a monthly cash
bonus for select transactions, such as using their M&I Bank
Check Card, paying bills online, making deposits, and getting their
bank statement online.
- M&I Rewards Checking – customers earn rewards points by
using their M&I Rewards(SM) Check Card. Rewards points are
redeemable for both travel and gift card awards.
- M&I Interest Checking – customers earn a tiered rate of
interest based on the balance in their account.
"Checking account growth continues to be essential to the growth
of M&I," said Andy Will, senior
vice president, director of deposits, M&I Bank. "We believe our
employees' efforts, along with the excitement generated by M&I
Bank's new checking line-up, will help ensure our continued success
in growing deposits."
M&I Bank has also recently launched a new checking account
line-up for business customers. The "Business Solutions" product
offers checking accounts with cash back options and other
incentives for M&I's business customers.
Marshall & Ilsley Corporation (NYSE: MI) is a diversified
financial services corporation headquartered in Milwaukee, Wis., with $56.6 billion in assets. Founded in 1847, M&I
Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 192 offices
throughout the state. In addition, M&I has 53 locations
throughout Arizona; 33 offices in
Indianapolis and nearby
communities; 36 offices along Florida's west coast and in central
Florida; 15 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
(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.
SOURCE Marshall & Ilsley Corporation