MILWAUKEE, June 3 /PRNewswire-FirstCall/ -- M&I Bank was
recently recognized by the Wisconsin Small Business Administration
(SBA) as the 504 Loan Program Lender of the Year. This is the fifth
consecutive year that M&I Bank has received the award.
The SBA 504 loan program is a long-term financing tool for
economic development within a community. This economic development
program has a primary focus on job creation. The 504 Program
provides growing businesses with long-term, fixed-rate financing
for major fixed assets, such as land, buildings, and equipment.
"This recognition is a direct result of the work by many M&I
bankers throughout the state who offer SBA loans to our customers
as an alternative way of financing small business growth," said
Dick Becker, regional group
president, M&I Bank, Wisconsin Region. "Through the SBA 504
Program, our customers benefit from longer term financing than what
banks can provide on a conventional basis, many times making the
payments and terms more affordable for the small business."
"M&I Bank recognizes the importance of small businesses in
our economy," said Nate Cunniff,
senior vice president, business banking, M&I Bank. "The bank's
use of programs such as the SBA 504 program has benefited many
Wisconsin companies who have
subsequently added jobs and increased economic development in their
communities."
M&I Bank is an affiliate of Marshall & Ilsley
Corporation (NYSE: MI), 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