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M&I Bank is setting out to double its number of branch locations in the metro area by 2005.
M&I is scheduled to break ground Sept. 1 on a new Maple Grove branch, the first of 10 new locations planned throughout the Twin Cities market for the next two years, said Bill Klein, M&I Bank Minnesota president.
"By the end of 2004, we will probably have opened somewhere around four to six branches," Klein said. "They are all going to be full-service community banks."
M&I, a unit of Milwaukee-based Marshall & Ilsley Corp., entered the local market in 2001 with the acquisitions of National City Bank of Minneapolis, Richfield Bank & Trust and Eden Prairie-based Century Bank. It is the No. 5 metro bank with about $2.3 billion...