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BMO Financial Group said April 5 that its personal and commercial business in the U.S. will be known as BMO Harris Bank NA, and Mark Furlong will become its president and CEO.
BMO Harris Bank is the operating bank that will represent the combination of Harris Bank NA and Marshall & Ilsley Corp.
Furlong is chairman, president and CEO of Milwaukee-based Marshall & Ilsley.
BMO Financial agreed to acquire Marshall & Ilsley in December 2010, and the transaction is expected to be completed before the end of July.
Effective on closing of the deal, Ellen Costello, president and CEO of U.S. personal and commercial banking, will continue to be CEO of Harris Financial Corp. She will also be in charge of providing governance and oversight for all of BMO's U.S. businesses.
BMO's U.S. head of commercial banking, David Casper, will be executive vice president of the commercial banking division.
Further, Marshall & Ilsley's Brad Chapin, executive...