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M\u0026I Bank Diversity VideoMarshall & Ilsley Corporation was a U.S. bank and diversified financial services corporation headquartered in Milwaukee, Wisconsin, that was purchased by Bank of Montreal in The bank was founded in and by the bank had assets of. Under the terms of the merger agreement announced today, M&I will merge with a BMO subsidiary, and existing M&I shareholders will become. M&I Marshall & Ilsley Bank is an affiliate of Marshall & Ilsley Corporation.