Business & Tech
Harris Bank Will Close Saukville Branch
After completing a review on how to combine the M&I Bank branch network with the Harris Bank branch network, 24 branches have been chosen to close — including the location in Saukville.
After completing a review on how to combine the M&I Bank branch network with the Harris Bank branch network, said it will close 24 branches including eight Harris Bank branches in metro Milwaukee in early October, according to an article in the Business Journal.
The BMO Harris location in Saukville, at 524 E. Green Bay Ave., will close by fall; this comes after an April announcement of other area branch closings, .
BMO Financial, which owns Harris Bank, bought Milwaukee-based Marshall & Ilsley Corp. in July 2011. BMO executives have said all along that M&I and Harris did not have extensive geographic overlap of branches and BMO did not expect significant branch closings.
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One of the branches is closing due to low customer volume, but the rest are related to Chicago-based BMO Harris executives’ review of geographic overlaps between M&I and Harris, Kappel said Friday. BMO Harris currently has 660 branches.
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