Wasn't M&I the recipient of an early TIF grant? What is the status of the "monies which would be returned" to the city in the form of development and improvement of blighted areas? Will the new owner be part of a continued TIF break?

about 2 years ago I got a car loan with BOA> It had been switched to Harris- is this the same bank? No Harris Bank in Janesville so would have to Mail in payment or PAY $10 a month to do it on line- as you insane. Did a refi with local CU. You could open an account with them but how would you deposit your money??? A friend closed his account as soon as the name changed.

took em about a year longer to change the signs than it did to tack on a bunch of new fees. that was about the time I left em. :)

LaborParty, I don't know what game you're playing, but you are wrong. BMO paid the US Treasury $1.7 billion to settle the TARP loans as a condition of the sale. (The TARP money comes with a kind of lien.)
http://online.wsj.com/article/SB10001424...
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In any case, as of January 2012, something like 80% of the TARP loans had been repaid and/or refinanced by other means (some of it more traditional government loan programs). As of June 2012, only $100 billion out of the original $700 billion remained to be repaid. A new quarterly report is due this month at
http://www.sigtarp.gov
if you would like to monitor the progress of the program.

Not only are the Canadian banks 'healthier' than their American counterparts, the entire Canadian economy in healthier. Politicians are not 'owned' in Canada like they are here, so organized crime has no real foothold north of the border. The business climate is fairly predictable in Canada instead of being uncertain, unpredictable, and politically motivated like it is here. ALL of my stock holdings are Canadian stocks and yours probably should be too.

JohnWicket, this represents capital inflow if anything, which is a reduction in the trade deficit (which has persisted for decades). The acquisition is really by the American subsidiary BMO Harris, which has been part of BMO Financial since 1984 and is based in Chicago.
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The purchase took place during the most active period of bank closures since the savings and loan crisis under Reagan. There were very few banks who had so little exposure to the real estate and commercial credit markets that they could afford to take on a struggling bank with a lot of bad debt on its books. Canada managed to avoid the worst of the housing and financial crisis due to stricter regulations and lower government subsidies (like our home mortgage interest deduction), so its banks were all comparatively healthy. So who do you sell a struggling bank to, anyway? Yes, to a bank with money.
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Bank closures so far this year are running midway between the 2008 and 2009 totals, after running in the high 100s for 2010 and 2011 as the housing crisis, in particular, reverberated. It is more likely this year that failed banks will find US buyers.

First the Canadians, next the Chinese, then Germans or Saudi Arabians? I guess America really is up for sale. Why can't we Americans afford to run our own banks? Is it because we have no capital or credit with the wealthiest Americans? I know this is old news but it still merits discussion.