Harris Bank
From Wikipedia, the free encyclopedia
Harris Bank | |
---|---|
Type | Private |
Founded | 1882 |
Headquarters | Chicago, Illinois |
Key people | Ellen Costello, CEO |
Industry | Financial Services |
Products | Middle-Market Commercial Lending,
Middle-Market Commercial Real Estate Lending, Domestic and International Cash Management Commercial Banking, Wealth Management, Retail Banking, Trust and Treasury |
Parent | Bank of Montreal |
Website | harrisbank.com |
Harris Bank is an American bank based in Chicago, Illinois. The bank founded by Norman Wait Harris, is primarily located in the Midwest, and is owned by the Canadian-based Bank of Montreal. Today it is known as Harris Financial Services Corporation.
Contents |
[edit] History
To meet Wikipedia's quality standards, this article or section may require cleanup because it is in a list format that may be better presented using prose. You can help by converting this section to prose, if appropriate. Editing help is available. (September 2007) |
Norman Wait Harris arrived in Chicago and established N.W. Harris and Company in the late 1800s and founded Harris Bank in 1882. Other key events for Harris Bank include:
- Harris Trust and Savings Bank was created in 2004
- Merger with Chicago National Bank 1960
- Harris Bankcorp, Incorporation formed 1972
- Bank of Montreal (later as BMO Financial Group) acquires Harris 1984
- First National Bank of Barrington acquired 1985
- Libertyville Federal Savings Bank and Loan and Frankfort Bancshares 1990
- Harris Bankcorp and Suburban Bancorp combined under the Harris name 1994
- Household Bank acquired 1996
- direct brokerage firm Burke, Christensen & Lewis merged with Harris Investors Direct to form Harris InvestorLine 1999
- Chicagoland acquired 1999-2000
- Freeman Welwood acquired 2000
- Village Bank of Naples (Florida) and Century Bank in Arizona acquired 2001
- First National Bank of Joliet acquired 2001
- Northwestern Trust and Investors Advisory Company in Seattle, Washington acquired 2002
- Harris InvestorLine is combined with CSFBdirect to form Harrisdirect 2002
- online client accounts of Morgan Stanley Individual Investor Group acquired 2002
- myCFO acquired 2002
- Sullivan, Bruyette Speros & Blayney Incorporated acquired 2003
- Lakeland Community Bank in Round Lake and New Lenox State Bank in Will County acquired 2004
- Mercantile Bancorp. Inc. based in Hammond, Indiana acquired 2004
- Intent to acquire Villa Park Trust and Savings Bank 2005
- First National Bank & Trust, based in Kokomo, Indiana acquired 2007
- Ozaukee Bank, scheduled to be acquired Q3 2008
- Merchant and Manufacturers Bankcorp Inc, scheduled to be acquired Q3 2008
Harris N.A. is a member of the Federal Reserves system.
[edit] Operations
Harris Bank originally was a Mid-West based bank, but it has expanded to several other states including, Arizona, Florida, Indiana, and will be opening branches in Wisconsin in 2008.
[edit] Organization
Harris Bank serves over 1.5 million customers with 197 full service branches and over 500 ATMS.
The executive management team of Harris includes:
- Bill Downe, Deputy Chairman, BMO Financial Group, Head of U.S. Businesses
- Ellen Costello, Chief Executive Officer, Harris N.A.
- Peter McNitt, Vice Chairman Harris Bank & Head of Business Banking
- Yvan Bourdeau, President and Chief Operating Officer, Investment Banking Group
[edit] Services
A list of services provided at Harris Bank:
- personal financial services
- wealth management
- small business banking
- middle market banking
- investment and corporate banking
- equipment leasing
[edit] External links
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BMO Bank of Montreal | |
Chief Executive Officer: Bill Downe | FY 2005 Statistics: Net Income: $2.4 billion CAD (▲4%) | Market Capitalization: $28.9 billion CAD | Assets: $297.5 billion CAD | Employees: 33,785 | Stock Symbols: TSX: BMO NYSE: BMO | Website: www.bmo.com |
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Major Brands by Financial Service | |
Master: BMO | Canadian Banking: BMO Financial Group | U.S. Banking: Harris and Harris myCFO | Canadian Mutual Funds: BMO Mutual Funds and Guardian Group of Funds | Canadian Self-Service Investing: BMO InvestorLine |Canadian Full-Service Investing: BMO Nesbitt Burns | U.S. Brokerage: BMO Harris Investor Services | Canadian Insurance: BMO Life | Research: BMO Capital Markets |