M&I Announces Extension of Program to Assist Distressed Homeowners ; Announces over $11.1 billion of new credit to new and existing customers since mid-November 2008

MILWAUKEE, March 30, 2011 /PRNewswire/ -- Marshall & IlsleyCorporation (NYSE: MI) (M&I) today announced it has extended itsforeclosure moratorium for distressed homeowners. The initialmoratorium was announced on December 18, 2008, as part of M&I'sHomeowner Assistance Program. The moratorium is on all owner-occupied residential loans for customers who agree to work in goodfaith to reach a successful repayment agreement. The moratoriumapplies to applicable loans in all M&I markets.

M&I's Homeowner Assistance Program also features streamlinedassistance programs for potentially distressed homeowners who areidentified in advance and proactively offered assistance. It alsooffers a foreclosure abatement program that features severalrefinancing options, including term extensions and reduced ratesthat can be used, as necessary and applicable, to reduce monthlypayments.

In addition, M&I continues to extend new credit to new andexisting customers. Since the infusion of capital from the U.S.Treasury in mid-November 2008 through January 31, 2011, M&I hasextended over $11.1 billion of new credit. (The "new credit" amountincludes new and expanded extensions of credit, or commitments toextend credit, as well as renewals of existing credit where a newpromissory note was executed.)

Marshall & Ilsley Corporation (NYSE: MI) is a diversifiedfinancial services corporation headquartered in Milwaukee, Wis.,with $51.9 billion in assets. Founded in 1847, M&I Marshall & IlsleyBank is the largest Wisconsin-based bank, with 188 officesthroughout the state. In addition, M&I has 53 locations throughoutArizona; 36 offices along Florida's west coast and in centralFlorida; 33 offices in Indianapolis and nearby communities; 26offices in metropolitan Minneapolis/St. Paul, and one in Duluth,Minn.; 17 offices in the greater St. Louis area; 15 offices inKansas City and nearby communities; and one office in Las Vegas,Nev. M&I also provides trust and investment management, equipmentleasing, mortgage banking, asset-based lending, financial planning,investments, and insurance services from offices throughout thecountry and on the Internet (www.mibank.com or www.micorp.com).

On December 17, 2010, M&I entered into a definitive agreementunder which BMO Financial Group will acquire all outstanding sharesof common stock of M&I in a stock-for-stock transaction. Under theterms of the agreement, each outstanding share of M&I will beexchanged for 0.1257 shares of Bank of Montreal upon closing. Thetransaction is expected to close prior to July 31, 2011. Thetransaction is subject to customary closing conditions, includingregulatory approvals and approval from shareholders of M&I.

SOURCE Marshall & Ilsley Corporation