Marshall & Ilsley Corporation Completes Acquisition of Gold Banc Corporation, Inc.
01 Avril 2006 - 5:44PM
PR Newswire (US)
MILWAUKEE, April 1 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) (M&I) announced today the completion of
its acquisition of Gold Banc Corporation, Inc. (NASDAQ:GLDB). Gold
Banc, with $4.2 billion in assets as of December 31, 2005, is the
holding company for Gold Bank, which provides commercial banking
services in Florida, Kansas, Missouri, and Oklahoma through 32 bank
locations. Gold Banc shareholders will receive 0.3576 of a share of
M&I common stock and $2.78 in cash for each share of Gold Banc
common stock they own. M&I will not issue any fractional
shares. Instead, Gold Banc stockholders will receive cash in lieu
of any fractional share of M&I common stock based on a value
for each M&I share of $43.96. In accordance with the terms of
the merger agreement, Malcolm M. ("Mick") Aslin, chief executive
officer of Gold Banc, joins the Marshall & Ilsley Corporation
Board of Directors effective today. Marshall & Ilsley
Corporation (NYSE:MI) is a diversified financial services
corporation headquartered in Milwaukee, Wis., with $46.2 billion in
assets as of December 31, 2005. Founded in 1847, M&I Marshall
& Ilsley Bank is the largest Wisconsin-based bank. M&I Bank
has 196 offices throughout the state, in addition to 42 locations
throughout Arizona; 14 offices in metropolitan Minneapolis/St.
Paul, Minn.; and locations in Duluth, Minn.; Las Vegas, Nev.; and,
Marco Island, Naples, and Bonita Springs, Fla. M&I's Southwest
Bank affiliate has seven offices in the St. Louis area and one
office in Belleville, Ill. Metavante Corporation, Marshall &
Ilsley Corporation's wholly owned technology subsidiary, provides
virtually all of the technology an organization needs to offer
financial services. M&I also provides trust and investment
management, equipment leasing, mortgage banking, asset-based
lending, financial planning, investments, and insurance services
from offices throughout the country and on the Internet (
http://www.mibank.com/ or http://www.micorp.com/ ). M&I's
customer-based approach, internal growth, and strategic
acquisitions have made M&I a nationally recognized leader in
the financial services industry. DATASOURCE: Marshall & Ilsley
Corporation CONTACT: Mark Furlong, President of Marshall &
Ilsley Corporation, +1-414-765-8052 Web site:
http://www.micorp.com/ http://www.mibank.com/
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