1340 AM, Thursday, November 20th, 2008
M&I Bank Aquires First Indiana Bank
Last updated on Thursday, January 03, 2008
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(MILWAUKEE) - Marshall and Ilsley has completed its acquisition of First Indiana Corporation in a deal worth about $529 million.
The Milwaukee-based M&I said today shareholders of First Indiana will receive $32 per share in cash.
First Indiana is the largest commercial bank headquartered in Indianapolis. It has about two billion dollars in assets.
The company's First Indiana Bank has 32 offices in Central
Indiana. All the branches will become M&I Banks in early 2008.
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