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Harris Completes Purchase of New Lenox State Bank
CHICAGO, IL, June 1, 2004 – Harris Bank and BMO Financial Group (NYSE, TSE: BMO) announced today the completion of their acquisition of New Lenox State Bank (NLSB). The purchase price was $228.5 million. The acquisition was announced February 4, 2004.
Headquartered in New Lenox, Illinois, NLSB has eight full-service branches.
With $30 billion in assets, Harris Bank is one of the largest community banks networks in Illinois, a nationally recognized provider of private client and personal trust services and a premier Midwest mid-market corporate bank. Harris is a member of BMO Financial Group, a highly diversified financial services institution headquartered in Toronto, Canada, with average assets of US $162 billion. NLSB represents the 13th U.S.acquisition by BMO Financial Group in just over three years.
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Contacts:
Media Relations:
Jen Dillon, Harris Bank, 312.461.6970
Investor Relations:
Susan Payne, BMO Financial Group, 416.867.6656
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