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M\u0026I Bank Bought By Bank Of Montreal
Founded in , Marshall & Ilsley Bank, or M&I, was Milwaukee's oldest and largest bank before being acquired by Toronto-based BMO Harris Bank in A US court has reversed a previous verdict that ordered a subsidiary of the Bank of Montreal to pay US$ million in relation to a Ponzi scheme. An Eighth Circuit panel reversed a $ million verdict against BMO Harris Bank, ruling the bank should have been allowed to use the in pari delicto defense.