MILWAUKEE, Jan. 4 /PRNewswire-FirstCall/ -- Marshall & Ilsley Trust Company N.A., a subsidiary of Marshall & Ilsley Corporation , announced today that it has completed its acquisition of FirstTrust Indiana, a division of First Indiana Bank, N.A. Later in 2006, FirstTrust Indiana will be re-branded M&I Wealth Management, a division of Marshall & Ilsley Corporation.
FirstTrust Indiana began operating in 1998 and offers asset management, trust administration, and estate planning services to high-net-worth individuals and institutional customers. The acquisition of FirstTrust Indiana by Marshall & Ilsley Trust Company was announced in October 2005.
"With the completion of this acquisition, M&I Wealth Management expands its presence into the Indiana marketplace," said Kenneth Krei, senior vice president, Marshall & Ilsley Corporation, and CEO and president of M&I Wealth Management. "M&I looks forward to a continued partnership with First Indiana Bank, N.A. and serving the needs of the residents of Indiana."
M&I Wealth Management is a leading provider of trust, asset management, brokerage, and private banking services to individuals, institutions, and corporate clients.
Marshall & Ilsley Trust Company N.A. is a subsidiary of Marshall & Ilsley Corporation , a diversified financial services corporation headquartered in Milwaukee, Wis., with $45 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank. M&I Bank has 195 offices throughout the state, in addition to 42 locations throughout Arizona; 13 offices in metropolitan Minneapolis/St. Paul, Minn.; and, locations in Duluth, Minn.; Las Vegas, Nev.; and, 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.
