BMO Bank
| File:Harris logo.png | |
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1882 |
| Headquarters | Chicago, Illinois |
Key people | Ellen Costello, CEO |
| Products | Middle-Market Commercial Lending,
Middle-Market Commercial Real Estate Lending, Domestic and International Cash Management Commercial Banking, Wealth Management, Retail Banking, Trust and Treasury |
| Parent | Bank of Montreal |
| Website | harrisbank.com |
Harris Bank is an American bank based in Chicago, Illinois. The bank founded by Norman Wait Harris, is primarily located in the Midwest, and is owned by the Toronto-based Bank of Montreal. Today the bank holding company is formally named Harris Bankcorp, Inc.
History
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Norman Wait Harris arrived in Chicago and established N.W. Harris & Co. in the late 1800s and founded Harris Bank in 1882. Other key events for Harris Bank include:
- Harris Trust and Savings Bank was established in 1907
- Merger with Chicago National Bank 1960
- Restructured as Harris Bankcorp, Inc. 1972
- Bank of Montreal (later as BMO Financial Group) acquires Harris 1984
- First National Bank of Barrington acquired 1985
- Acquired State Bank of St. Charles and First National Bank of Batavia 1988
- Libertyville Federal Savings Bank and Loan and Frankfort Bancshares 1990
- Harris Bankcorp and Suburban Bancorp combined under the Harris name 1994
- Acquired 54 Chicagoland branches from Household Bank 1996
- direct brokerage firm Burke, Christensen & Lewis merged with Harris Investors Direct to form Harris InvestorLine 1999
- Freeman Welwood acquired 2000
- Village Bank of Naples (Florida) and Century Bank in Arizona acquired 2001
- First National Bank of Joliet acquired 2001
- Northwestern Trust and Investors Advisory Company in Seattle, Washington acquired 2002
- Harris InvestorLine is combined with CSFBdirect to form Harrisdirect 2002
- online client accounts of Morgan Stanley Individual Investor Group acquired 2002
- myCFO acquired 2002
- Sullivan, Bruyette Speros & Blayney Incorporated acquired 2003
- Lakeland Community Bank in Round Lake and New Lenox State Bank in Will County acquired 2004
- Mercantile Bancorp. Inc. based in Hammond, Indiana acquired 2004
- Intent to acquire Villa Park Trust and Savings Bank 2005
- Retired the Harris Trust and Savings Bank name 2005
- First National Bank & Trust, based in Kokomo, Indiana acquired 2007
- Ozaukee Bank, Based in Cedarburg, WI acquired 2008
- Merchant and Manufacturers Bankcorp Inc, Based in New Berlin, WI acquired 2008
Harris N.A. is a member of the Federal Reserves system.
Operations
Harris Bank is a Mid-West bank with several private banking locations in Arizona and Florida. It is the third-largest Chicago-area bank based on number of full-service branches.
Organization
Harris Bank serves more than 1.2 million customers with 281 branches in Illinois, Indiana, and Wisconsin and more than 600 ATMs and employs about 7000 people.
The executive management of Harris includes:
- William Downe, President and Chief Executive Officer, BMO Financial Group, Head of U.S. Businesses
- David A. Galloway, Chairman, BMO Financial Group
- Ellen Costello, Chief Executive Officer, Harris Financial Corp.
- Peter McNitt, Vice Chairman, Harris Bankcorp, Inc. & Head of Business Banking Division
Services
A list of services provided at Harris Bank:
- personal financial services
- wealth management
- small business banking
- middle market banking
- investment and corporate banking
- equipment leasing