Harris Bank
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Harris Bank was founded by Norman Wait Harris. The mid-western bank is based in Chicago, Illinois, and is owned by the Canadian based Bank of Montreal. Today its is known as Harris Financial Services Corporation.
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[edit] History
Norman Wait Harris arrived in Chicago and established N.W. Harris and Company in the late 1800s and founded Harris Bank in 1882. Other key events for Harris Bank include:
- Harris Trust and Savings Bank was created in 1994
- Merger with Chicago National Bank 1960
- Harris Bankcorp, Incorporation formed 1972
- Bank of Montreal (later as BMO Financial Group) acquires Harris 1984
- First National Bank of Barrington acquired 1985
- Libertyville Federal Savings Bank and Loan and Frankfort Bancshares 1990
- Harris Bankcorp and Suburban Bancorp combined under the Harris name 1994
- Household Bank acquired 1996
- direct brokerage firm Burke, Christensen & Lewis merged with Harris Investors Direct to form Harris InvestorLine 1999
- Chicagoland acquired 1999-2000
- 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
- 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
- First National Bank & Trust, based in Kokomo, Indiana acquired 2007
Harris Bank is a member of the Federal Reserves system.
[edit] Operations
Harris Bank originally was a Mid-West based bank, but it has expanded to several other states including, Arizona, Florida and Indiana.
[edit] Organization
Harris Bank serves over 1.5 million customers with 197 full service branches and over 500 ATMS.
The executive management team of Harris includes:
- Bill Downe, Deputy Chairman, BMO Financial Group, Head of U.S. Businesses
- Ellen Costello, Chief Executive Officer, Harris N.A.
- Peter McNitt, Executive Vice President, Global Head of Private Banking
- Yvan Bourdeau, President and Chief Operating Officer, Investment Banking Group
- Timothy Crane, President of Community Banking, Harris N.A.
[edit] Services
A list of services provided at Harris Bank:
- personal financial services
- wealth management
- small business banking
- middle market banking
- investment and corporate banking
[edit] External links
| Commercial banks in the United States |
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| Apple Bank • Arvest Bank • Bank of America • Bank of the West • BB&T • Capital One Bank • Chase • Citibank • Citizens Bank (Rhode Island)/ Charter One • Citizens Bank (Michigan) • Comerica • Commerce Bank • Commerce National • Compass Bank • Fifth Third Bank • First Tennessee Bank • Harris Bank • HSBC • Huntington • Key Bank • LaSalle Bank/LaSalle Bank Midwest • M&T Bank • Marshall & Ilsley • National City • North Fork Bank • PNC Bank • RBC Centura • Regions Bank • Sovereign Bank • SunTrust Bank • TCF Bank • TD Banknorth • Union Bank of California • U.S. Bank • Wachovia • Washington Mutual • Wells Fargo • Zions Bancorp |
| Bank of Montreal | |
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Chief Executive Officer: Bill Downe | FY 2005 Statistics: Net income: $2.4 billion CAD ( |
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| Major brands by financial service | |
| Master: BMO | Financial group: BMO Financial Group | Canadian banking: BMO Bank of Montreal | U.S. banking: Harris | Canadian mutual funds: BMO Mutual Funds and Guardian Group of Funds| Canadian brokerage: BMO InvestorLine and BMO Nesbitt Burns | U.S. brokerage: BMO Harris Investor Services | Canadian insurance: BMO Life | Capital markets: BMO Capital Markets |
