M&I Announces Extension of Foreclosure Moratorium

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Fri Jun 26, 2009 10:10am EDT

MILWAUKEE, June 26 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation
(NYSE: MI) (M&I) today announced it has extended its foreclosure moratorium an
additional 90 days - through September 30, 2009. The initial moratorium was
announced on December 18, 2008, as part of M&I's Homeowner Assistance Program.
The moratorium is on all owner-occupied residential loans for customers who
agree to work in good faith to reach a successful repayment agreement. The
moratorium applies to applicable loans in all M&I markets. 

The Homeowner Assistance Program also features streamlined assistance programs
for potentially distressed homeowners who are identified in advance and
proactively offered assistance. It also offers a foreclosure abatement program
that features several refinancing options, including term extensions and
reduced rates that can be used, as necessary and applicable, to reduce monthly
payments.  

Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services
corporation headquartered in Milwaukee, Wis., with $61.8 billion in assets.
Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based
bank, with 193 offices throughout the state. In addition, M&I has 53 locations
throughout Arizona; 32 offices in Indianapolis and nearby communities; 36
offices along Florida's west coast and in central Florida; 16 offices in
Kansas City and nearby communities; 26 offices in metropolitan Minneapolis/St.
Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev. M&I's
Southwest Bank subsidiary has 17 offices in the greater St. Louis area. 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
(www.mibank.com or 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.



SOURCE  Marshall & Ilsley Corporation

Richard Becker, senior vice president of Marshall & Ilsley Corporation,
+1-414-765-8111
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