MI Marshall & Ilsley Corp

Program designed to keep homeowners in homes MILWAUKEE, Dec. 18 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE:MI) (M&I) today announced it has introduced a system-wide program designed to keep families in their homes by helping homeowners avoid delinquency and foreclosure, including a 90-day foreclosure moratorium on all owner-occupied residential loans. In addition to its existing strategies, which include stipulation plans, loan modifications, extensions, and short-term forbearance options, M&I's enhanced foreclosure relief program features the following: Foreclosure moratorium M&I has implemented a 90-day foreclosure moratorium 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 loans in all M&I markets and extends through March 31, 2009. Foreclosure prevention M&I's foreclosure abatement program includes several options, including term extensions and reduced rates that can be used, as necessary and applicable, to reduce monthly payments. Streamlined assistance programs Potentially distressed homeowners are identified in advance, and proactively offered assistance. "This recessionary economy is obviously challenging for many families as they try to balance the family budget each month," said Mark Furlong, president and CEO of Marshall & Ilsley Corporation. "During these stressful economic times, M&I is committed to ensuring our customers have access to the resources and products that can enable them to stay in their homes." "I am grateful to Marshall & Ilsley Corporation for taking this tremendous step toward keeping families in their homes as they work to get back on their financial feet," said Tom Barrett, Mayor of Milwaukee. "With strong private partners like M&I, I am confident that significant progress can be made addressing the impact foreclosures are having on our neighborhoods and residents." Marshall & Ilsley Corporation (NYSE:MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $63.5 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 52 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 34 offices along Florida's west coast and in central Florida; 15 offices in Kansas City and nearby communities; 25 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 (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. DATASOURCE: Marshall & Ilsley Corporation CONTACT: Richard Becker, senior vice president of Marshall & Ilsley Corporation, +1-414-765-8111 Web Site: http://www.mibank.com/ http://www.micorp.com/

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