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.
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
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
First National Bank & Trust, based in Kokomo, Indiana acquired 2007
Harris Bank is a member of the Federal Reserves system. Operations Harris Bank originally was a Mid-West based bank, but it has expanded to several other states including, Arizona, Florida and Indiana.
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. |
