Marshall & Ilsley Corporation to Acquire a Majority Interest in Taplin, Canida & Habacht, Inc.

MILWAUKEE and MIAMI, Oct. 13  /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE:MI) (M&I) and Taplin, Canida & Habacht, Inc. (TCH) today announced they have signed a definitive agreement for M&I to acquire a majority equity interest in Miami-based TCH. After the closing of the transaction, the principals of TCH will continue to own a portion of the business. TCH will continue to conduct its business as Taplin, Canida & Habacht and will maintain its headquarters in Miami, Florida.  In addition, TCH will continue to service its current clients, and Tere Alvarez Canida will continue in her current role as president.

The transaction is expected to be completed in the fourth quarter of 2008, subject to regulatory approvals and other customary closing conditions. Terms were not disclosed, and the transaction is not expected to have a material impact on M&I's financial results. Substantially all of the initial payment by M&I is comprised of M&I common stock.

TCH is a highly regarded institutional fixed income money manager with approximately $7.5 billion of assets under management as of September 30, 2008. TCH's consistent approach to their investment discipline is complemented by strong quantitative and fundamental research.  On a proforma basis, M&I will have approximately $32 billion in assets under management within M&I Wealth Management.

TCH's three principals, Tere Alvarez Canida, Alan M. Habacht, and William J. Canida, have worked together as portfolio managers since 1987 and have built a highly experienced investment team totaling nine investment professionals.

"We are excited to announce this strategic acquisition to expand our investment capabilities," said Kenneth C. Krei, senior vice president, Marshall & Ilsley Corporation. "TCH, led by Tere, Alan, and Bill, has built an impressive institutional fixed income firm known for its investment expertise and client service. Their products complement the array of top-performing investment strategies already offered within M&I Wealth Management. Our history of successful acquisitions, strong distribution capacity, and commitment to enhancing our businesses provides a solid platform for TCH."

"M&I's commitment to provide best-in-class investment management products and services means that TCH and our clients will benefit from greater financial resources," said Tere Alvarez Canida, president of TCH. "We are convinced that our strategic combination with M&I will position us for success for many years to come."

Marshall & Ilsley Corporation (NYSE:MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $64.3 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; 31 offices along Florida's west coast and in central Florida; 15 offices in Kansas City and nearby communities; 24 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.

Godfrey & Kahn, S.C., Milwaukee, Wisconsin, acted as legal advisor and Deutsche Bank Securities served as financial advisor to Marshall & Ilsley Corporation. White & Case LLP acted as legal advisor to TCH.

This document contains forward-looking statements about M&I, TCH and the combined company which are within the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to the expected timing, completion and effects of the proposed acquisition.

These forward-looking statements involve certain risks and uncertainties. There are a number of important factors which could cause the actual timing, completion and effects of the proposed acquisition to differ materially from those anticipated by the forward-looking statements. These factors include, but are not limited to (1) general economic conditions, either nationally or in the states in which M&I and TCH do business, becoming less favorable than expected; (2) legislative or regulatory changes which adversely affect the businesses in which M&I and TCH are engaged; (3) changes in the securities markets; (4) the economic impact of terrorist attacks and similar or related events; (5) unanticipated changes in laws, regulations, or other industry standards affecting the businesses of M&I and TCH; and (6) those referenced in Item 1A of M&I's Annual Report on Form 10-K for the year ended December 31, 2007 and M&I's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, under the heading "Risk Factors."

Further information on other factors which could affect the financial results of M&I and TCH after the merger are included in M&I's filings with the Securities and Exchange Commission. These documents are available free of charge at the Commission's website at http://www.sec.gov/ or from M&I. 

DATASOURCE: Marshall & Ilsley Corporation



CONTACT:  Greg Smith, senior vice president, chief financial officer,

[phone], or Dave Urban, vice president, director of investor

relations, [phone], both of Marshall & Ilsley Corporation



Web site:  http://www.micorp.com/

http://www.mibank.com/ 

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