First Business

October 09, 2013

BMO Harris loses Milwaukee market share in latest FDIC report

BMO Harris Bank lost more market share in the Milwaukee area this year, according to recently released data from the Federal Deposit Insurance Corp., although BMO says the number is misleading.

The Chicago-based bank, which acquired Milwaukee-based M&I Bank in 2011, held 15.88 percent of the market share in southeastern Wisconsin as of June 30, according to the FDIC. Thatâ;€™s down from 18.73 percent in 2012 and 21.7 percent in 2011, when the bank was still known as M&I.

The bankâ;€™s deposits forâ;€¦;

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