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Exhibit 99.1
FOR IMMEDIATE RELEASE
SEPTEMBER 18, 2000
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Gordy Gunnlaugsson Announces Retirement from Marshall & Ilsley
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MILWAUKEE, Sept. 18 /PRNewswire/ -- Gordon H. Gunnlaugsson announced
today that he will retire as executive vice president and CFO and as a
director of Marshall & Ilsley Corporation (M&I) (NYSE: MI - news) effective
at the end of the year. Mr. Gunnlaugsson stated: "After more than 30 years
with M&I and over 15 years as CFO, I would like to have a little less
structure and more time for family and personal pursuits. I've been planning
this move for some time and believe with the anticipated spin-off of
Metavante and the charter initiatives both well underway, now is an
appropriate time to make this announcement."
James B. Wigdale, chairman of M&I, said: "I have been well aware of
Gordy's intention to take early retirement. We will miss his financial
expertise and strategic thinking, but we respect his decision. Gordy has
agreed to assist with the transition to his successor and will also be
available over the next couple of years to see the various initiatives
currently underway through to completion. All of us at M&I appreciate his
many contributions and wish him well."
Marshall & Ilsley Corporation, headquartered in Milwaukee, Wis., has
$25.2 billion in assets. The Corporation has 26 affiliate banks with more
than 200 offices in Wisconsin. The Corporation also has a bank in Phoenix,
Arizona with 13 offices, a bank in Nevada with offices located in Illinois
and Florida and trust companies in Wisconsin, Arizona and Florida. M&I, a
diversified financial services company, also owns and operates 49 offices
throughout the country that provide trust and investment management,
equipment leasing, mortgage banking and data processing.
MW451751_1.DOC
