Milwaukee M&I bank bought out by Canadian financial group

This week, a Canadian financial group called BMO agreed to pay off all the money Milwaukee’s M & I Bank still owed the U.S. government through the federal TARP program, or the so-called “bank bailout”.It’s one of the last steps in BMO’s likely eventual purchase of M & I, and we wanted to ask what it means for Wisconsin to have its largest bank sold off.WPR’s Terry Bell discussed this with Russel Kashian, an economics professor at UW Whitewater, who’s an expert on financial institutions, mergers, and acquisitions.